Tag Archives: 5Star

Italy seeks to shrink its online gambling field by 2023

Tightening control of Italy’s online gambling marketplace, the 5Star-DP coalition government seeks to reduce the number of incumbents participating in the market by 2023. Attached to 5Star-DP’s first Budget Law decree, the coalition government seeks to reduce the total number of Italian online gambling licences to 50, from its current 85 concessions. The proposed revision has been communicated by Italy’s …

Read More »

Italy’s new coalition hikes taxes again on machine revenues

No respite will be offered to Italian gambling incumbents, as the newly installed 5Star-DP coalition government confirms the fourth set of tax hikes on gaming machines sanctioned over the past year. Inbound with 5Star-DP’s first ‘Budget Law’ decree, Italian gambling faces an increase in video lottery terminals (VLT) turnover tax to 9% – formerly set at 7.9%. Meanwhile, arcade operators …

Read More »

Italy calls for toughest stance governing gambling transactions

Italian gambling incumbents are set to undertake further market adjustments, as the new 5Star-DP coalition government publishes the draft decree of its planned ‘Budget Law’. Following on from 2019’s gambling advertising ban established by the former Lega-5Star coalition government, in 2020 Italy will move to establish new payment processing laws and operator AML registry. New fiscal provisions introduced to the …

Read More »

AgiproNews Italian View – Can DP make sense of Italian gambling

“Action against problem gambling will be reinforced” – proclaims the new program of the ‘centrist left’ coalition cabinet led by Prime Minister Giuseppe Conte, formed by the 5Star Movement and Italy’s Democratic Party (DP). Following intense debate and opposition by former coalition incumbent Lega, Italy avoids thus far a further constitutional crisis, as Rome’s lower house approves the formation of yet another …

Read More »

AgiproNews Italian View: AGCOM faces coalition collision over Decree criticism

AGCOM, Italy’s communications and media authority has written a letter to the Lega-5Star coalition government stating that the Dignity Decree ban on gambling advertising should be formally reviewed. As the regulatory department tasked with monitoring licensed incumbents advertising behaviour under the Decree’s regime, AGCOM governance has warned Lega-5Star that its ban on gambling advertising is ‘unconstitutional and incompatible’ with Italian …

Read More »

AgiproNews Italian View: News tools see betting deliver a standout May…

This May was a breakthrough month for the Italian betting sector as a reported GGR of €134 million (+45% on 2018 figures) was generated by its betting incumbents. Driven by strong football betting on Serie A’s closing schedule, and the UEFA Champions League Final, a total turnover of €1 billion was reported across retail and online betting verticals. Some good …

Read More »

AgiproNews Italian View: Can new faces commit to Italy’s hazardous playground

Amid a frantic Italian gambling scene, in which its incumbents make drastic adjustments to a new tax regime and tougher regulatory demands imposed by the Lega-5Star coalition government, this February Italy’s ADM published its updated online licensee registry. In 2019, Italy’s online gambling marketplace will accommodate 66 licensed operators, as the Italian tax authority secures €13.2 million in licensing concessions, …

Read More »

Lega-5Star ‘ready to move’ on amateur sports wagering blackout

Speaking to national media, Lega MP Giancarlo Giorgetti – Italy’s current undersecretary for sports – has stated that the Lega-5Star coalition government will likely implement a ban on amateur sports wagering. Giorgetti underlines that Lega-5Star’s ‘Dignity Decree’ mandate on reforming Italian society has solely impacted betting/gambling operators at a market level, but that tougher policies are needed to wipe-out sports …

Read More »

LOGiCO praises AGCOM common sense on betting sponsorships

Italian online gambling trade body LOGiCO has praised, Italy’s communications agency AGCOM for implementing a common sense approach in its judgement of betting sponsorship restrictions imposed by the Lega-5Star coalition government’s Dignity Decree. Last week AGCOM supported Serie A governance in its appeal to clarify betting sponsorship restrictions which were set to be implemented from 1 January 2019. In its …

Read More »

LOGiCO calls for operator self-discipline in final months of Italian advertising

Moreno Marasco, the President of Italian online betting/gambling trade body LOGiCO has penned an open letter to industry leadership urging for ‘self-discipline during Italy’s transitional advertising period’. Though all Italian betting stakeholders, face tough adjustments to meet the demands of the incoming (1 January 2019) Lega-5Star ‘Dignity Decree’ banning all forms of gambling advertising, LOGiCO pleads for restraint and responsibility. …

Read More »