A Closer look at Italy’s AMMS license
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Gambling is illegal in Italy, but sports betting, lotteries and some other activities fall into the category of legal and regulated gambling activities. Since March 2010, foreign gambling operators have been able to launch online real-money games. Before this change, gambling companies had to get an Italian license.
AAMS is responsible for ensuring the proper conduct of the online operators in the Italian gambling sector. The number of licenses that can be issued by AAMS can only be limited to 120.
AMMS requires to pay €350,000 + 20% VAT for the license. Online casinos must also pay a corporate tax of 27.5% and an additional tax based on their turnover of 0.6%.
To be granted an AMMS license in Italy, the operator company must manage games in Europe with a turnover of no less than €1,500,000 in the last 2 years. The company also must function at a high technical level, provide stable, secure, and easy-to-use services and be incorporated as a limited company.
According to Non-aams.com, an increasing number of Italians are looking for casinos licensed by other regulatory bodies such as Curaçao. The AAMS license gives Italian customers a sense of security.
Casinos may not advertise their services to underage players. Players must have at least a 90% of winning margin or ROI on casino games. Winning must be paid out within a week. Casinos must use a software that’s proven to offer a sage gaming environment with no fraud and risk.
Non-AAMS casinos are casinos that do not have an AAMS license. Non-AMS Casinos usually have licenses from authorities in other countries. Curacao Gaming Control Board, Malta Gaming Authority, UK Gambling Commission and Swedish Gabbling Authority offer iGaming players protection.
