Internet Gambling Group to Enter Italy
By Miriam H
Gaming VC’s CEO Kenneth Alexander has stated that he expects to finalise the purchase of an Italian sportsbook license prior to the beginning of 2007/8 Italian football season, whilst also aiming to secure an online gaming license in Malta by the third quarter of 2007.

In other news shares in the Luxembourg based gaming company soared after it announced that business in the first half of 2007 is expected to exceed market expectations.

The gaming group, which owns successful online casino The Casino Club, said revenue from its casino businesses has met expectations and that it remains optimistic that its core German business will provide a 2007 performance ahead of current market expectations.

New registrations in the six months until 30 June 2007 were 53,200 compared to 26,900 in the same period last year, an increase of 98 percent. Un-audited net revenue in the same period was €22 million, up by 4.3 percent compared to the first half of 2006.

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