search.noResults

search.searching

note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Reports ITALY MARKET REPORT


Essential information and facts about Italy:


Country Total Area


Ethnic groups Languages


Currency Italy Capital Rome


Population 62,007,540 Median age


Italian


Italian (official), German, French, Slovene Euro


Government type Parliamentary Republic Chief of State President Sergio Mattarella


Head of Government Prime Minister Paolo Gentiloni – Democratic Party (Dec. 2016)


Cabinet Council of Minister proposed by the Prime Minister and nominated by President


Elections President indirectly elected by an electoral college consisting of both houses of Parliament and 58 regional representatives for a seven year term. Next election 2020. Prime Minister appointed by President and confirmed by Parliament.


Te government recently approved a Law Decree published in the Italian Official Gazette which will see taxes increased and the industry is quite frankly, not happy.


Te government recently approved a Law Decree published in the Italian Official Gazette which will see taxes increased and the industry is quite frankly, not happy. Te tax increases for VLTs and NewSlots were introduced in April. Taxes have already been increased over the last three years at a steady rate and the new hikes means:


l


Gaming taxes for Comma 6a (NewSlots) have been increased from 17.5 per cent tax on turnover to 19 per cent.


l


Meanwhile VLTs previously paid 5.5 per cent on GGR and this category has seen their taxes increased by one per cent to six per cent of turnover.


l


Meanwhile the winning tax paid by players for VLTs exceeding €500 will be increased from six per cent to 12 per cent effective from


P56 NEWSWIRE / INTERACTIVE / 247.COM


October 2017. It is said the increase will bring in a total of €742m over the next three years in taxes.


l


Te decree also aims to reduce the number of NewSlots from over 407,000 to 265,000 in 2018 in a bid to prevent the increase in gambling addiction problems.


l


Finally the player tax for those winning on the Lotto game will also be increased from six per cent to eight per cent as from October 2017 on SuperEnalotto, WinforLife and scratchcards. Tis is expected to see tax revenues increase from €36m in 2017 to a total of €143m annually.


Te law decree is effective immediately which means there is little time to change the RTP of machines. Parliament however will have to


ratify the Law Decree within the next 60 days (from April 24). otherwise it will lose effect from its initial publication in the Official Gazette. At the moment suppliers and operators are left in limbo in terms of changes.


Tese changes come just a year after tax hikes in 2015 when the Stability Law on December 2015/No.208 was introduced. Although this cancelled out the additional tax of €500m annually that was initially required from the concessionaries, it raised taxes from the then VLT tax rate of five per cent to 5.5 per cent whilst the PREU for AWPs was raised from 13 per cent to 17.5 per cent whilst reducing the payout to 70 per cent.


Tiziano Tredese of Elmac said: “Te ‘Manovrina’ will reduce the number of NewSlots to 265,000 but how and who will decide which ones have to


301,340 sq.km 45.1 years


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142