An iGaming company registered in Malta has been hit with preventive seizure in Italy follow a decree by Catanzaro’s Judge for the Preliminary Investigations. Stanleybet Malta’s activity in Italy have also been stopped, with the decree providing for a temporary ban on exercising and collecting sports bets throughout Italy.

The provision, also issued against the owner of a betting shop in the municipality in the area of Catanzaro, was carried out by the prosecutor general section of the Police of the Public Prosecutor’s Office of Catanzaro.

Italian media has reported that thousands of agencies will be affected.

The Italian authorities are investigating Stanleybet for offering sports betting and other online gaming without the necessary licence from the country’s regulator, and thus illegal on the Italian authority.

The Malta-registered company offers online betting cannot promote or display its emblems or trademarks outside gaming parlours since its system is not connected to the Italian regulator’s network, which oversees that betting takes place at authorised outlets. By being connected to the national regulator’s network, the authorities can monitor the bets and calculate taxes due.

The police said this precautionary measure is aimed at ending Stanleybet’s illegal activity.

https://newsbook.com.mt/en/stanleybet-malta-hit-with-preventive-seizure-in-italy/