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Online Casinos in Italy Change Requirements

Italy is a prime example of a country really coming to terms with the invasiveness and inevitability of the online casino gambling industry. Just within one year the Italian government went through a period of change much like what the U.S. is struggling with. Starting with a ban on the online casinos servicing Italians, the government quickly amended the ban in favor of regulating and licensing the internet gambling sites. Now though, the Italian government has announced plans that are aimed at ensuring that internet betting and online casinos in the country are not used for illegal activities like money laundering and fraud.

That is not to mean that the Autonomous Administration of State Monopolies (AAMS) plans to place any extreme restrictions on online casino gambling. Basically, the AAMS announced that changes to the country’s remote gambling laws include restricting using cash for wagering at the online casinos. Players will be limited to using credit cards and internet gambling sites approved and licensed by the Italian government.

The AAMS at this point has only announced the intention to restrict the type of financial transactions – there is no concrete decision or legislation written as of yet. Most in the online casinos industry expect that the new restrictions will be effective in 2008. Remote gambling carries many risks associated with it, especially when it involves internationally companies. The potential for fraud is becoming more and more of a liability for both the online casino companies, and the governments seeking ways to limit the risk and control an industry that is so very pervasive in nature.