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12/11/06

Casino City Times: Italy, Spain usher in new gambling regs - by Bradley Vallerius

For the complete report in Casino City Times click on this link

Italy, Spain usher in new gambling regs - by Bradley Vallerius

Gaming regulators in Italy and Spain have passed legislation to liberalize land-based and Internet betting, prompting a deluge of license applications from foreign operators. In Italy, the government is auctioning off 17,000 licenses for sports and horse racing betting at shops and other outlets. Companies have been invited to bid for the number of outlets for which they want licenses. Sports wagering will also be permitted online. Remote casino gaming and brick-and-mortar casinos are also being regulated by Italy. More than 30 companies-- many of them bookmakers, including Betfair, William Hill and Unibet-— have already received licenses to offer remote gaming. Remote wagering on skill games and person-to-person betting exchanges is also being regulated.

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