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Casino games organization and all gambling venues like any other business should be legal and licensed by competent authorities.
*Gambling in Turkey is highly regulated. Turkey banned casinos in 1998, and it banned non-state online gambling in 2006. A state lottery (Milli Piyango) and betting services exists, however, and has some online gambling, and illegal gambling continues to persist.History. Gambling horses were originally legalised in 1984, and casinos in 1990. New restrictions were introduced in September 1996.
*The company entered the Italian online gambling market in 2012 with the Paddy Power brand. It has struggled making its local business a truly profitable one since then. It pulled the Paddy Power brand last October to replace it with its Betfair one. To promote its Italian operation, the company signed up as a sponsor of Juventus last summer.
Gambling online is quickly becoming the way to place a bet. More Americans are turning to their mobile devices and laptops to play their favorite slots, poker games or bet on sports online. If you live, work, vacation in the US, you are probably much closer to a legal gambling state than you think.
Nowadays you can buy casino license from Online Casino Market. They have an excellent reputation and will help you to solve any question related to gambling business. To open casino from Online Casino Market or buy casino here means to get a new source of income.Why do You Need a Casino License?
Drake casino download. It is prestigious and profitably to run gambling business. That is why businessmen take decision to buy casino in order to get huge income like other famous participants of gambling market are doing this. However, each year legal authorities close a big number of gambling venues in many countries for illegal activity because they do not possess gambling license.
Today it is quite fiddly to open casino and only experienced professionals in international gambling can deal with this. They know that casino license purchase is the most important step.
Currently the best option is to open gambling business in offshore countries where taxes are minimal or absent at all. These countries are Costa Rica, Gibraltar, Alderney, Isle of Man and others. Online Casino License in Italy
Italy is also considered profitable country in any aspect where you can buy online casino license.
Italy online casino license is issued by Autonomous administration of state monopolies, state organization that deals with gambling business licensing, its regulation and all the questions related to gambling.
Activity of online casino, totalizators, slot machines, lotteries should be done according to state legislation and confirmed by special permit — casino license.
Violation of the law is fraught with serious consequences up to initiation of criminal case and confiscation of property. Police authorities can punish infringer by gambling license suspension or its deletion.
Besides, AAMS does everything possible to protect gamblers from unfair operators and fights against gambling dependence.
Italian committee AAMS can issue separately the following permits for Internet-casino:
*gambling business license (including poker and online card table games);
*permit for online lotteries (if only the license holder is an organizer);
*permit to produce fixed bets for water sports events;
*permit to accept bets for sports races. Peculiarities of the Italian Online Gambling Licensing
Provisions of new gambling legislation in Italy differ from the rules and requirements accepted in European Union but they do not provide any extraordinary conditions.
*AAMS issues online casino license for 9 years that makes it a precondition of legal gambling business;
*online gambling license costs EUR 350 thousand (exclusive 20% VAT), business owner should pay this amount after receiving document;
*casino license may be issued to any operator from EU without regard to a country (except European Union, this list includes Norway, Iceland and Liechtenstein);
*foreign applicant holding EEA passport can not only get Italy online gambling license but he is also excused from opening company in this country;
*online casino services registered in Italy can be available for Italian citizens through the Internet platform «.it». This platform was created specially for this goal and it is related to the central platform AAMS to control betting and taxation;
*online casino services can not be provided by Italian residents to foreign platforms of «.com» format. This violation may lead to black lists;
*lack of Italy online gambling license may result in prison confinement from 6 months to 3 years;
*online bets on any games regulated by AAMS terms but held by means different from these terms threaten fine from EUR 500 to EUR 5 thousand or arrest from 3 months to 1 year (even if organizers have casino license);
*licensees are allowed to place their gambling servers beyond the territory of Italy (but on the EU territory) if their will be online control by AAMS and possibility to test and control these servers remotely;
*start-up or non-gambling company can receive online gambling license if they fulfill the following requirements:
1) bank guarantees payments to AAMS in amount EUR 1,5 mln;
2) audit of technical novelties of the company, know-how and employees’ activity in order to confirm correspondence to high standards. Gambling Taxes in Italy
Tax legislation in Italy provides taxes in gambling (like in any other business) that depend on the amount of gross revenue and cash assets turnover in the company.
Thus, a single tax rate is equal to 20% from the amount of revenue. This tax is paid by:
*Internet casino owners; ;
*organizers of virtual bets and games with bets change;
*organizers of poker rooms and ring games.
Turnover tax is paid by:
*organizers of sports bets — about 3,5%;
*races bets — around 10%;
*slot bets — 3%;
*organizers of bingo — up to 11,5%.
Due to the new rules and requirements in online gambling set up by AAMS licensees should control the following aspects of their activity:
*timely update of online casino license;
*accuracy of platform and games certification;
*necessity to refer to AAMS for license to possess new online casinos and poker rooms. What Documents are Needed for Gambling Business Licensing?
Like many jurisdictions Italian AAMS requires the package of papers necessary for gambling business licensing.
The package includes the copies of following documents:
*the Statute and Board meeting with the decision about management and name of the company;
*passports of all founders and shareholders;
*agreements about gaming site creation and assignment of domain name;
*receipts confirming office rent and communal payments;
*partnership agreement.
Besides, originals of the following documents should be provided:
*application for Italy online gambling license;
*bank certificates about account registration and significant amount of funds available there;
*recommendations from reputable financial companies about financial sustainability of the licensee;
*document confirming the quality of gambling software integrated on the site;
*detailed business plan that includes forecast of expenses and revenue for the first years.
It is also necessary to provide description of gambling platform and games to the committee. Each game should be unfolded in details: name, manufacturer, the process of launching, amount of rewards, etc.
The committee pays special attention to the security and reliability towards gamblers that is why all payment systems and other services related to financial operations are verified for their quality.
Advantages of Italy online gambling licensing:
*company upon receiving Italy online gambling license acquires legal status and has the right to work officially;
*Italian licensing authorities have an excellent world-known reputation that is why casino license issued by them increases prestige of any gambling company;
*licensee who works in this country automatically gets a status of international company;
*licensee is assigned EU VAT number;
*candidate who got Italy online gambling license has the right to open casino and become a partner of European banks;
*company upon receiving Italy online casino license is free to pay huge taxes;
*online gambling license will be processed within a short time.
It should be noted that gambling legislation in Italy is quite strict and everyone who violates it will answer in law. Online gambling license provides lots of opportunities for the licensee that can be called real bonuses.
Only some organizations can get casino license independently without any help. However, nowadays any gambling business owner can buy casino license. Thus, Online Casino Market offer to open casino with minimal inputs or buy casino with installed gaming platform and games.
You can buy casino license from Online Casino Market and get necessary recommendations regarding gambling business. Anytime!
It’s only recently that online betting in Italy has become legal and since the law changed in 2006 it’s become one of the biggest markets in Europe.
Below we’ve got a list of the best betting sites for Italy and a run through of all the key laws and legislation’s residents of the country need to know about.Best Betting Sites For Italy:
The following is a list of the best betting sites for residents of Italy:Online Gambling Law In ItalyT&C’s apply – 18+.T&C’s apply – 18+.T&C’s apply – 18+.T&C’s apply – 18+.Key Facts: Online Gambling In Italy
*Most gambling illegal until new laws passed in 2006.
*Gambling and online betting now fully legal in Italy.
*Agenzia delle dogane e dei Monopoli (ADM) is the sole state regulator and is responsible for issuing licences .
*Players are free to gamble with any licensed online betting site.
*Legal gambling age in the country is 18+.Gambling Legislation & Law Timeline
As we have mentioned above, the process of fully legalising gambling in Italy came about mostly in the past decade. The following timeline traces the legislation involved in that process, as well as some notable pieces passed longer ago:Online Gambling Illegal Italy UsaNovember 20th 1948 – President Decree no.1677
One of the first pieces of legislation to legalise and regulate any form of gambling in Italy, the President Decree no.1677 did so for lotteries and related activities. Further decrees in a similar vein followed through the years in order to keep lotteries efficiently regulated.January 31st 2000 – ADM Decree no. 29
Passed by the ADM regulatory body in early 2000, Decree no. 29 legalised bingo and other bingo formula in Italy and set out the framework by which the body would regulate and tax the activities.Examples Of Illegal GamblingDecember 30th 2004 – Law no. 311
Passed in late 2004, so-called Law no. 311 was the piece of legislation setting down the legality and regulatory framework for horse racing betting in Italy. Law no. 248 was also passed in August 2006 to update the legislation.March 1st 2006 – Decree no. 111
Whilst sports betting wasn’t traditionally prohibited in the same way as other gambling activities in Italy, it was still strictly regulated and limited to state sponsored providers. Decree no. 111 passed in 2006 opened up the industry and made sports betting legal in a more recognisable form.January 10th 2011 – ADM Director Decree
The ADM Director Decree of 2011 legalised almost all remaining forms of gambling in Italy. The specific activities mentioned under the decree were online casino games, online poker tournaments and games of chance and card games not organised as tournaments.March 18th 2013 – ADM Director Decree no. 47
ADM Director Decree no. 47 of March 2013 officially legalised and set a regulatory framework for ‘remote fixed-odds betting on sporting and non-sporting events with direct interaction between gamblers’. In layman’s terms this equates to exchange betting.Are Players Taxed On Winnings?
Italy has a very well defined and fairly simply system of gambling taxation. Operators and providers are generally taxed according to their gross profits and at a different rate according to the form of gambling they provide. Sports betting providers, for instance, are taxed at 4.5% whilst casino game operators are subject to a 20% tax rate.
Most importantly, however, punters’ winnings from gambling are exempt from income tax in Italy meaning that they are essentially tax free. The country did used to have legislation stating that winnings earned through providers outside of Italy weren’t subject to the same tax exemption but this was deemed unlawful by the EU.Recommended Deposit Methods
Due to the fact that essentially all gambling is legalised, regulated and tax exempt in modern day Italy, there is no need for punters to consider issues of legality or taxation when it comes to their choice of deposit method.
As such, it is only the general criteria of speed, security and ease which should enter into the equation. What that means is that depositing via credit or debit card is usually the most sensible method as it excels in all of those areas.
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