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Recap 2009: Italy Edition

The Italian gambling industry has seen some pretty major changes throughout 2009 – the government has slowly begun to open up the market to licensed foreign competition as a way to better control the industry as well as better comply with European policies that call for the free trade of goods and services between EU member-states. Interestingly, online casinos still have not found passage in Italy, but the betting market has absolutely exploded over the past year. A strong component of the Italian gambling industry is the licensing that takes place – any gambling group hoping for entry into the land and online betting and gambling markets must apply for and obtain full licensing before operating in the Italian market.

For Italy, this policy is the government’s key way to protect Italian gamblers from exploitation and better control the influx of illegal gambling markets. Interestingly, although online casinos can very rarely be successfully blocked from a gambling market, because the Italian government is blocking the whole of the industry on principle rather than a protectionist block, it has been largely effective at gambling the casino sites out of the market.

And that’s saying a lot for the European online casino gambling industry in 2009. There is a lot of monetary potential within the Italian gambling market and the fact that gambling companies are willing to play by the rules shows that respect goes a long way. Italian officials are allowing fair licensing and operation within the market alongside the gradual introduction of new internet gambling mediums.

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