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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.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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