Key Takeaways
- The Delega Fiscale was due to be approved by the Italian Council of Ministers yesterday, but the amendments to the tax laws which include major changes to gambling law was not presented.
- The risk is that the arguments between the various parties will lead to the deletion of the gaming part of the Delega Fiscale and a continuation of the current regulatory rules until the gaming amendments can be resubmitted to parliament in a separate bill.
- Such a bill would need to go through the complete legislative process, including submission for approval to the EU Commission, and could delay any changes for perhaps two years.
The Delega Fiscale was due to be approved by the Italian Council of Ministers yesterday, but the amendments to the tax laws which include major changes to gambling law was not presented.
The provisions embodied in article 14 of the Delega Fiscale create a massive reorganization of the regulated gaming industry, and centralize power, removing much of the authority which regional governments currently have over regulating local gambling. They also include restrictions on advertising which has been met with opposition from several regional governments that claim they are not restrictive enough.
