Italy incorporates new betting rules
Italian gaming regulator AAMS has initiated new rules that would see the sports betting restrictions being loosened while the internet café sees tougher restrictions. The association had claimed to give betting operators freedom to set the initial waging amount on clients but it seems that this has come early.
For a long time now, the AAMS has had tight rules regarding the wager its licensed operators could accord to its clients as well as the acquisition of the verification certificate. Back in 2013, the regulator was lenient in allowing the operators to give its clients a vast wage type but the AAMS certificate still counting.
However, operators raised concerns over the delay of the AAMS in according them with waging certificate especially the lower-tier league results which prompted a delay in the clearance of a bet to a client. This made bettors avoid betting in any operator licensed by the Italian regulator.
AAMS has however accorded its operators to award their clients with glamorous bets that will come with simple rules. Nonetheless, they would not be allowed to offer bets in regards to the court ruling, personal lives or that goes against the public order as well as public morality.
In other news, the Italian government has initiated a program that would see over 120 operators accorded with gaming license costing €200k each as from the 31st day of July 2016. These licenses will expire after six years.
Next summer sees the expiry of the land-based licenses and Italy has the scheme to accord 10k renewed shop licenses with a bid starting at €32k each. There will also be the awarding of 5k ‘betting corner’ licenses which is deemed as a betting kiosk for instance tobacconist as opposed to the main function of gaming offered by the betting shops that will see their bid starting at €18k. These licenses would expire in nine years’ time.
Internet cafes that are referred to as the CTDs will, however, face strict restrictions. The regulator has given them until the 30th day of June to have operational licenses or else the foreign-based CTDs with branches in Italy will be accorded with a heavy taxation of 25% on each transaction conducted.