Tag Archives: ADM

Kindred withdraws 32Red from Italian market

Kindred Group Plc has moved to consolidate its Italian market presence under its flagship Unibet sportsbook brand. The decision sees the Stockholm-listed operator retire its 32Red (32Red.it) subsidiary from the Italian market. 32Red had maintained an Italian sportsbook presence since 2012, prior to the firm’s £175 takeover by Kindred Plc in 2017, a strategic acquisition primarily undertaken to significantly boost …

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AGCOM fines Google for failing on its ‘Decree duties’

AGCOM, Italy’s federal communications and media agency, has fined ‘Google Ireland Limited’ €100,000 for violating the advertising conditions and responsibilities of Italy’s ‘Dignity Decree’. The agency’s fine follows an inquiry launched last month which looked into Google Ads’ services promoting gambling-related adverts through its Italian search engine and display advertising network. In its notice, AGCOM stated that Google had been …

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Foreign operators seek ADM reassurances on licensing extensions

Italy’s ADM customs and monopolies agency faces a series of legal battles with foreign-based online gambling operators unless Italy’s government provides reassurances to operators allowing for licence extensions.  Confusion reigns within Italian igaming, following the Senate’s refusal to review two separate appeals to extend online betting, casino and bingo concessions for a further 18-months up to December 2022.   Legal certainty …

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Betfair warns ADM of Italian exit should turnover taxes continue unadjusted 

Marcello Minenna, the new Director-General of Italy’s ADM customs and monopolies agency, has been urged to exclude horseracing and licensed betting exchanges from Italy’s new blanket 0.5% turnover tax increase which will be enforced across all wagering verticals – retail, digital and virtual sports.   Italian betting’s latest tax increase was authorised this summer after the Parliament approved a set of …

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International expansion continues as efbet enters Italy

Italy

Sports betting and gaming operator efbet has set about providing customers in Italy with the broad range of quality products that it has become known for across Europe. The biggest operator of its kind based in Bulgaria is now ready to serve Italian customers. It had received the green light to enter the market late last year from Agenzia delle …

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Di Maio’s man Giacomo Lasorella takes leadership of AGCOM

Italy’s DP-5Star coalition government has moved to restructure the leadership of federal advertising and communications agency AGCOM by confirming the appointment of Giacomo Lasorella as new President. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here The appointment of Lasorella has been branded as a further coalition victory for the ‘anti-establishment’ 5-Star Movement, as …

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Italian bookmakers face cruel summer as ADM sanctions shop closures

The Italian government has signalled no reprieve for embattled bookmakers, as it indicates that betting shops which have failed to pay their tax duties will be closed within the coming months. Last week, Marcello Minenna, the newly appointed Director-General of Italy’s ADM (customs and monopolies agency) begun discussions with Italy’s Guardia di Finanza (GDF – financial police unit) ‘establishing a …

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New ADM chief: Italy to keep strictest monitoring on gambling incumbents

Marcello Minenna, the new Director-General of Italy’s Custom and Monopolies Agency (ADM), has issued his first public statement to licensed gambling incumbents. Appointed during national lockdown, Minenna takes charge of the agency governing Italian gambling. In his address, Minenna announced that the ADM would imminently move to form a new taskforce with the Carabinieri (federal police) targeting illegal gambling businesses. …

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Italian betting begs for mercy on final Revival Decree conditions

Italy’s 6,000 betting shops reopened this Monday (15 June) to yet another ‘new dawn’ facing the government’s additional 0.5% wagering tax applied across all betting-related verticals (retail, digital and virtual sports). The temporary GGR tax is calculated on betting turnover and will be combined with existing net betting duties of 20% for retail, 22% for virtual games and 24% for …

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ADM reveals horror show March for Italian betting

Industry Q1 2020 figures published by Italy’s customs and monopolies agency (ADM) have depicted the grim reality of COVID-19 damages on Italian betting incumbents. Recording just 10 days of wagering activity during March, Italian betting recorded a near collapse across its retail and betting channels. ADM figures reveal that March online betting revenues (GGR) decreased to circa €49 million, representing …

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