{"id":8596,"date":"2023-12-19T00:00:00","date_gmt":"2023-12-19T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/europe\/italian-gambling-stands-against-mef-orders-ahead-of-2024-transformation\/"},"modified":"2023-12-19T00:00:00","modified_gmt":"2023-12-19T00:00:00","slug":"italian-gambling-stands-against-mef-orders-ahead-of-2024-transformation","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/italian-gambling-stands-against-mef-orders-ahead-of-2024-transformation\/","title":{"rendered":"Italian Gambling stands against MEF orders ahead of 2024 transformation."},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Italy&rsquo;s government has been warned not to proceed with the &lsquo;reorganisation decree of online gambling&rsquo; as proposed by the <\/span><\/span><\/span><strong><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Ministry of the Economy and Finance (MEF).<\/span><\/span><\/span><\/strong><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The demand was made by the Italian online gambling trade association<\/span><\/span><\/span><strong><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> Logico,<\/span><\/span><\/span><\/strong><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> hosting a press conference last week, expressing &lsquo;unified concerns&rsquo; about key proposals endorsed by MEF to overhaul Italy&rsquo;s stagnant online gambling laws.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/italian-gambling-stands-against-mef-orders-ahead-of-2024-transformation2.jpg\" style=\"width:100%\" \/> <span style=\"font-family:Times New Roman,serif\">Logico President <strong>Moreno Marasco<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The trade body welcomes MEF&rsquo;s preliminary decree of amendments and resolutions, which will provide the first regulatory evaluation of Italian online gambling since the market&rsquo;s authorisation in 2011.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">However, conflicts have surfaced over MEF&rsquo;s plans to overhaul Italian online gambling concessions, in which the Ministry has proposed applying a &euro;7m authorisation fee for each licence.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The proposed fee reflects a 35-fold increase in standard fees of &euro;200,000 charged since 2018.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Logico expressed concerns about MEF purposely stifling Italian online gambling&rsquo;s competition as &ldquo;participation in the online bidding process is expected to be limited to no more than 20 concessionaires compared to the existing 83, resulting in excessively reduced competition.&rdquo;<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;<span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>The first 20 years of the Italian gaming system have defined the characteristics of the supply chains, consisting of a few hundred companies, about 70 in the online segment, employing more than 150,000 workers,&rdquo;<\/em><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><strong><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Geronimo Cardia,<\/span><\/span><\/strong><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> President of <\/span><\/span><strong><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Acadi<\/span><\/span><\/strong><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">, Italy&rsquo;s Association for slot machine vendors.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;<span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\"><em>These companies are an asset for the industry that needs to be safeguarded against imprudent decisions regarding market access conditions that would immediately disrupt the current balance for both online offerings and the outlook for the retail circuit.&rdquo;<\/em><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">MEF endorsed the &euro;7m fee, stating that it reflected the changed dynamics of Italian online gambling since 2011 as the market is dominated by the conglomerates of SNAI, Flutter Entertainment, Lottomatica, Entain, and SKS365.<\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Logico expressed concerns about MEF purposely stifling Italian online gambling\u2019s competition as \u201cparticipation in the online bidding process is expected to be limited to no more than 20 concessionaires compared to the existing 83, resulting in excessively reduced competition.\u201d<\/p>\n","protected":false},"author":1,"featured_media":8597,"menu_order":302,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4424],"class_list":["post-8596","europe","type-europe","status-publish","format-standard","has-post-thumbnail","tag-resulting-in-excessively-reduced-competition","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Italian Gambling stands against MEF orders ahead of 2024 transformation. - Mundo Video 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