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Italian Finance Minister Approves Betting Exchanges
Friday March 22,2013 : OPERATORS HOPEFUL ON ITALIAN ONLINE EXCHANGE BETTING
Finance Minister's approval is another step forward
Hopes that the Italian regulator AAMS will permit online betting exchange action in that dedicated market were boosted this week by the news that Italian finance minister Vittorio Grilli has indicated he has no problem with the concept.
According to Agipronews, on Thursday minister Grilli signed a ministerial decree regulating P2P or exchange betting, which AAMS will implement following a Court of Auditors process, SOGEI financial testing requirements and publication in the official government gazette.
Agipro reports that the betting exchange action will be confined to Italy, and could be available before the end of 2013.
The British betting exchange pioneer Betfair will be among early applicants, with Agipro quoting company exec Martin Cruddace as saying:
"There are still many steps to be completed, but the Italian customers can now look forward to access to an important betting product."
Other betting exchanges likely to be interested may include Betdaq, recently acquired by Ladbrokes
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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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