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Copyright Giulio Coraggio 2018

gaming

AAMS, the Italian gambling authority, has notified to the European Commission the draft decrees regulating betting exchange games and bets on virtual events. These decrees have been long awaited from the approval of the so called Abruzzo Decree in 2009 that set out the tax regime applicable to both games which will be 20% of the gross profits with the peculiarity that, according to the current bill, in relation to betting exchange games the operator will be entitled to collect a...

With more than 2 years of delay the coming into force of regulations allowing betting operators to offer events different from those set forth in the official AAMS schedule (the so called "palinsesto") and on virtual events seems to be closer.Indeed, the peculiarity of Italian sportsbetting regulations is that operators can offer only the events and the types of bets listed in the official AAMS schedule that also validates the relative results. As a consequence of that the competition between...

Anti money laundering obligations for online gaming operators are usually underestimated by operators. Entities applying for an Italian remote gaming license sometimes ignore that, despite the establishment of their company abroad, they have to comply with the very stringent Italian anti-money laundering regime.Indeed Law 231/2007 implementing in Italy the EU Directive 2005/60EC provides specific privisions for both online and land-based gaming operators listing the types of data to be collected and the term for which they have to be collected....