Italian gambling market
It’s a very exciting time in the Italian gaming market with the recent and upcoming regulatory changes accompanied with the new licenses that might lead to an earthquake in the market. What happened in the first months of ? The new year started with a new tax regime for sportsbetting and. The reconfigured Italian market's is working so far, showing a jump of almost one third for according to just released figures. Robust Growth. It's a very exciting time in the Italian gambling market with the gaming law changes accompanied by the new online licences.
Gambling in Italy
Such activities required a special license and police authorization. Skip to main content. Second was Sisal at 9. You can view the full agenda on the following link. But the upcoming gaming law changes are not over. Such changes occurred a few months before the completion of the full liberalisation of the sports betting market. Sports-betting, lotteries and some other activities fall into the category of legal and regulated gambling activities.
Italian gambling market in the focus at the European Gaming Congress 2018
The reconfigured Italian market's is working so far, showing a jump of almost one third for according to just released figures. These healthy figures for activity and operating profits are highly encouraging, after some growing pains in adopting a new regulation model. The best performer in the Italian gaming sector was sports betting. The poor sister here remains online poker. Italian online poker showed a loss of 4. Online bingo also slumped, falling 7. As for individual operators, Lottomatica successfully defended its position as Italy's leading online gaming operator with Second was Sisal at 9.
William Hill experienced the biggest month-on-month decline for the year among online casino operators in Italy, falling from a share of 9. The rest of the top 10 rounds out with Snai 6. Good for EU Too. For a country that as recently as last year was struggling to implement sports betting amid concerns about its ability to achieve a sustainable regulation landscape, this is a huge validation.
It also bodes well for the diversification of regulation and adaptability across all EU markets, which can take the land of the boot as an example when looking at online gambling legislation. Pdf version of the magazine - click here.
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Gambling in Italy has existed for centuries and has taken on many forms. The history of gambling in Italy dates back to the days of the Roman Empire , when the predecessor of the modern backgammon , Ludus Duodecim Scriptorum became popular among the Roman legionnaires. It is also due to them that the game came to other European countries.
It was in Venice, that in the first gambling house " Ridotto " was opened. It was sanctioned by the government aiming to control gambling activity of the citizens.
Although the admission to that gambling house was free, only rich people could afford to play there, because the stakes were high. The games played were biribi resembling lottery and bassetta. Both games had a very high house edge. In "Ridotto" was closed which resulted in the growth of popularity of the closed gambling clubs.
These clubs were called 'casinos', so the word ' casino ' itself is of Italian origin. Baccarat originated in Italy in the 15th century. The Italian Criminal law proclaims gambling illegal, be it organized in a public place, an open-to-public place or a private club. At the same time, according to the Italian law, there's a difference between the games of luck and games where the outcome depends on the player's skills.
Sports-betting, lotteries and some other activities fall into the category of legal and regulated gambling activities. Only the State has the right to allow gambling. The punishment for breaking the law ranges from fines to imprisonment. Italy has come a long way from totally prohibiting all gambling activities, to legalizing some of them under certain conditions. The main reason why the Italian government adhered to strict rules was the desire to avoid the possible negative effects associated with the industry.
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