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Italys lawmakers consider an international liquidity sharing agreement - Online poker
Italys online poker industry has experienced a critical nosediving in recent years. Most remarkable is the decline in participation rate. In fact, Italian poker players become less and less attracted to Texas Hold'em poker variant, causing massive drop in attendance. To cope with the ongoing crisis, local lawmakers recently discussed an initiative towards an international liquidity sharing agreement. According Giulio Coraggio, the DLA Pipers gaming lawyer, Italy is geared up to implement legal schemes that would turn an international online poker market into reality in the country. Paralleling this, tax legislation ruling sports betting and poker are expected to undergo significant change under the Delega Tax Act, especially with the 20% GGR clause. It would also allow Italys gambling regulatory authority AAMS to better focus on the development of policies while fostering joint partnership with its European counterparts.
So far, neither has the Italian government established clear directive on the ambitious liquidity sharing agreement with EU member states, nor published guidelines on how to cope with eventual technical and legislative challenges. However, all poker players in the country seem to agree with the fact that only such initiative would increase the industrys appeal. After all, online poker market in many European countries, including Spain and France, is experiencing the same difficulties. International pooling network is what the poker industry actually needs for its recovery, Coraggio added.
Source: Oliver JOHNSON
Wednesday, 17 June 2015
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