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Italy’s long-awaited cash games decree passed into law yesterday evening, opening the way for existing operator licensees to offer cash poker and casino games into the Italian market.
The new products will be subject to a gross profits tax of 20%, with the maximum allowable buy-in for skill games, including poker, played online and at public terminals or “totems”, raised from €100 to €250.
A new payback ratio, requiring at least 90% of the amount collected to be paid back to players in prizes, has also been introduced.
A maximum initial stake of €1,000 will also be implemented for poker and casino, requiring players to reload from their account once this amount has been wagered.
The new decree also allows for the organisation of “multi-level tournaments” where the winner of a qualifier tournament will be able to re-invest their winnings as a buy-in for the subsequent session.
EGR SOURCE
The new products will be subject to a gross profits tax of 20%, with the maximum allowable buy-in for skill games, including poker, played online and at public terminals or “totems”, raised from €100 to €250.
A new payback ratio, requiring at least 90% of the amount collected to be paid back to players in prizes, has also been introduced.
A maximum initial stake of €1,000 will also be implemented for poker and casino, requiring players to reload from their account once this amount has been wagered.
The new decree also allows for the organisation of “multi-level tournaments” where the winner of a qualifier tournament will be able to re-invest their winnings as a buy-in for the subsequent session.
EGR SOURCE