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New Italian Online Gambling Regulations
Posted 3/10/11 : New regulations will further open up the market
Thursday is a landmark day for the Italian online gambling sector, with the government expected to gazette and bring into force new regulations further opening up the market to poker cash games and internet casino action.
It's been three years since the Italian government adopted a more realistic and pragmatic approach to online gambling, introducing a strictly regulated domestic industry that has since burgeoned into one of the most lucrative and successful in Europe under the regulatory authority of the AAMS.
After some delays caused by litigation now settled, AAMS last month published the legal decree making the latest changes, which permit online poker satellites and tournaments with buy-ins maxed at Euro 250. At least 90 percent of prize pools must be returned to winning players.
Operators pay a 20 percent tax on gross gaming receipts in the Italian market.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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