Tag Archives: AgiproNews

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 nightmare continues as MPs approve new turnover tax

To the dismay of licensed incumbents, Italy’s parliament has approved the introduction of an emergency ‘turnover tax’ on betting and virtual sports wagers. The publishing of last week’s state gazette confirmed that MPs had backed amendments introducing a new ‘temporary’ 0.5% turnover tax across all betting-related verticals – online, retail and virtual sports content. The turnover tax is introduced as …

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AgiproNews Italian View – New decade brings new tax landscape

Securing approval of its first Budget Law (passed on 24 December 2019), Italy’s new coalition government anticipates collecting a further €1.1 billion in taxes paid by gambling incumbents. A new decade begins with land-based operators adjusting to a new taxation framework, with the 5Star-DP coalition having sanctioned Italian gambling fourth set of gaming machine tax hikes in just over a …

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AgiproNews Italian View: AGCOM faces coalition collision over Decree criticism

AGCOM, Italy’s communications and media authority has written a letter to the Lega-5Star coalition government stating that the Dignity Decree ban on gambling advertising should be formally reviewed. As the regulatory department tasked with monitoring licensed incumbents advertising behaviour under the Decree’s regime, AGCOM governance has warned Lega-5Star that its ban on gambling advertising is ‘unconstitutional and incompatible’ with Italian …

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AgiproNews Italian View: News tools see betting deliver a standout May…

This May was a breakthrough month for the Italian betting sector as a reported GGR of €134 million (+45% on 2018 figures) was generated by its betting incumbents. Driven by strong football betting on Serie A’s closing schedule, and the UEFA Champions League Final, a total turnover of €1 billion was reported across retail and online betting verticals. Some good …

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AgiproNews Italian View: Miseria… Italian betting faces new tax realities in 2019

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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AgiproNews’ Italian View: October highs meet an autumn of disillusion

Italian betting and gaming continues to grow, but all incumbents face tough adjustments as the Lega-5Star coalition government maintains its hostile stance against the industry. October Data published by Agenzia delle Dogane e dei Monopoli (ADM) details a further record-breaking month for Italian online gambling. As the sector heads towards its upcoming Lega-5Star blanket ban on all forms of gambling/betting …

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AgiproNews’ Italian View: ISS study outlines complex make-up of Italian problem gambling

Published this October, the Italian National Institute of Health (ISS) study on Italian gambling has shed significant light on the realities of tackling problem gambling within Italy. Undertaking Italy’s first ‘epidemiological study’ on problem gambling trends, effects and triggers, the ISS surveyed 12,000 adults, representing the nation’s most comprehensive research on gambling trends to date. Presented to the Italian Parliament …

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AgiproNews’ Italian View: Serie A sponsorship reality contradicts Luigi’s tough narrative

The new Serie A season kicked off on 18 August, with Italian football clubs securing a reported €125 million in lead shirt sponsorship revenues. According to data collected by Italian sports business news source SportEconomy’s ‘football shirt sponsor index’, Serie A football clubs continue to grow their lead partnerships, which have grown year-on-year since 2015, when combined Serie A sponsorships …

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