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Online poker: Towards a sharing of liquid assets between Spain and Italy
The sharing of liquid assets is an idea shared by different European regulated markets of online poker. The Dirección General de Ordenación del Juego, the Spanish online gambling authority, asserted this week its will to share the liquid assets with Italy. According to its president Carlos Hernandez, this perspective is the step of a discussion with the other regulated markets of poker in Europe. The big boss of the Iberian Authority of regulation of the market showed his will for a common liquidity with the Transalpine market since April, but remains nevertheless careful on the impacts of this cash sharing, especially on the control of the mechanism and the protection of players. In fact, this sharing of liquid assets may generate negative effects on the two markets, if the question of control isnt beforehand fixed. A bad check will increase criminal activities and may lead players to migrate towards illegal offers. If the question of control is resolved, the sharing of liquid assets between the two markets would be envisaged during 2014.
In December 2012, the European authorities of regulation of online gambling gathered in Paris. The authorities of regulation which were present, namely ARJEL (France), AAMS (Italy), Dirección General de Ordenación del Juego (Spain), Santa Casa da Misericordia (Portugal) and a German delegation, examined this question of common liquidity. For France, the sharing of liquid assets with other markets isnt planned for soon. While the tax system of Italy and Spay relies on the Gross Gaming Revenue (GGR), the one of France relies upon betting. Thus, a modification of the law is required for the French market to be able to share its liquid assets with other regulated markets.
Source: James WILLIAMS
Monday, 23 September 2013
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