Italy crack down on unregulated gambling websites
Agenzia delle Dogane e dei Monopoli, the Italian betting regulator has published a report that confirms they have blocked more than 5,200 unregulated gambling websites during 2014.
The regulator also fined 114 operators, who were operating illegally in Italy. Leading to nearly €1 million in penalties collected from those who broke the rules.
The release of information about banned sites and fined operators, was included in financial figures from gambling in Italy in 2014. Total gambling revenue in Italy were €84.4 billion last year, and the countries tax authorities collected €7.7 billion in tax revenue.
At the end of 2014 the UK online gaming market had a new Point of Consumption tax introduced, allowing the UK government to collect revenues without the need for regulation.
Other countries in Europe, such as Spain, Germany and France have their own forms of regulation and taxation. This is mainly to protect existing land-based gambling businesses and earn taxes from wagering on the internet.