Italy Busts Illegal Online Gambling Linked to Malta

Published Tuesday, November 21, 2017 - Online-Casinos.com
Italy Busts Illegal Online Gambling Linked to Malta

The laws regarding online gambling in Italy are clear and modern. Sports betting, lotteries and some other activities are legal and regulated gambling activities in Italy. The Autonomous Administration of State Monopolies or the AAMS is the gambling authority responsible for keeping gambling in all of its forms including online in line with guidelines set up by the organization.

A few weeks ago the Italian media revealed operation Double Jack that saw authorities go to a number of Italian provinces raiding 30 residences which were suspected of being connected to an illegal gambling operation. The officials arrested seven suspects that were involved in the illegal operation that joined terrestrial gambling machines with computers connected to Malta located online gambling servers. It was reported that the operation generated revenue of €10m per month. The police seized the assets of 14 venues that included bank accounts and computers valued at as much as €8.5m.

Recently it has been revealed that two Malta licensed Medialive Casino Ltd. executives were among those who were detained by the Italian police in the ‘Double Jack’ bust. Medialive Casino Ltd. provides live dealer casino technology to Italian-licensed online and land-based gaming operators.

Prosecutors allege that directors, Massimiliano Fullin and Fabio Veglianetti, ran an illegal gambling operation in parallel with Medialive’s legal functions. The illegal group of venues, “were controlled remotely through the servers in Malta and all the money exchanged ended up going through the Maltese servers in various bank accounts on the island.”

There hasn’t been much cooperation between the two the Florence prosecutor told the Times of Malta “it is yet unclear whether there is a direct nexus between the MGA license and the accusations being made by the Italian authorities against this company given [Medialive’s] global links with other gaming jurisdictions.”

MGA executive chairperson Joseph Cuschieri, said the MGA license, “has not been suspended at this time and it would be premature to give a comment at this stage, as investigations are still ongoing.”

 

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