Lessons from AAMS to African gambling regulators
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AASM is responsible for regulating the gambling industry and other sectors in Italy. It has the power to supply licences for the operators in both land-based and online sectors covering lotteries, sports betting, bingo, arcades, poker games, casino games and horse pools. AASm has continued to cooperate with other gambling boards like in Africa.
AASM has introduced a new self-exclusion scheme for people who want to stay away from online gambling activities. USER allows players to self ban for a limited period or indefinitely. Once they are approved, they can't access licensed gambling websites.
Gambling is legal in Italy and regulated by the Abruzzo Decree of 2009. It is aimed at providing a safe and equitable gambling experience. The greatest perceived benefits of legalisation are tourism, increased employment and bigger tax revenue. A strong regulator with the powers to oversee the gambling industry can provide a great source of revenue and a tool for economic growth.
Gambling and betting online market in Italy is the second-largest in Europe after the UK. In May 2020, Italy announced to raise €90m through a new betting turnover tax. The rules implemented by the regulatory entity encourage new operators to join the gambling Italian offshore and national markets.
By 2050, the online gambling market in Africa is predicted to increase by 50%. The African gambling regulators should follow the world's leading regulators like the Italian AAMS. Aams works hard in applying its policy to all operators in Italy on fair and transparent terms and practices. The laws against anti-money laundering (AML) have become stricter because they are harmonised at an international level.
Gambling regulatory bodies like AAMS license and regulate the gambling industry in both physical and online sectors. Aams is responsible for the taxation sphere for both gambling companies and players. African countries can adapt well to change provided they take lessons from the leading gambling regulators like AAMS.
