Italy’s black market for online gambling is estimated to be worth nearly €1 billion per year: equivalent to the combined regulated online gambling revenue of 8 other EU countries. The country’s ban on gambling advertising is clearly favouring the black market and should be revised.
According to a recent report, the value of bets placed by Italian gamblers on the black market is estimated to be a staggering €25 billion per year, with €18.5 billion of this amount, or 75%, spent on unlicensed gambling websites.
Based on these figures, EGBA estimates that nearly €1 billion in online gross gaming revenue in Italy is lost to black market websites annually, equivalent to the combined regulated online gambling revenue of 8 other EU countries. What is concerning is that it means many Italian players will be betting on websites that are based outside of the EU, which do not offer them even a basic level of consumer protection.
Italy’s Customs and Monopolies Agency (ADM) has already taken action by blocking over 9800 unlicensed gambling websites this year alone. This number is already 400 more than the total blocked in 2022, highlighting the increasing scale of the problem.
The protection of customers is a key priority for EGBA and it stands against gambling websites that target the EU market but operate outside EU law and fail to provide necessary consumer safeguards for Europeans. It is crucial that the Italian authorities do more to raise awareness among Italian gamblers about the risks associated with using unlicensed platforms based outside the EU, and to signpost the licensed operators who adhere to the regulated responsible gambling practices and regulations in the country.
“The significant size of Italy’s online black market is concerning, yet it is not surprising given that Italy has one of Europe’s strictest advertising regimes for its licensed gambling companies. The country’s ban on advertising for licensed gambling operators is clearly favouring the black market. Without a sufficient level of advertising, there is no real way for Italians to tell the difference between a gambling website which is licensed in Italy – and applies the country’s consumer protection rules – and one that is not. It is evident that enforcement action against black market operators is not sufficient, and that the government needs to revise its advertising rules for gambling to ensure Italian citizens can be well-informed about the licensed websites in the country,” Maarten Haijer, Secretary General of EGBA, said.
Everi’s Michael Rumbolz Elected American Gaming Association Chairman
The American Gaming Association (AGA) board of directors elected Michael Rumbolz, Executive Chair of the Board of Everi Holdings Inc., as the association’s new chairman. He will succeed Hard Rock International Chairman and Seminole Gaming CEO Jim Allen, who has served as AGA chairman since January 2022. Rumbolz begins his two-year term in January 2024.
“I am grateful for the opportunity to help shape gaming’s future as the AGA’s next chair,” said Rumbolz. “From stopping illegal gambling to evolving responsible gambling, the AGA is tackling transformational issues and I am eager to build on the progress made during Jim’s tenure.”
Working from a busboy to the c-suite, Rumbolz’s career spans all levels and aspects of the gaming industry with experience encompassing gaming equipment manufacturing and distribution; hotel and casino operations; casino fintech; digital gaming; and gaming legislation and regulation. Rumbolz previously served as President and CEO of Everi, Member and Chairman of the Nevada Gaming Control Board, and Chief Deputy Attorney General of Nevada.
“It’s an honor to welcome Mike—an industry legend in his own right—as the next AGA chairman,” said AGA President and CEO Bill Miller. “Mike’s career as an operator, manufacturer and regulator is unparalleled and will be vital to driving meaningful progress on industry priorities.”
During Allen’s tenure as chairman, the AGA supported the industry’s record-setting COVID recovery while working to evolve the industry’s approach to responsible gaming and launching a new effort to stop illegal gambling.
“Jim’s knowledge, insight and guidance have helped the AGA advance our mission and maximize our impact for the industry. He’s been a trusted advisor to me, and I am thankful for his partnership over the last two years,” Miller continued.
“Our industry and this association have never been stronger. I am immensely proud of our success over the last two years accelerating gaming’s recovery while defining and advancing new priorities,” said Allen. “The AGA is well-positioned under Mike and Bill’s leadership.”
GREF Launches Anti-Money Laundering Working Group
The Gambling Regulators European Forum (GREF) Board has taken a significant step in enhancing the exchange of information among its members on the Anti-Money Laundering matters by establishing a new working group. The creation of this new working group underscores GREF’s commitment to a collaborative approach that strengthens the overall integrity and credibility of the industry.
The GREF Board has approved the appointment of Rachel Bezzina from the Malta Gaming Authority (MGA) and Christophe Vidal from the French National Gambling Authority (ANJ) as co-chairs for the AML Working Group.
The AML Working Group marks the fifth addition to the existing working groups established by GREF. It joins the ranks of the Responsible Gambling, Digital & Innovation, InfoStat and Enforcement working groups. Each of these groups plays a crucial role in addressing specific aspects of the gambling industry, collectively contributing to the advancement and sustainability of the sector.
BetConstruct Receives German Licence for Virtual Slot Machine Games from GGL
Gaming technology and services provider BetConstruct has received a Virtual Slot Machines License from the GGL, Germany’s iGaming regulator.
By receiving this new licence, BetConstruct can now offer virtual online slot machines in compliance with German gambling laws and requirements. This opens up new horizons and opportunities for everyone interested in the German market, including slot game providers, BetConstruct operators and players alike.
Hermine Gevorgyan, Head of BetConstruct’s Licensing and Certification Department, said: “We are thrilled to announce our successful acquisition of the German virtual slot licence – a remarkable accomplishment that marks the culmination of a challenging and rewarding journey for our entire team.”
“Securing the German slot licence was undeniably a challenging journey, but today, we stand proud as we celebrate this significant achievement. With this licence in hand, we are poised to introduce a new niche to the market, setting higher standards and redefining excellence in the gaming industry with our innovative and award-winning products tailored for the German market,” Gor Mnatsakanyan, BetConstruct’s Regional Director in Germany, said.
- Expanse Studios Forges Super Prospective Media Partnership with SlotsOnlineCanada.com
- UNITED KINGDOM TO HOST 2024 PUBG MOBILE GLOBAL CHAMPIONSHIP
- New Year’s Eve at Harrah’s Cherokee Casino Resort and Harrah’s Cherokee Valley River Casino and Hotel
- FBM Brings Mythic Link Adventures to the United States
- Blaze Roulette Chosen for Casino Barriere Montreux’s GAMRFIRST Live Online Casino
- NetBet Casino joins forces with Amatic
- Week 49/2023 slot games releases
- BGAMING RELEASES FESTIVE BUNDLE OF SLOTS AHEAD OF CHRISTMAS PERIOD
- Xsolla and GamesBeat Announce Global 2024 Tour Partnership
- Everi’s Michael Rumbolz Elected American Gaming Association Chairman
- For Fox Sake! Hölle Games launch new title in “Reel” series
- Endorphina announces a fruitful new product
- Push Gaming enters Switzerland with Grand Casino Luzern
- Gaming Realms races to the jackpot in Slingo Elf Blitz
- GREF Launches Anti-Money Laundering Working Group
BettorView5 days ago
NorthStar Announces New Partnership Agreement with BettorView
Balkans4 days ago
Amusnet Took Part in the Official Celebration of the 25th Anniversary of BBLF
Balkans5 days ago
EGT Digital’s Jackpot Top Seller Clover Chance is Live on Everbet
Baltics5 days ago
PopOK Gaming games are now certified for Lithuania
Eastern Europe5 days ago
7777 gaming goes live on Superbet, Romania’s premier online operator
Compliance Updates5 days ago
Videoslots awarded Swedish licence extension
Arena Esportiva4 days ago
Xtremepush Partners with Vibra Gaming to Accelerate Growth in Latin America
Central Europe5 days ago
CT Interactive’s Content Goes Live with Fortuna Slovakia