Italian gambling industry
A casino is a facility which houses and accommodates certain types of gambling activities. The industry Casino is of Italian have some form of casino gambling. Gambling has been, at the very least, a simmering topic of relative discontent in Italy for some time now, and it’s only going to get hotter and harder to . Italian cities with the highest cash inflow from sports betting placed in betting agencies in January (in million euros) Gambling Industry in the U.S.
Gambling in Italy
The "Comunitaria" decree February was a real breakthrough for the gambling industry in Italy. In the second area, we refer to in-game betting and VLTs, which have been driven by technological innovation. As of November , the blacklist of websites that didn't have Italian licenses and should have been blocked, contained websites including sites run by operators licensed in other EU states. Webarchive template wayback links Articles containing potentially dated statements from All articles containing potentially dated statements All articles with vague or ambiguous time Vague or ambiguous time from December Articles with Curlie links Wikipedia articles with GND identifiers. This is one of the main benefits of the merger between Snai and Cogetech.
In the last 15 years, in terms of gaming regulation, Italy has been one of the most active countries in Europe. The Italian model amounts to a concession-based environment, and one that is open to national and foreign operators through public tender procedures. On the other side, ADM has created the conditions for the development of significantly more operators choosing to enter the market with long-term investment plans.
Nowadays, the Italian gaming market is a consolidated environment, attracting an increasing number of foreign investors. Schiavolin led the company for more than a decade and, under his leadership, Cogetech grew exponentially, thanks to its close-knit, young and dynamic team. By , Cogetech was in a position to respond to increasingly complex customer requirements and entered the business of added value services and convenience payments with Paymat Servizi, a secure and efficient technological platform fully developed in-house.
This path of growth recently bore witness to an important milestone when, in November , Cogetech merged with Snai, the sports and horse racing betting leader in Italy with years of history. This new group, which has great plans for further development, was entrusted to Schiavolin. Starting at the end, how did the Snai-Cogetech merger come about? The merger is not the end, but rather the beginning of a new story.
In November , Snai Group completed the acquisition of Cogemat Group in a non-cash operation, in which former Cogemat shareholders entered into the new Snai Group shareholder structure. This combination, one leader in sports and horse racing betting, the other strong in the gaming machines business and in retail betting, has created the biggest public gaming company in Italy, listed on Milan stock exchange. The thinking behind the merger was to combine the strengths of the two and give life to a group able to play a starring role in the industry, both in Italy and abroad.
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As the second largest European gambling market after the United Kingdom, Italy faces some quite similar challenges. The government also tendered new online gaming licenses recently, with a week to go before the application deadline closes. Just as in the UK, however, there are issues in the Italian gaming industry surrounding the prevalence of gambling advertising, a lack of treatment of problem gambling, gambling adverts and games designed to appeal to children and children having ready access to gambling terminals and, of course, corruption and illegal activities, such as money laundering.
There is action against this stuff, even cross-border action, so the jurisprudence system along with policing is working to combat such activities. Even today, just hours ago, the news broke that a number of gambling operators have surrendered their Maltese gaming licenses due to their involvement in an ongoing wave of investigations into possible Mafia and organized crime connections, according to the Times of Malta. Specifically, the Maltese Gaming Authority is investigating five operators regarding these links, two of whom have reportedly already had their licenses revoked by the MGA after being mentioned in an Italian anti-Mafia police probe.
Three more companies were reported by the Times of Malta as having voluntarily surrendered their licenses after hearing of their mention in the probe, which is looking into possible money laundering activities going on in Malta on behalf of criminal organizations from Italy. The same paper has reported on other related issues in the past, such as money laundering connected to horse-racing activities. There have also been a number of match fixing scandals across the Boot. Various local legislatures have pushed back, mandating that gambling venues be located a set distance from schools and other public areas, although some of these new gambling regulations are reported locally as not having been upheld by local authorities.
This pledge of reduction was made in late by then-Prime Minister Matteo Renzi, who promised to reduce machines, particularly in bars, cafes and shops. The worse the public feels about gambling, the worse that is for the firms in the industry, both big and small. A report suggested up to 1. With the Italian elections leaving uncertainty about what kind of coalition might be formed, or whether there might even be a call for fresh elections, one thing is very clear: Nobody is yet sure what will happen there or in similar endeavors.
The Five Star Movement are of course the biggest winners in this recent election, splashing their yellow all over the map and capturing a massive They frequently present themselves as champions of the poor, and in those terms, gambling is a serious social issue for them. But they also badly need income from the sector to fund their budgets, so, as usual for politicians, they are in a tough spot in navigating their relationships with the industry.
Following the Star Wars Battlefront 2 microtransaction debacle, last week the Belgium Gaming Commission launched an investigation into whether loot boxes came under their purview. Elsewhere in the world, Hawaiian politicians have spoken out, calling for legislation to end the sale of loot boxes to minors.
So, will we be seeing greater restrictions on what games companies are allowed to sell any time soon? We will absolutely try to forbid it. Only if this becomes a concerted international movement against video games gambling would things change. The chances of that happening seems very low.
Here are the highlights from the press conference he gave on Monday November 21st. This is something we need to address to ensure that particularly kids who are underage, who are not psychologically and emotionally mature enough to be able to gamble — which is why gambling is prohibited under 21 — are protected from being trapped into these cycles which have compelled many folks to spend thousands of dollars in gaming fees online.
This is the appropriate time to make sure these issues are addressed before this becomes the new norm for every game. Agreement over whether loot boxes constitute gambling is far from unanimous. In response to questions from a Cambridge MP about loot boxes and gambling laws, the UK Gambling Commission pointed to a paper from March this year that lays out the governments stance on gambling within games.
That ties in to how UK law stipulates that gambling requires the possibility of spending money and gaining nothing, as Eurogamer found in their excellent investigation into the matter.