Altenar offers cash out feature in Italy, following regulation change

Altenar has introduced a sportsbook cash out product in the Italian market after new legislation made it possible in the country.

Altenar Italy
Listen To Article

The feature comes after the Italian regulator ADM (Agenzia delle Dogane e dei Monopoli), published the PSQF 4.0 protocol, which came into effect on 28 October.

The legal changes have set the minimum stake per bet in multiples of €1 (£0.86) and the maximum payout at €50,000.

From now on, Altenar’s customers will have the ability to cash out easily at any time, as opposed to having to wait until the bet reaches its natural conclusion – although this extra choice, of course, makes the betting experience more complex for the sports bettor!

Commenting on the new product feature, Francesco Papallo, Regional Director at Altenar, said: “The introduction of this regulation change has been a long time coming, and we are thrilled to finally be able to offer the Italian market our cash out product.

“This new legislation has opened the door for us to provide players in Italy a truly well-rounded sportsbook, and Altenar is now better placed than ever to compete at the highest level in this market.”

The ability to cash out in sportsbook betting is common in other European countries, such as the UK, and should see the Italian market become more flexible to customers.

Altenar recently gained certification to enter the Netherlands market, with Altenar saying in a statement: “It’s from a strong core of adaptability that Altenar has been able to secure its foothold in the Netherlands market, but it’s also an attribute to what Altenar has to offer.”

Premium+ Connections
Premium

1xBet Partners

 
Premium

Sport Generate

 
 
Premium

Revsharks

 
Premium

Lynon

 
Premium

Digitain

 
Premium

GammaStack

 
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...