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The hottest topic in the Italian gaming market during this week is the scandal related to the fixed football matches. Indeed according to the information available on the press some football players, including famous ex players, were involved in a criminal organization fixing matches on which illegal bets were placed.
This news was coupled with the publication by some websites of data on bets illegally placed by Italian players on websites run under a non-Italian licence. Indeed Italian law requires that operators hold an Italian licence to be able to offer games to players located in Italy and sanctions the breach of such obligation with the imprisonment up to 3 years.
This news was coupled with the publication by some websites of data on bets illegally placed by Italian players on websites run under a non-Italian licence. Indeed Italian law requires that operators hold an Italian licence to be able to offer games to players located in Italy and sanctions the breach of such obligation with the imprisonment up to 3 years.
According to the press, the turnover generated by the offering of bets to Italian players through non-licensed websites is € 2.5 billions against the turnover of € 1.35 billions of online fixed odd sports betting games in 2010.
What will happen next? It is likely a firm reaction and stringent checks by the Italian gaming authority on bets placed and unlawful betting activities. Likewise operators that will enter into the Italian market following the award of the new Italian remote gaming licences will put pressure on the Italian gaming authority to ensure that all operators comply with the same rules as recently occurred in the Betfair case. This scandal is likely to speed up a process aimed at having an Italian gaming market where operators and players are subject to a much deeper scrutiny and only licensed operators will be able act!
What will happen next? It is likely a firm reaction and stringent checks by the Italian gaming authority on bets placed and unlawful betting activities. Likewise operators that will enter into the Italian market following the award of the new Italian remote gaming licences will put pressure on the Italian gaming authority to ensure that all operators comply with the same rules as recently occurred in the Betfair case. This scandal is likely to speed up a process aimed at having an Italian gaming market where operators and players are subject to a much deeper scrutiny and only licensed operators will be able act!
Do you want to discuss the above? Do you want more information on Italian gaming licences? Feel free to contact me, Giulio Coraggio.
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