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As anticipated in a previous post (Cash Games and Casino Games in Italy: the long wait is over), the Italian Gaming Authority has issued the decree regulating online poker cash games and casino games.
Following the successful performance of the required technical authorisation process, Italian licensed operators will be able shortly to offer these new games, which are expected to represent the greatest development in the European gaming market in 2010.
Indeed, such change follows the launch of online skill games (that allowed only tournament based poker games) in 2008 that led Italy to become the greatest online gaming market in Europe, and – according to a market analysis – the launch of poker cash and casino games alone will generate a turnover of respectively €5bn and €3bn in 2010.
This development is likely to encourage more and more operators to enter into the Italian gaming market and such decision will be eased also by the circumstance that the decree regulating the new Italian online gaming licenses – expected to be issued during the next months – will allow operators to locate their legal seat and equipment in any country of the European Economic Area, or in any other country (e.g. Isle of Man, Alderney etc.) that will enter into bilateral agreements with the Italian Gaming Authority.
This means that licensed operators will only be obliged to pay Italian gaming taxes, while they will pay the corporate taxes of the country where they are established.
Given the expected size of the poker cash games and casino games market in Italy, current Italian licensed operators are working non-stop to be among the first ones launching such games and new entrants are reviewing the best strategies to be active in the market under an Italian gaming license in the shortest possible term. Indeed, the increase in the turnover of the Italian gaming market is likely to be accompanied by the implementation of more stringent measures by the Italian Gaming Authority to block the offer of games by operators non-holding an Italian gaming license.
Do you need any information about the Italian regime governing online casino and poker cash games? Feel free to contact me, Giulio Coraggio.
Do you need any information about the Italian regime governing online casino and poker cash games? Feel free to contact me, Giulio Coraggio.
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