Altenar Among First to Offer Sportsbook Cash Out in Italy

Altenar, the leading Malta-headquartered sportsbook provider, has become one of the first to introduce a sportsbook Cash Out product to the Italian market, following the recent introduction of new legislation by Italy’s regulator

Utilising Altenar’s Cash Out feature, users no longer have to wait for their bet to reach its natural conclusion. The product gives bettors the opportunity to follow selections and cash out at any point, at the touch of a button. Already widely used by players worldwide, the product also offers partial Cash Out and Auto Cash out features.

The landmark move follows the publishing of the new PSQF 4.0 protocol by Italian regulator ADM (Agenzia delle Dogane e dei Monopoli), valid from 28th October. With the legislation now setting the minimum stake per bet in multiples of €1 and the maximum payout at €50.000, Altenar’s sports betting offering is set to take the Italian market by storm.

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.”