Another year, another Italian political crisis, as Matteo ‘il Capitano’ Salvini (Deputy PM) chooses to abandon the Lega-5Star coalition ship, leaving Italy on course to an unknown destination. At the time of writing, Italian Prime Minister Giuseppe Conte has declared his resignation, choosing to avoid a certain vote of no confidence served by Salvini and the far-right populist Lega party. …
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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 …
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As anticipated the Lega-5Star coalition government has turned up the heat on illegal gambling enterprises and black-market actors, moving to introduce Italy’s hardest stance on unlicensed gambling activities. Last week the Italian assembly confirmed that the government could move forward with its tax charge increases across all gambling verticals, announced during the year-end close of 2018. In its update, Lega-5Star …
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Italian news sources have reported that Ian McLoughlin has stepped down as Chief Executive of SKS365 Group, the operating company of ‘PlanetWin365’ Italy’s second largest retail and online bookmaker. McLoughlin’s departure is further followed by the resignation of Angela Gemma as General Counsel of SKS365 and the exit of Aaron Meli as Group Financial Controller. The company has quickly instigated …
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Italy’s betting market continues to grow, despite facing a number of future obstacles combined with further regulatory uncertainties under the governance of the Lega-5Star coalition government. During August, Italian betting recorded total gross-gaming-revenues (GGR) of €111 million, representing a 34% increase on corresponding 2017 results. A breakdown of August GGR figures sees growth in retail betting to €61 million (+41%), …
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