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Italy to Change Gambling Tax Law
Wednesday December 16,2015 : GAMBLING TAX CHANGES LIKELY IN ITALY
New Stability Law has passed its latest hurdle and is fast approaching a procedural deadline.
With a final approval deadline just weeks away at the end of December, it now appears likely that the current version of the Italian Stability Bill will be approved for implementation early next year.
This week the national Budget Committee cleared the proposal in one of its final hurdles, opening the way for approval by the Chamber of Deputies where it is due for tabling this week.
If the bill stays on track, that could see new taxes coming into effect on January 1 2016. The changes include a higher 22 percent tax rate for online sports betting operators, but on GGR instead of turnover. Their land-based equivalents will pay a lower rate of 18 percent to protect that sector of the industry.
Online casino, poker and bingo operators will face a 20 percent tax rate, again on revenue.
The Stability Bill also makes provision for a more regulated and controlled marketing environment in gambling, banning advertising between 7am and 10pm on both television and radio stations
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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