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Italy To approve Online Betting Exchanges

Saturday May 11,2013 :  ITALY SET TO APPROVE ONLINE BETTING EXCHANGE ACTION
 
Another wagering concept could be liberalised before the end of May
 
Italian online punters with a yen for P2P betting exchange action could see their wish list fulfilled before the end of this month as the Italian regulator AAMS moves closer to including this wagering format in its acceptable list of betting methods.
 
May 24 is the current implementation date for the new regulations, which will see suitable companies subjected to extensive testing and inspection by testing agency SOGEI before being let loose on the Italian betting public.
 
However, the testing process is only scheduled to begin in July 2013, so practical exchange betting in the Italian market is unlikely to be in place until August or later.
 
The Italian market offers good potential to companies like Betfair and Betdaq; if accepted and licensed, they will be able to charge up to 10 percent commission on matched bets, but will have to pay a 20 percent tax on profits to the Italian taxman.
 
Maximum winnings per bet on betting exchange activity have been capped by the regulator at Euro 10,000.
 
As with other forms of online gambling, the Italian market is ring-fenced, or dedicated, which restricts player liquidity. The Italian regulator has recently been in talks with its French and Spanish equivalents in a bid to consider the benefits of shared player pools but nothing concrete has yet emerged from these discussions.
 
Home-grown competition could be formidable; the Italian software and network provider Microgame has been talking about a betting exchange product for some time, and it has collaborated with Betdaq partner Global Betting Exchange in developing a proprietary product branded People's IBEX.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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