Connect with us
European Gaming Congress Milan
SIS

Latest News

Italy mulls sports betting tax hike / Paddy Power gives Italy the boot

George Miller

Published

on

Italy mulls sports betting tax hike; Paddy Power gives Italy the boot
Reading Time: 2 minutes

Italy’s sports betting operators could face higher taxes on both land-based and online operations if legislators get their way.

Nothing is carved in stone, but early drafts of Italy’s 2018 national budget suggest sports betting tax hikes are in the works. The proposals would see land-based betting taxes raised one point, from 18% to 19%, while online betting tax would increase from its current rate of 22% to 23%.

Italy’s Ministry of Finance is reportedly also considering an option that would harmonize online and land-based sports betting taxes at 21%, while hiking fees on each land-based gaming outlet by a couple thousand euros.

Italy last revised its online sports betting tax regime nearly two years ago, replacing the widely despised tax on betting turnover that operators found incompatible with profits. Since that change, along with a significant expansion in the types of legal wagering options, Italy’s online sports betting market has routinely posted double-digit year-on-year monthly revenue gains.

The budget draft also proposes extending all current betting concessions through the end of 2018 in order to give regional governments time to adapt their local rules to the ongoing revamp of the land-based gaming industry, which includes significant reductions in the number of permissible slot machines and video lottery terminals.

 

PADDY POWER GIVING ITALIAN PUNTERS THE BOOT
Meanwhile, UK-listed betting operator Paddy Power Betfair has announced plans to withdraw its Paddy Power brand from the Italian market. The decision was reportedly the result of Paddy Power’s early-2016 merger with online betting exchange Betfair.

After discussions with Italy’s Customs and Monopoly Agency, Paddy Power has decided to renounce the concession it was granted in 2012. The company’s Power Leisure Bookmakers Limited subsidiary says Italian punters will no longer be able to access the PaddyPower.com website and the company will close its PaddyPower.it site this December.

The Paddy Power Betfair group will continue to operate in Italy via its Betfair Italia offshoot, and Paddy Power’s Italian customers will receive further updates on the situation via their online accounts.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Gambling in the USA

GAN Partners with Agua Caliente Band of Cahuilla Indians

Niji Narayan

Published

on

GAN Partners with Agua Caliente Band of Cahuilla Indians
Reading Time: 1 minute

 

GAN plc has partnered with the Agua Caliente Band of Cahuilla Indians. As per the deal, GAN will supply its Simulated Gaming software to the Agua Caliente Band of Cahuilla Indians.

The Agua Caliente Band of Cahuilla Indians owns and operates three locations: Agua Caliente Casino in Palm Springs, Agua Caliente Resort Casino Spa in Rancho Mirage and Indian Canyons Golf Resort in Palm Springs. The agreement with GAN will enable the Client to provide an expanded suite of online gaming and services throughout the region and beyond.

“We are enormously privileged to bring one of America’s largest and most vibrant Native American casino resort operators online with our Simulated Gaming solution. Southern California is a significant regional US gaming market, with the largest population concentration in the US, reinforcing GAN’s market position as the leading B2B enterprise software solution provider to ‘brick and mortar’ US casinos,” Jeff Berman, CCO of GAN said.

“We selected GAN for its proven success in helping casino properties launch online gaming and for its ability to embed our on-property rewards programme into an online experience. Equipped with GAN’s Simulated Gaming, we will now introduce our casino properties online to a wider audience of casino enthusiasts located in adjacent regional markets,” Bill Oliver, CIO of the Agua Caliente Band of Cahuilla Indians said.

Continue Reading

Industry News

Push Gaming Partners with Royal Panda

Niji Narayan

Published

on

Push Gaming Partners with Royal Panda
Reading Time: 1 minute

 

Games development studio Push Gaming has signed a deal with the popular online casino operator Royal Panda. As per the deal, Push Gaming will provide Royal Panda with its full suite of games.

The integration will see Royal Panda players be able to access more than 25 titles including Razor Shark, Wild Swarm, Immortal Guild and Tiki Tumble for the very first time.

“This is a great partnership for us to enter as Royal Panda is a popular casino brand in the UK and growing in emerging markets. This deal is testament to the popularity of our games, and we believe they will be a big hit with Royal Panda players,” James Marshall, CEO of Push Gaming said.

“Push Gaming are behind some of the most thrilling slots games on the market and we are thrilled to be able to offer them to our players. Titles such as Jammin Jars and Razor Shark are bold and vibrant and deliver a unique gameplay that has captured the attention of players in markets all over the world. We believe they will be just as popular with our players and will be a great addition to our already packed game portfolio,” Melvin Ritsema, Managing Director of Royal Panda said.

Continue Reading

Gambling in the USA

ARB Labs to Launch ChipVue 2.0 at Global Gaming Expo 2019

Niji Narayan

Published

on

ARB Labs to Launch ChipVue 2.0 at Global Gaming Expo 2019
Reading Time: 1 minute

 

ARB Labs is going to launch a new technology named ChipVue 2.0 at the G2E show in Las Vegas on October 15–17. The Company will be demonstrating its proprietary technologies in booth #3833 at the Sands Expo and Convention Centre.

ChipVue 2.0 is a groundbreaking technology for automatically recording all gaming activities at live tables. This fully GLI certified system has the easiest installation process on the market, without needing RFID chips, special tables, or extensive hardware reconfiguration from casinos. ChipVue 2.0 enables additional hardware, software and casino operations optimisation features.

ChipVue 2.0 provides casinos with real-time data on a table-by-table, player-by-player, and dealer-by-dealer basis—at a level of detail that has never been made possible in the gaming industry.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.