Key Takeaways
- The Italian Senate passes a motion for a moratorium on the issue of new gambling licenses for 12 months and then realizes it has banned all gambling.
- The government has asked the Senate to revisit the issue citing the potential loss of €6bn in gaming revenues and threats of litigation from the 200+ gambling license holders.
- Things could have been worse; the Five Star Movement was defeated after it asked for a complete ban on gambling advertising and a rise in gambling taxes.
Last week, the Italian Senate voted to ban the issue of all new gambling licenses and impose a moratorium on all forms of gambling for one year. The motion was introduced by the Northern League who are in opposition to the government.
