Betfair has been provided bleak options by Italy’s ADM customs and monopolies agency as to how it should calculate Italy’s temporary turnover tax on its ‘Exchange’ betting product. Last summer, the Italian government imposed a 0.5% turnover tax across all sports wagering verticals (retail, digital and virtual sports) – a year-long measure approved as part of Italy’s ‘Covid Revival Decree’. The decision …
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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. …
Read More »AgiproNews Italian View – Who can save la ippica?
Italian business waits for parliament to publish its ‘Revival Decree’ outlining the terms and conditions attached to sector-specific rescue packages sanctioned by the government. Having handled the epicentre of Europe’s coronavirus outbreak, Italy enters ‘phase two’ of its lockdown procedure allowing bars, restaurants and further commercial properties to reopen obeying social distancing orders. Meanwhile, in Rome, the Chamber of Deputies …
Read More »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 …
Read More »Italian sports calls to halt ‘Decree restrictions’ but government won’t listen
Leadership of Italian sports has urged the government to restore betting advertising for a 12-month period to support professional leagues, sports clubs, athletes and relevant stakeholders navigate COVID-19 disruptions. The call for a temporary suspension of Dignity Decree provisions on gambling advertising and sponsorship has been led by LEGA Serie A governance. Since July 2019, all Italian sports leagues have …
Read More »AgiproNews Italian View – Retail lockdown sees betting face months of trauma
Complying with the Italian government’s ‘Public Health Decree’ sanctioned on Sunday 8 March, Italian gambling has officially gone into lockdown. The country at the centre of Europe’s COVID-19 pandemic has seen all retailers ordered to temporarily shut apart from food stores and pharmacies, as PM Giuseppe Conte enforces the toughest public stance minimising the spread of the virus and its …
Read More »Newgioco limits Italian retail presence amid COVID-19 chaos
Issuing a corporate filing, Nasdaq-listed US Italian betting group Newgioco has confirmed that it has temporarily closed 150 of its betting shops located throughout Italy. Newgioco stated that the shop closures were undertaken complying with the Italian government’s ‘public health decree’ sanctioned on 8 March, as the nation’s health and emergency networks combat the COVID-19 virus epidemic. A week of Italian COVID-19 …
Read More »Playtech shuts down Snaitech’s retail profile respecting Italian COVID-19 decree
Issuing a corporate filing, the governance of FTSE250 Playtech Plc has updated investors on its Italian market contingencies countering the COVID-19 virus outbreak. Stating that ‘Italy faces its darkest hours’, on Sunday night (8 March) Prime Minister Giuseppe Conte signed a decree that enforced severe restrictions on the movement of 16 million people within the regions of Lombardy and 15 …
Read More »MGA seeks to strengthen cooperations as Malta Politics is rocked by further corruption claims
Michele Magro, General Counsel of the Malta Gaming Authority (MGA), has confirmed that the regulator will work with Italy’s ADM Customs Agency and further authorities to ‘eliminate criminal infiltrations in online gambling’. Magro confirmed to Italian betting news source AgiproNews that MGA officials had met with Italian counterparts in Rome to discuss regulatory cooperation and further information sharing to strengthen …
Read More »Italy’s new coalition hikes taxes again on machine revenues
No respite will be offered to Italian gambling incumbents, as the newly installed 5Star-DP coalition government confirms the fourth set of tax hikes on gaming machines sanctioned over the past year. Inbound with 5Star-DP’s first ‘Budget Law’ decree, Italian gambling faces an increase in video lottery terminals (VLT) turnover tax to 9% – formerly set at 7.9%. Meanwhile, arcade operators …
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