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Lawsuit Brewing for Italy

Stanleybet International has announced that the company was given no choice recently but to filing a massive lawsuit against the Italian government’s actions over the past 12 years. Stanleybet is an international land and online casino gambling group that has a solid reputation and a history of operating under the guidelines of the law and working with governments to develop regulated land and internet gambling markets. The Italian government, though, is taking a whole other stand in the situation and has steadfastly refused to acknowledge that Stanleybet has the right to operate in the land betting market in Italy in a bizarre adherence to incredibly old gambling policies that do not take into account the new markets for online casinos nor the fact that Italy is now a part of the European Union.

Stanleybet’s lawsuit is epically huge. The land and online casino betting company has been involved in legal action with Italian government officials for more than 12 years now and the company is asking the Italian courts to make a ruling on the government’s actions. The lawsuit claim comes in at a staggering Euro 1.533 billion and covers all of the lost profits (Euro 887.2 million), the damages and costs to Stanleybet to continue fighting for the right to the Italian market (Euro 362.2 million) as well as damages all of this massive government action against Stanleybet has had on the company’s long-standing reputation (Euro 254.3 million).

The case is a continuation of this 12 year battle between Stanleybet and the Italian officials and analysts within the online casino gambling industry are actually quite optimistic that Stanleybet has a strong chance of winning some serious cash from the Italian government because of all of the struggles Stanleybet has been put through despite the company’s European Union sanction actions.