Tag Archives: Italy

Altenar targets cash out edge for Italian market

Cash Out

Sportsbook software provider Altenar has welcomed reports that Italian sports betting operators will soon be allowed to offer cash out functionality to customers on a trial basis. According to Italian news agency Agimeg, this cash out introduction will arrive alongside another positive regulatory reform for operators, enabling them to cancel the payout of winning single bets emanating from ‘clearly wrong …

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BetConstruct secures ADM approval for Italian market

BetConstruct - Law and justice in Italy concept with a 3d rendering of a gavel on a wooden desktop and the Italian flag on background.

BetConstruct has made the latest licensing list for the Agenzia Dogane Monopoli (ADM) – the agency responsible for both the collection of taxes and the protection of citizens’ rights through gambling licensing and regulation in Italy. Trading as Vivaro Limited, the Online Gaming Licence will enable BetConstruct to deliver online sports betting, horserace betting, casino games and poker, as well …

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SKS365 appoints Bepi Pezzulli as corporate legal counsel

Continuing its senior executive restructure, Italian betting group SKS365 has confirmed the appointment of Giuseppe “Bepi” Pezzulli as new General Counsel. Pezzulli takes charge of SKS365 legal representation and corporate compliance frameworks, following this January’s departure of former incumbent Angela Gemma, who retired from SKS365’s executive management team alongside departing Chief Executive Ian McLoughlin. A seasoned legal executive in corporate …

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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 …

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LeoVegas sets 50% regulated market revenue target for 2019

The end of a long and ultimately successful road towards gambling market liberalisation in Sweden has put one of its own – Stockholm-listed LeoVegas AB – on target to break the 50 per cent barrier for revenues derived from regulated markets. ________________ LeoVegas has told SBC Magazine that it expects to derive more than 50 per cent of its revenues …

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Lega-5Star toughens policing code against gambling bad actors

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 Senate undertakes first moves at classifying & clarifying Blockchain

Replatz - Copyright: niroworld / 123RF Stock Photo

Seeking to expand its regulatory frameworks for new technology disciplines, the Italian Senate Committee for Corporate Affairs has approved the nation’s first blockchain focused legislative directives. The draft mandate aims to deliver an initial legislative framework for technologies and IT systems, which operate financial transactions/engagements/exchanges through decentralised registries, ledgers or crypto-based protocols. Developing its first legislative proposals, the Italian Senate …

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Betaland returns to business having been granted Galassia concession

Two-factor

OIA Services LTD, the Malta-based holding company of Italian betting operators ‘Betaland’ and ‘Enjoybet’ has been allowed by magistrates to unfreeze its business verticals. Both Betaland and Enjoybet brands had been placed under investigation by the joint ‘Galassia’ taskforce formed by the Italian police and financial authorities’ investigating multiple charges of corruption, fraud and money-laundering. Since November 2018, the digital …

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Sky Bet freezes Italia property preparing for Stars transition

Sky Betting & Gaming (Sky Bet) has frozen user access and transactions to its Italian sports betting property – Sky Bet Italia (SkyBet.it), as the online gambling group prepares to merge its assets with new owner The Stars Group Inc. Sky Bet has confirmed to SBC, that it has no plans to withdraw its brand or services from the Italian …

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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 …

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