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Italian Online Casino Market a Focus

The Italian land and internet gambling markets have certainly caused some debates over the past several years and months thanks to a very slow process of passing new, inclusive gambling legislation. But as the Italian market begins to mature and the Italian government begins to liberalize even further, some foreign online casinos in the European market have expressed a strong interest in the continued development of this new market. Leisure & Gaming plc is a London listed European online casino gambling group with diversified interests within internet poker and betting services. The company has announced a favorable half-year results report an predicts to continue performing well throughout 2008.

L&G’s EBIT earnings reached a whopping Euro 1.2 million and were largely supported through the emerging Italian land and online casino gambling, betting, and poker markets. L&G has a specific interest in the Italian market and profit predictions for the last half of 2008 include statistics and revenue from the planned launch of online casino poker operations in Italy. The Chairman of L&G, Philip Parker, released a statement along with the company’s H1 results that reaffirmed L&G’s strong position in the coming months, he observes, “We are in a very strong position to continue to grow and capitalize on the many opportunities in the Italian market.”

The company’s growth plans were strongly emphasized in the results report and most of L&G’s online casino poker gambling efforts are specifically focused within the Italian gambling market. The past half-year was particularly hard for several internet gambling groups in European because of current economic conditions in addition to the spring/summer season being a particularly slow period in gambling activities. L&G’s results were indeed impressive and the company anticipates a similarly successful H2.