As anticipated the Lega-5Star coalition government has turned up the heat on illegal gambling enterprises and black-market actors, moving to introduce Italy’s hardest stance on unlicensed gambling activities. Last week the Italian assembly confirmed that the government could move forward with its tax charge increases across all gambling verticals, announced during the year-end close of 2018. In its update, Lega-5Star …
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Italian news sources have reported that Ian McLoughlin has stepped down as Chief Executive of SKS365 Group, the operating company of ‘PlanetWin365’ Italy’s second largest retail and online bookmaker. McLoughlin’s departure is further followed by the resignation of Angela Gemma as General Counsel of SKS365 and the exit of Aaron Meli as Group Financial Controller. The company has quickly instigated …
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Approving the Lega-5Star coalition ‘Budget Law’ on the weekend before Christmas, Italy’s Senate has delivered coal to betting stakeholders’ festive stockings, as a miserable 2018 closes its curtains. From 1 January 2019, Italian land-based and online gambling incumbents will have to undertake a number of quick adjustments to a new tax reality, as Lega-5Star seeks to collect circa €700 million …
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The European Court of Justice (CJEU) has delivered its judgement on Stanleybet’s challenge of the Italian Customs & Monopoly Authority – ADM’s sole lottery concession model/framework. The CJEU rejected the joint appeal of Stanley International and Stanleybet Malta, which stated that the Italian government and its regulatory counterparts had denied betting incumbents services by enforcing an ‘exclusive national concession’ for …
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Italian gambling has been rocked by the anti-Mafia taskforce investigation into illegal/fraudulent gambling activities conducted across Southern Italy. This November, the anti-corruption taskforce of the financial and federal police had conducted eighty search warrants arresting sixty-eight suspects on charges of corruption and fraud. The criminal investigations targeting the coastal cities of Catania, Reggio Calabria and Bari, are reported to have seized assets worth …
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Pointing to research undertaken by Italy’s National Institute of Health (ISS), Italian online gambling trade body LOGiCO has stated that digital incumbents are better prepared than land-based counterparts to protect national consumers from gambling harms and addiction. “ISS’ evidence and statistics, confirms what LOGiCO has maintained for some time, online gambling verticals offer better procedures for identifying problem gamblers and …
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Following public consultations with industry associations and legislative concessionaires, Italian regulator Agenzia delle Dogane e dei Monopoli (ADM) has confirmed that it will push through new anti-money-laundering (AML) standards for the Italian betting sector. The ADM details that it decision follows, a 26% increase in online gambling AML alerts recorded by the Italian Financial Authority. Furthermore, the Italian betting regulator …
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April has been a consequential month for all Italian betting stakeholders, as leading industry technology provider Playtech Plc, increased its market presence undertaking the €850 million outright acquisition of SNAITECH technologies and retail betting points. Thus far this 2018, it appears that Italian betting is finally moving forward, as the market proves its capacity for both foreign and domestic incumbents. …
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After decades of decline, Italian horse racing has been thrown a lifeline in the form of the country’s latest Budget Law. Most notably, the turnover-based tax regime that has been so detrimental has been replaced by a new gross gaming revenue (GGR) tax. The GGR tax regime for horse racing is based on that already implemented in the sports betting …
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Sports betting platform and software provider SBTech has informed the market that it has successfully passed its compliance review by the Italian Agency for Customs and Monopolies (ADM), allowing for the firm to provide online betting provisions for the regulated Italian market. Confirming its ADM certification, SBTech has moved to launch its first Italian sportsbook in partnership with European operator …
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