Gigi Levy, the CEO of 888.com indicated lately at the Barcelona conference of EiG, in his inaugural speech, that the intention of the Internet gambling titan based in Gibraltar is entering Italy's online sportsbook arena is about to be realized.

According to the news agency of Reuters, this week the new website in Italy began accepting wagers, and is one section of a strategic long term growth plan, and Levy claimed in a quote that it should step up income as well increase the number of clients, thus the following year should see us in a great situation when games of skill will be permitted, such as poker.

According to the analysts' assessments, this sports gambling site may possibly get incomes in 2008 of approximately two point four six million pounds sterling, about five million dollars, rising to ten million dollars.

During the coming two years, Levy further stated that the market in Italy would be concentrated on as one of the company's main spheres.

Gradually Italy is beginning to open its gaming market due to the legal influences in Europe, and in spite of the first adversity to online gambling, the government in Italy has now stated that games of skill will be permitted.

The game of skill concept is still be considered by companies to see what it refers to in contrast to games of chance, when poker contests are being invested in by analysts because they are accepted but the once-only games are being outlawed. In Italy it is anticipated that prior to the termination of 2007 there will be a decisive and final definition.

Posted on: October 13, 2007

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