Manne wrote:
Being among the first European countries to legalize the opening of the online poker market, Italy is currently facing a difficult situation. Indeed, the AAMS (Amministrazionne Autonoma dei Monopoli di Stato) announced at its annual report that online gambling revenues in Italy are down significantly. By referring to figures, a decrease in revenue of approximately 30% was observed between August 2011 and August 2012. On the results of online poker, a sharp decline of 75% was recorded in tournaments income. If cash games have been a very important source of income at the beginning of their implementation fifteen months before, now the revenue that it brings to the State fell by 40%.
The problem that afflicts to the Italian online poker market is caused by high taxation that infuriates operators looking for a good return and players wanting to get a little profit, not to mention the fact that the game is restricted to local players. Other operators of online games in Europe must therefore take account of the case of the Italian market to improve the management of their respective markets. In France, the balance sheet is not yet as negative. Indeed, tournament results showed a marked increase. Note that a project aimed at bringing closer the Italian and Spanish market is considered by regulators in both countries to reboost the online poker industry.
Poker News - Online poker: The Italian market in regression
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2012/02/09
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The CEO of 3G, James Kosta, stated that the company has teamed up with Eldorado and they would love to be able to provide online poker in the spring. Kosta commented: “What we are looking forward to is two, three, or four years from now at a federal level, you’ll be able to start gambling on casual games and arcade games with your friends.”
Kosta has also stated that online gaming is the next step for the gaming industry. Kosta is envisioning betting on sports option via the iPhone and then eventually offering $1 to $2 on the cell phone on games such as Words With Friends.
KTVN spoke with Kosta and asked him about what he would say to those who are against his support of gambling as well as his idea of offering it online and he stated: “When people contain themselves within that box and decide they’re going to spend $10 an hour gambling or $50 an hour gambling, whatever they can afford that’s responsible, then it absolutely is a form of entertainment.”
Despite Kosta’s ideas, they will not be able to begin until online gaming is available on a federal level. Congress must pass the option and it has seemed unlikely to be in the near future. However, in a recent debate between Dean Heller and Shelley Berkley, Heller commented that legislation for online gaming will be passed by the end of the year.
3G Studios Hopes to Provide Online Poker This Spring