Tax revenues from gaming are down significantly - Euroslot - the independent voice of the amusement and gambling industry

Tax revenues from gaming are down significantly

Published: 03 December, 2008

The cash flow is inadequate, and the Italian Treasury will have to face an appreciable reduction in income from the public gaming sector. These are the indications from data published yesterday by the Finance Minister, Sig. Tremonti, relating to the quarterly National Cash Statement. Beyond the forecasts and the increase in takings from gaming, anticipated to be clearly on the increase for the current year, in actual fact the tax revenues from public gaming will be far below what were anticipated.

The absence of about €400 million euro received in 2007 as a one-off payment from operators on account of the 'Bersani' franchises will surely have a negative effect on the overall level of tax receipts for this year. The document relating to figures up to 30 June 2008 points out that for the first 6 months the revenues from Lotto, lotteries and similar activities amounted to €2.702 million euro on account of indirect taxes, 543 less than in 2007 and 181 less than in 2006. According to the report, lower takings from Lotto and Superenalotto (a reduction of €366 million) have been the main factors for the overall drop.

Printer friendly version

Email this article to a friend

Bookmark this