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The country's gaming authority considers liquidity sharing deal – Italy
Just like France, Italy is currently suffering from an ever-decreasing revenue from internet-based gambling activities. Though everything is not that catastrophic, especially in casino and sports betting sectors, the balance sheet relating the country's i-poker industry shows the same yet negative result as that of France. To address the issues, the gaming regulatory authority in Italy is considering change regarding gambling legislation. While France is on the lookout for the establishment of a liquidity sharing deal, Italy, for its part, is poised to take a much shorter but significant route.
Actually, discussions have been carried out to modify a number of legal frameworks ruling the ” Delega Fiscale”. Lawmakers are planning to readjust the country's gambling taxation law in accordance with the market situation in Europe. The 20% taxation formula, which is directly levied on GGR, is in likelihood to be approved. For now, everything seems like declarations of intent. No related information has been published yet. But in all probability, Italy will soon start negotiations with other EU countries to discuss the dear "liquidity-sharing agreement". This step will only come after a legislative modification is made.
