Italy’s Customs and Monopolies Agency (ADM), the body in charge of regulating gambling activities in the country, has recently submitted the documents required to outline the regulations for new online gambling concessions to the Treasury. This submission follows the introduction of the new framework for online gambling licenses in the parliamentary gazette in April.
New License Fees Significantly Increased
The regulator has settled on a nine-year online gambling concession fee of €7 million ($7.57 million) per operator, which is a significant increase from the €200,000 fee imposed in 2018, being 35 times higher. Additionally, online operators wanting to offer their services to local players must pay 3% of their annual gross gaming revenue (GGR) after taxes. These increases have been deemed reasonable by the Ministry of Finance, considering the evolving dynamics of the gambling market dominated by a few major operators, including Scommesse Sportive, Slot, Giochi e Casinò Online (SNAI), Lottomatica (after acquiring SKS365), Entain, and Flutter.
Awaiting Treasury and Council of State’s Opinion
Once the new framework gets the binding opinion from the Treasury and Council of State, it will be included in the country’s Decree on the Reorganisation of Gambling, which currently focuses on brick-and-mortar gaming topics. Following this, the technical rules will be sent to the European Commission for assessment and will undergo a three-month standstill period.
Operators to Ensure Games and Systems Compliance
Operators awarded a license will need to ensure their games and systems are verified by third-party certification bodies. The ADM will also implement new controls to enhance the monitoring of player funds. Antonio Giuliani, head of ADM’s online office, mentioned that the agency is planning a “D-day” for current gambling operators to start collecting bets under the new framework, with other operators given up to six months to launch the new system. Giuliani emphasized that all operators, whether current licensees or new applicants, will benefit from “equal conditions.”
Changes in Bonus Management
In June, Italy introduced new regulations concerning the management of bonuses, including updated legislative criteria on their usage, terms and conditions, banking options, and how they would be counted for tax purposes. Operators had been anticipating these changes since the regulated market opened in 2006, citing a lack of clarity in the methodology used to determine the cost of bonus rewards. Now, with the new amendments, taxes will be calculated based on both the bonuses applied and the stakes placed by players to meet wagering requirements and cash out winnings.
ADM’s Commitment to Address Errors
The ADM has also initiated a research, training, and information project aimed at the National Addiction and Doping Centre of the Istituto Superiore di Sanità (the Italian Institute of Health). This initiative includes a process to address palpable errors, enabling systematic corrections without requiring court action.
CoinPoker: Revolutionizing Online Poker with Blockchain
CoinPoker is shaking up the online poker world by using blockchain technology to create a secure and transparent gaming platform. One of its standout features is the elimination of traditional Know Your Customer (KYC) procedures, making it easier for new users to sign up. Transactions are facilitated using its own cryptocurrency, CHP (CoinPoker’s Chips). Additionally, CoinPoker offers lower rake fees and attractive rakeback deals, making the overall user experience more enjoyable.
Focused Gaming Approach
Initially, CoinPoker focused solely on poker, but it has now expanded into sports betting. Unlike traditional casinos, CoinPoker doesn’t offer slot machines or table games like blackjack, baccarat, and roulette. Instead, it maintains a specialized approach that sets it apart from other gambling sites. For those interested in a wider variety of games, platforms like Lucky Block, TG.Casino, and Mega Dice offer more diverse options.
Commitment to Privacy
Privacy is a top priority at CoinPoker, ensuring that player identities remain protected during all transactions. This focus on anonymity creates a secure environment for players. The platform also has a mobile app for sports betting, available on both Android and iOS devices, offering competitive odds. CoinPoker features high betting limits, a self-exclusion tool, and a responsible gaming officer to promote balanced gambling habits. Licensed by Curacao, CoinPoker provides a regulated and secure gambling experience.
Poker Tournaments and Gameplay
CoinPoker hosts tournaments with real money prizes, allowing players to improve their skills against competitors from around the world. Despite offering fewer game types, it remains popular among serious poker players. Competing with larger sites like Lucky Block, Mega Dice, and TG.Casino, CoinPoker differentiates itself with its use of blockchain technology, ensuring transparency and reliability in its random number generation (RNG) system, and implementing strong anti-fraud measures with automated detection systems.
Variety of Poker Games
The platform offers a range of popular poker variants, including Texas Hold’Em, Short Deck Poker, 5-Card Omaha, Omaha Hold’em, Bad Beat Jackpot, No-Limit Hold’em, and Pot-Limit Omaha. CoinPoker’s use of blockchain technology sets new standards in the online poker industry, providing a unique and secure gaming environment. With a strong focus on privacy, responsible gambling, and a diverse range of offerings, CoinPoker is a preferred platform for serious poker players looking for a reliable gaming experience.
Partnership with Argentina National Football Team
Recently, CoinPoker secured a prestigious sponsorship deal with the Argentina National Football Team. This two-year partnership, recognized by GOAT, aligns CoinPoker with Argentina, the 2022 FIFA World Cup champions. CoinPoker players can enjoy exclusive promotions from the Argentine Football Association (AFA), including chances to win tickets to Argentina’s home games, autographed team merchandise, and access to exclusive tournaments. This partnership aims to enhance the gaming experience for CoinPoker’s global community while celebrating Argentina’s success in international football.
Poker enthusiasts will find CoinPoker’s tournaments highly rewarding. For more information and to experience CoinPoker firsthand, visit their website.
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