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Italy mulls sports betting tax hike / Paddy Power gives Italy the boot

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Italy mulls sports betting tax hike; Paddy Power gives Italy the boot

Italy’s sports betting operators could face higher taxes on both land-based and online operations if legislators get their way.

Nothing is carved in stone, but early drafts of Italy’s 2018 national budget suggest sports betting tax hikes are in the works. The proposals would see land-based betting taxes raised one point, from 18% to 19%, while online betting tax would increase from its current rate of 22% to 23%.

Italy’s Ministry of Finance is reportedly also considering an option that would harmonize online and land-based sports betting taxes at 21%, while hiking fees on each land-based gaming outlet by a couple thousand euros.

Italy last revised its online sports betting tax regime nearly two years ago, replacing the widely despised tax on betting turnover that operators found incompatible with profits. Since that change, along with a significant expansion in the types of legal wagering options, Italy’s online sports betting market has routinely posted double-digit year-on-year monthly revenue gains.

The budget draft also proposes extending all current betting concessions through the end of 2018 in order to give regional governments time to adapt their local rules to the ongoing revamp of the land-based gaming industry, which includes significant reductions in the number of permissible slot machines and video lottery terminals.

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PADDY POWER GIVING ITALIAN PUNTERS THE BOOT
Meanwhile, UK-listed betting operator Paddy Power Betfair has announced plans to withdraw its Paddy Power brand from the Italian market. The decision was reportedly the result of Paddy Power’s early-2016 merger with online betting exchange Betfair.

After discussions with Italy’s Customs and Monopoly Agency, Paddy Power has decided to renounce the concession it was granted in 2012. The company’s Power Leisure Bookmakers Limited subsidiary says Italian punters will no longer be able to access the PaddyPower.com website and the company will close its PaddyPower.it site this December.

The Paddy Power Betfair group will continue to operate in Italy via its Betfair Italia offshoot, and Paddy Power’s Italian customers will receive further updates on the situation via their online accounts.

The post Italy mulls sports betting tax hike / Paddy Power gives Italy the boot appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

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Source: EEGaming.

American iGaming

Supremeland Gaming Gains Interim License Approval in West Virginia

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Supremeland Gaming, the emerging brand in American iGaming, announced the approval of an interim Supplier License in West Virginia, further solidifying its position as a key player in the rapidly expanding iGaming industry. This milestone marks the company’s third approval following the successful acquisition of the first approvals in Pennsylvania and New Jersey.

Supremeland Gaming is approved to operate under this interim license and is now authorized to offer its cutting-edge innovation to the Mountain State.

Supremeland’s game portfolio has garnered international appeal since its debut in November 2023. The innovative brand promises cutting-edge slot play, combining immersive storytelling, state-of-the-art graphics, and impressive bonuses.

Rickard Öhrn, CEO of Supremeland Gaming, said: “The acquisition of our interim Supplier License in West Virginia is a pivotal step in our journey, reflecting on our dedication to delivering innovative experiences to a broader audience. As we expand our footprint, our commitment to excellence remains unwavering, and we look forward to contributing to the vibrant gaming landscape in the Mountain State.”

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​​Supremeland is gaining traction for its emerging portfolio of top-notch games, including Red Panda Rising and the international debut title, Munition Mine, underscoring its commitment to pushing the boundaries of innovation in the iGaming industry.

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Albert Bellavista

Pragmatic Play Expands LatAm Reach with Betsala Deal

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Pragmatic Play, a leading content supplier to the iGaming industry, is continuing its momentum in the Latin American market, after signing an agreement to take its three biggest products live with Betsala.

The agreement will see Pragmatic Play’s full portfolio of award-winning Slot content go live, including recently released Slot titles Loki’s Riches and The Big Dawgs in addition to familiar player-favourites such as Sugar Rush and Gates of Olympus.

Betsala customers will soon gain access to Pragmatic Play’s Live Casino products upon integration being completed. The sector has been a focus for the provider over the previous 12 months with releases such as the dynamic Treasure Island game show which complements Pragmatic Play’s comprehensive range of casino classics such as Roulette, Mega Roulette, and Blackjack which are also available on the platform.

Completing the product offering is Pragmatic Play’s cutting-edge 3D renderings of popular sports such as horse and greyhound racing, football, and motorsports.

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The latest LatAm development for Pragmatic Play sees it further boost its profile across the region where it has cemented its status as a leading supplier of casino experiences.

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Proving LatAm is still a key source of growth, Pragmatic Play is delighted to now count Betsala as another valued partner in the region.

“Pragmatic Play’s three leading products will soon be on the platform, and we look forward to even more players discovering its robust and engaging offering.”

Albert Bellavista, CEO at Betsala, said: “Pragmatic Play has built a stellar reputation across Latin America for its high-quality experiences, and we welcome them as our latest partner to bolster our offering and provide more thrills than ever.

“Most iGaming enthusiasts worldwide are already familiar with Pragmatic Play’s titles and we know the upcoming addition of its content will come with a great response from our players.”

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Conferences

Pragmatic Play Gears Up for SAGSE LATAM 2024

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Pragmatic Play, a leading content supplier to the iGaming industry, is set to make another appearance at a Latin American summit, at SAGSE LATAM in Buenos Aires.

Taking place across two days from March 20th-21st, the event sees iGaming professionals gather at Buenos Aires’ Hilton Hotel for the 32nd edition of the iconic exhibition.

SAGSE LATAM marks the second summit attended by Pragmatic Play in Latin America in 2024, with its new immersive proposal Pragmatic Play Experience, after an extremely successful exhibition tour in 2023, which saw the provider make inroads across the continent and impress industry representatives.

The gaming provider will be at Stand 120 to showcase its diverse portfolio, including Slots, Live Casino, Virtual Sports and Bingo content, alongside its brand-new Sportsbook solution.

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In addition, Pragmatic Play will be a platinum sponsor of the event, highlighting the importance of such industry exhibitions and the vital role the leading provider plays in them.

Victor Arias, VP of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is proud to be a platinum sponsor of SAGSE LATAM and to be influential in shaping the future of the Latin American iGaming market. With a comprehensive multi-product offerings and solutions, it is poised to capitalise on the immense opportunities that the region presents.

“With an exciting range of panel discussions and interactivities that the conference brings, it is set to be yet another momentous date in the LATAM gaming calendar.”

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