News

Sports betting restrictions lifted in Italy

Sports betting restrictions lifted in Italy

The italian gaming regulator AAMS has decided to give the betting operators more freedom and independence from now on.

AAMS recently announced that they would give the licensed operators more independence in terms of both wagers and settling the wagers from March 2016, according to an article on the popular Norwegian casino portal Nyecasino.ninja.

AAMS have been very restrictive about what kind of wagers the licensed operators would be allowed to offer. Up until today, all results of wagers had to be verified by AAMS before operators was allowed to pay out the winning bets. In 2013 this changed slightly, and operators was allowed to offer some more wagers, as long as AAMS still verified the results afterwards.

Slow payouts favorized foreign operators

The operators were unhappy with the processing time from AAMS and complained that the process of verifying the results was slower than necessary. They were unable to pay out winning bets immediately, and many Italian players preferred to play with unlicensed operators to get their money quicker.

More exotic wagers available now

AAMS has also approved that operators could offer more exotic wagers, in compliance with some restrictions. Operators can not offer wagers on the private lives of people and court proceedings, amongst other.
The Italian government plans to sell 120 more licenses starting from July 31st this year, each one with a price tag of €200 000. In addition, they are also selling betting shop licenses for €32 000 a piece, plus betting corner licenses for €18 000 each. This will surely give a big boost to the Italian tax budget, and will also make it easier for all Italians to wager on their favorite sports.

Article source: http://nyecasino.ninja/casino-news/italia-apner-opp-oddsrestriksjoner/

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News
@http://www.twitter.com/BjornKenneth

Bjørn Kenneth Muggerud, CEO of Goldfish Media, chief editor for timeoutmag.com, handballreferee & handballcoach since 1990.

More in News

Gábor Danyi leaves Győr – official

Ibolya SzekeresJanuary 5, 2021

Amanda Kurtovic on loan to Kastamonu Belediyesi-official

Ibolya SzekeresJanuary 3, 2021

Amanda Kurtovic on loan to Kastamonu??

Ibolya SzekeresDecember 17, 2020

Ambros Martin fired after defeat against Denmark

Ibolya SzekeresDecember 16, 2020

Russia and France shared points

Ibolya SzekeresDecember 11, 2020
Silje Solberg, Norway | Photo: Bjørn Kenneth Muggerud

Silje Solberg can’t reach the start of the EHF EURO 2020

Ibolya SzekeresNovember 28, 2020