In Italy, the first gaming restructuring since 2011 will bring fundamental reforms to the online gambling sector.
The law, known as the Restructuring Decree, was proposed by the Italian government’s Ministry of Economy and Finance (MEF).
The recently approved legislation introduces self-imposed restrictions on gambling platforms, while hoping to protect those vulnerable to gambling, such as minors, and promote warning messages.
license reform
Italy will now enact a new licensing reform framework aimed at generating funds to promote responsible gambling campaigns. SBC News reported.
Italian operators, known as “concessionaires”, will be subject to a 3% tax on the operation of gambling services. Applications for online gambling licenses will now be subject to a €7 million approval fee.
This is a significant jump from the current fee of 200,000 euros and has been criticized by Italy’s gambling union.
Alphabet-owned YouTube and popular streaming platform Twitch were fined by Italian lawmakers last month for violating the terms of the 2019 Dignity Decree, which bans gambling advertising.
YouTube was fined 2.25 million euros and Twitch was fined 900,000 euros, showing that Italy is serious about its decision to strengthen gambling reform. Italy is not alone in tightening its laws to combat the trials and tribulations of gambling.
The Australian Media and Communications Authority (AMCA) has found some of Australia’s top betting sites to be in breach of in-play betting rules.
For this reason, the person responsible for the violation took the following actions: Revise in-play trading rules to avoid heavy penalties.
In early December 2023, the Australian Federal Parliament A ban bill was passed Using a credit card to fund an online gambling account.
The New South Wales Government forced to act Locals in the area reportedly lost $4.3 billion on poker machines. A report covering his 4500 poker machines across 24 local government areas will be prepared for the Australian Government by a panel of 16 industry experts.
Photo courtesy of JÉSHOOTS, Pexels.
