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After the issue of the new rules governing online bingo, the Italian gaming authority has also set new rules for offline bingo prescribing that:
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the applicable taxes will be equal to 11% (previously 20%) of the sale price of bingo cards; and that
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the amount due to the centralized gaming controller will be 1% (previously up to 3.80%) of the sale price of bingo cards.
Also, it will be possible to postpone the payment of the abovementioned amount up to 60 days from the date of collection of the bingo cards and in any case up to the 15th of December of each year for the amount due in relation to the last two months period of each year.
Finally the new rules prescribed that the awarded jackpot shall be at least 70% (previously 58%) of the total amount collected from the sale of bingo cards during each game and amended the regulations on the allocation of the prizes.
These new rules will be effective only during a trial period which will commence on 1 November 2009 and will terminate on 31 December 2010 and are aimed at boosting the sector which is currently facing a crisis, but the associations of bingo halls holders assert that they will substantially damage small bingo halls which will not be able to award prizes of the same value as those awarded by large bingo halls.
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