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Gambling: Further liberation of the Italian market in store
The Italian government has initiated a drive to further liberate the country's remote gambling sector by framing new legislation extending licensing to online poker cash games, casino games, betting exchanges and betting on virtual events.
The goal is to submit the proposed laws to the European Commission within the next few months in the hopes of having the law in place by the end of 2009, the head of remote gaming at regulator Amministrazione autonoma dei monopoli dei Stato (AAMS), Francesco Rodano has revealed.
Italy currently licenses online poker tournament games and fixed odds sports betting.
Rodano has suggested that the tax levels for the new online games would be set at 20 percent of gross profits tax, higher than the current 4.5 percent tax on gross gaming revenues in sports betting, and the 3 percent in respect of ggr for poker tournaments and skill games. The rationale for this turns on differing payout ratios
“In tournament poker we can therefore take 3 percent of gross gaming revenues but that would not work in cash games as the operator takes a rake off every pot," Rodano explained. "We will therefore take the tax off operators’ rake; this will allow them to set the rake at commercially viable levels."
Italian online gambling is currently restricted to Italian punters on "internal" networks, but the quest for greater player liquidity has apparently prompted operators to lobby the government to open the closed system to international operators.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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