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New Italian gambling taxes set to impact operators in 2019

24th December 2018 9:38 am GMT
Italy

The Italian government has increased gambling taxes in its 2019 budget, prompting earnings warnings from Italian facing gaming companies.

Playtech said that the tax increases contained in the 2019 budget are expected to negatively impact adjusted EBITDA by €20-€25m next year, excluding any mitigating actions.

Playtech shares were trading down 6.34 per cent on the news Monday morning following the Italian Senate’s approval of the budget.

This will see the online gaming tax rate rise from 20 to [...]

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