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The decree setting out the technical and functional requirements of the videolottery machines has been finally published on the Official Gazette.
As anticipated in the previous posts, videolotteries are expected to be the biggest innovation in the Italian gaming market in 2010. Indeed, the maximum wins of € 500,000 are likely to attract considerable players to the VLT casinos which has caused substantial complaints from 4 Italian “real” casinos and from the foreign casinos located close to Italian borders also because during the start-up phase the current licensees will be entitled in fact to install 56,697 videolotteries without any restriction on the location where VLT casinos will be located.
This is a brand new market for gaming operators, including new entrants in the market that during the start up phase might run VLT casinos using the machines provided by other licensees and from November 1, 2010 will be able manage them under their own license since by the end of April 2010 the procedure for the assignment of new licenses will start.
If you want to know more information about videolottery and the possibilities for new operators in this market, feel free to contact me, Giulio Coraggio.
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