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Online slot game companies

Online slot game companies

When slot machines were made legal, the mafia simply invested in legal gambling concerns. Donadio said that the mob was using the gaming industry to launder billions of euros gained illegally through drug trafficking, arms smuggling, prostitution, loan sharking, and racketeering. Italian authorities have prosecuted dozens of cases that involved mafia investments in legal gaming companies in recent years, but mob-controlled companies are often hard to identify and new ones are formed every day. Illegal money flows are easily concealed in all-cash revenues, and money laundering is hard to prove because notes must be tracked from their criminal origin to their use in the real economy.

But just as liberalization can benefit the wrong people and does not always bring tax windfalls, the gaming example also shows vested interests in parliament can make it hard to undo. Garavini is one of a handful of lawmakers who is seeking new rules for the gambling market, but no one is proposing reversing what has already been legalized, for example by closing down slot machines in bars as France has done. Garavini is backing a law that would regulate advertising, officially denominate problem gambling as a sickness covered by the state health-care system and forbid ownership of concessions by anyone with family ties to the mob.

Cooperation Minister Riccardi also says he wants to pass new rules to regulate advertising and warn of the risks by clearly posting the probability of winning for each type of game. Garavini, a member of one of the main parties supporting Monti, is lobbying the government to take a harder line, especially against the mob, but she admits that there is no political support for a major overhaul of the industry. Discover Thomson Reuters. Answers On Innovation Thomson Reuters. Directory of sites. United States. Steve Scherer. A woman plays on a slot machine in a bingo hall in downtown Rome July 6, It was also the first online betting operator allowed in France.

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Insight: Italian gaming liberalization: a bet that did not pay off | Reuters

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