Italy's Senate Passes Amendments In Gambling Law
By Casinomeister, Last updated Nov 27, 2015
Expects to increase annual tax yield from gaming industry to Euro 1,107 billion
Italy's proposed gambling law amendments are progressing through Parliament as they passed a Senate vote 164 for, 116 against and 2 abstentions at the end of last week.
The amendments for 2016 include an increase in the overall gaming tax expectation of Euro 1,107 billion which the Government aims to raise from a 2 percent increase in AWP taxes and a 0.5 percent increase on VLT's. These taxes alone are expected to account for Euro 600 million.
The shortfall of Euro 507 million is expected to be raised through the renewal of contracts which expire in 2016 including 15,000 sports betting corners and shops, 210 Bingo Halls and 120 online gaming licenses.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
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