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More liberalisation For ITalian Online Bingo
Friday January 18, 2013 : FURTHER LIBERALISATION PLANNED FOR ITALIAN ONLINE BINGO
EC approved regulations could be implemented as early as mid-year
Italian online bingo punters should see further liberalisation soon - perhaps as early as mid-year - which includes permission for operators to offer other games and slots on their bingo websites.
Regulator AAMS plans to run a consultation initiative ending the third week in February, leading to the implementation of more liberal regulations towards June-July.
The online bingo sector in Italy saw revenues plunge by more than 34 percent to just Euro 3 million recorded in June 2012.
The overhaul of the nation's declining online bingo sector took place last year, with draft regulations submitted to the European Commission for approval around September. The Commission has since approved the changes, which should enable operators to boost revenues by offering players more variety and interest.
The changes include provisions for a minimum ticket price of Euro 1 cent a game ranging up to Euro 10 a game. Other changes include permission to introduce new types of bingo and jackpot offerings.
Industry experts in the sector have noted that side games on bingo sites can boost revenues very significantly, but there will be little relief for bingo operators from a tax perspective - high taxation (11 percent plus a 1 percent SOGEI fee) will continue to make viable business difficult with a minimum 70 percent return to players requirement.
However, in comparison with their land counterparts, Italian online bingo operators are better off. Land bingo operators pay 20 percent on turnover plus a 3.8 percent SOGEI fee, although their minimum return to players is lower at 58 percent.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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