Altenar, a leading bookmaker provider headquartered in Malta. The company was one of the first to introduce a cash-out product for betting shops in the Italian market following the recent adoption of new legislation by the Italian regulator.
With Altenar’s cash-out feature, users no longer have to wait for their bets to complete. The new widget allows players to track results and cash out at any time with the click of a button. The product is already widely used by players around the world and has partial and automatic withdrawal options.
This landmark move follows the publication of the new PSQF 4.0 protocol on October 28 by the Italian regulator ADM (Agenzia delle Dogane e dei Monopoli). Under this law, the sports betting service Altenar will dominate the Italian market with a minimum bet multiplier of €1 and a maximum payout of €50,000.
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 industry leading 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.»
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