Italy moves towards online poker liquidity

online poker

Credits: AFP

The head of the online gaming regulation agency in Italy said that they’ve made significant progress towards a share liquidity.

Italy.- Daria Petralia, head of Agenzia delle dogane e dei Monopoli (ADM), Italy’s online gaming regulation agency, said that they’re working towards an online poker share liquidity. The supposed agreements will be presented by mid 2017.

As reported by Italian media sites in the last couple of months, there are multiple European markets that are finishing the negotiations to launch the first merged players pools. Italy could be one of the first countries to present a regulatory framework, and according to the official, it could be introduced in a meeting in May that is set to take place in Brussels. Petralia said that they’re waiting to see if the online poker share liquidity is effective before thinking about betting exchange and other gambling modalities.

According to Italian news outlet Gioconews, Europe should be ready for an Italian regulatory plan by the end of July. The Online Gaming Observatory of the Milan Polytechnic University revealed that the Italian online gaming market has grown exponentially in 2016. Gross gaming revenues (GGR) increased 25 percent year-on-year to US$1.09 million.

As revealed by Totally Gaming during an interview with Christian Tirabassi, senior partner at Ficom Leisure, the Italian gaming market is now the second largest in Europe after the UK, which is considered the global benchmark for the gaming industry. Online and mobile gaming holds the 5.4 percent of the country’s gambling industry.