Tag Archives: Italy

ADM orders Italian operators to drastically improve PVR management duties

Italy’s ADM, the Agency of Customs and Monopolies, has notified licensed operators and retail merchants that it will apply new measures to control Punto Vendita Ricarica (PVR) – retail points of sale for gambling concessions.  The government agency charged with gambling regulation and oversight stated that it wanted to apply a better monitoring of PVRs offered by Internet cafes, bars, …

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ADM ordered to clarify laws on esports gaming venues

Italy’s Agency of Customs and Monopolies (ADM) has caused uproar in the esports community by shutting down three ‘digital entertainment venues’ located in the North of Italy.  The government agency that oversees gambling policies across Italy’s 20 regional provinces shut down the ‘three gaming halls’ that were deemed to have ‘lacked any form of authorisation, licence and concession’. The venues …

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Italy’s fiscal ministries ponder 1% betting turnover tax charge 

To the dismay of Italian bookmakers, Valentina Vezzali, Undersecretary for Sports, has secured a debate on the introduction of a fixed 1% tax on betting turnover. The Sports Minister is reported to have held a meeting with Italy’s fiscal ministries to examine a further tax rise on betting incumbents. In attendance were representatives of Italy’s Treasury and gambling regulator ADM …

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888 nets 5x profit jump ahead of critical B2C portfolio enlargement 

888 Holdings has branded 2021 as a year of ‘strategic progress’, in which the company has realised its transformative objective to become a global leader in online betting and gaming.  Full-year 2021 trading saw 888 register record group revenues of $980 million, up 15% on corresponding FY2020 results of $850 million. Headline growth was achieved despite 888 countering “$70-100 million …

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Italy: Points of conflict stand on path to gambling reorganisation 

Italian gambling has been notified of progress on the regulatory front, as state auditor Ragioneria dello Stato has approved the draft ‘reorganisation plan’ of the sector prepared by Italy’s Ministry of the Economy and Finance.  Securing its progress, the plan has been forwarded to the government, which will review proposed amendments to ratify a bill that will be designated to …

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Flutter bears £288m loss as FY2021 stumbles on Stars M&A impairment

Flutter Entertainment Plc maintains confidence in expanding its leadership position across  all global markets, despite declaring full-year operating losses of £288 million.   The FTSE100 betting group detailed that its full year group revenue increased by 37% to £6.04 billion (2020: £4.4bn), although group EBITDA declined by 6% to £723 million from the previous year’s figure of £772 million.  In particular, …

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Economic Ministry proposes new market safeguards to move Italian gambling forward 

Hope dawns for a much-needed reform of Italian gambling, as the Ministry of the Economy and Finance is reported to have taken charge of a ‘reorganisation plan’ to implement an overhaul of market safeguards.  Despite securing cross-party consensus during the close of 2021, Italian MPs failed to approve any gambling reforms to be adopted by Italy’s Budget Law for 2022. A …

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IGT overhauls leadership as Marco Sala takes over Chairman duties

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

IGT Plc has executed an executive team and boardroom reorganisation, as Group CEO Marco Sala is appointed as Executive Chairman of the NYSE gambling technology group.  The appointment follows wider group developments, that saw IGT majority owner De Agostini SPA announce that Lorenzo Pellicioli had chosen to end his sixteen-year tenure as CEO of the Italian investment conglomerate. B&D Holding …

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Winning Post: Appeasement on advertising helps nobody

Regulus Partners warns that early 2022 regulatory developments have set a dangerous precedent on the future of gambling advertising. Despite visible flaws across multiple jurisdictions, operators should defend their right to advertise rather than face the dire consequences of caving into regulatory appeasement… The New Year has opened with a number of threatened or delivered changes to gambling advertising. Gambling …

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2022 Budget Law holds no reforms for Italian gambling

Italy’s Budget Law for 2022 has been approved without any gambling sector amendments being adopted by Parliament. The result will see no legislative progress for Italy’s gambling sector that requires definitive resolutions on betting shop, gaming machine and online gambling concessions. Without Budget Law amendments, 2022 points to another year of conflict between operators and Italy’s Customs and Monopolies Agency …

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