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Following the decision of the European Court of Justice in Costa Cifone case, in order to cure the issues raised by the ECJ, the Parliament has decided (if the proposal will be eventually approved) to set up a call for tenders in relation to the award of 2,000 new betting shop licenses by the 31st of June 2012. Such licenses will be valid up to the 31st of June 2016 and the minimum price for their award will be € 11,000. The purpose of this procedure is to convert the current betting shops operating with a foreign license into legally Italian licensed shops, but represents obviously an opportunity also for new entrants in the market. Likewise the decree regarding the offering of bets on virtual events that was under the review of the European Commission has been approved and therefore it is now expected to start the procedure for its coming into force, while following an opinion from Spain the approval of the decree on betting exchanges has been postponed to the 18th of May 2012.It is interesting to see how further new opportunities are coming up in the Italian market, if you want to know more about it, feel free to contact me, Giulio Coraggio.
