Online Gambling License Italy
Gaming License Requirements A special commission (known as the Gambling Commission) monitors and regulates the online gambling business conduct, making sure the company is eligible for granting a gaming license and complies with codes of its practice. All online casinos that operate on Italian market have to acquire license issued by AAMS. This Italian organization is responsible for regulating both land-based and online casino industries within the country. Italy is well familiar with gambling. Not everyone knows, but the word 'casino' itself has Italian origins and was first used to define a gambling venue in the late 18thcentury. In addition to this, licenses can also allow the provision of ancillary iGaming services to other online gambling companies.It is best to discuss your plan and idea at length with a corporate service provider such as Fast Offshore, to make sure you apply for the correct licensing for your situation. Applying for an online gambling license is a complex and lengthy process, due to the fact it. Casino.org is the world’s leading independent online gaming authority, providing trusted online casino news, guides, reviews and information since 1995. YOU ARE IN SAFE HANDS.
What is the Italy Casino License?
Here you can find all you need to know about Italy Casino Licenses. Since the participation of illegal gambling in Italy is viewed as a criminal activity and thus punishable under criminal laws, specific responsibilities have been assigned to the task of gambling.
Online Gambling License Italy State
Agenzia delle Dogane e dei Monopoli (ADM) was created to fight against illegal gaming by verifying the compliance of licensees and traders of the gaming sector. This body until September 2014, was recognized as AAMS. The AAMS (as previously known) – Amministrazione Autonoma dei Monopoli di Stado had been assigned by the state the duties of regulating gaming and license processing.
In the past pre-dating 2000, gambling was completely illegal, however gradually liberalized post-2000. The liberalization process was implemented through the following phases:
- 2004: Endorsement of remote instant and traditional lotteries;
- 2005: Validation of Lotto, Superenalotto and bingo;
- 2006: Legalization of tournament card games, like poker and skill games;
- 2009: Authorization of poker cash and casino games.
Casinos that hold an Italy Gaming License
There are certain requirements or rules in order to grant an Italy Gaming License.
Player Registration Requirements
For the protection of both parties, the service provider and the player. There are specific requirements and processes a player must initially complete before playing at an online casino. The player must also sign a contract in which he or she must disclose personal data;
- Name
- A copy of the client's Identification Card
- Address and also Tax code
- Codice Fiscale
The purpose of this rigorous registration process of the Italian government is to protect minors under the age of 18 years. In addition, should an adult facilitate gambling to minors, they will be at risk of criminal charges.
Types of licenses
The state has taken the responsibility of operations relating to online gaming and also the granting of licenses for internet gaming companies. Internet gaming licenses granted for 9 years allowing current license holders a gaming portfolio extension from the same license. Such extensions include the following:
- Instantaneous drawing and deferred drawing lotteries
- Lotto and associated games
- National pari-mutuel numeric games
- Card games such as poker and also Fixed-odds games of chance
- Games based on sports events and also Games based on horse races
Overall, Each and every one of the entities above requires their own gaming regulations. In conclusion, if you want this licence you need to follow the steps carefully.
According to European media resources, AAMS gaming regulator aims at issuing new licenses permitting online gambling in Italy starting from September 18. By September 25, AAMS is looking forward to finishing giving away permissions designed for 5 years of performance on the online gambling market (up to 2022).
The price for online gambling licenses in Italy accounts for €200 thousand euro, which is relatively cheap compared to the price of gambling permissions in other European countries.
Almost a third of requests will be satisfied and licensees will be issued to those operators who have already expired permissions of 2016. AAMS licensing system will cover such sectors of gambling business as:
- Sports betting;
- Cyber sports betting;
- Fantasy sports;
- Bingo;
- Card games tournaments;
- Casino games;
- Cash games.
It was also informed that regulation of gambling operators won’t experience global changes in the near future.
Note please: according to data provided by the news agency Agimeg, in August of 2017 the Italian betting market showed relatively good results. Total sales revenue from land-based betting offices and the Internet rose to record 89% and reached €89 million. The online betting showed an increase of 108.6% up to €39 million. All licensed AAMS operators showed a steady increase in incomes during the reporting period, having achieved significant improvements in annual calculus.
Online Gambling License Italy Attractions
On July 2017, gambling regulators of France, Italy, Spain and Portugal signed the agreement sharing the online poker liquidity.