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Italian Gambling Tax To Remain The Same
Monday April 15,2013 : NO TAX INCREASES ON INTERNET GAMBLING IN ITALY, SAYS AAMS CHIEF
New boss Luigi Magistro gives a welcome assurance
The Italian government is unlikely to make the same mistakes as that in France by over-taxing online gambling, it appears from statements this week by the new chief of regulator Amministrazione Autonoma Monopoli di Stato (AAMS).
New incumbent Luigi Magistro gave the assurance that there are no plans to introduce additional taxes on internet gambling when he attended the European Social and Economic Committee get-together in Brussels.
Magistro commented that sensible and reasonable levels of taxation were essential if operators in the Italian market were to remain motivated and competitive with unlicensed and illegal operators offering Web gambling to Italian gamblers from offshore bases.
The Italian government has done rather well out of the dedicated Italian online industry, which last year delivered a Euro 2.2 million proportion of the Euro 8 billion collected in general gambling tax revenues.
The energetic Italian executive is keen on introducing a thorough and definitive study on problem gambling in the Italian online sector, which he plans to personally oversee in order to develop a factual and accurate assessment of the issue and what needs to be done about it.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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.
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