Mafia thrives on Italy's legalized gambling addiction

March 11, 2015 11:48 PM

5 0

ROME (Reuters) - Legalizing gambling in Italy was supposed to help curb the mafia. Unfortunately, prosecutors say, it has only created new opportunities for the mob.

Cash-strapped Italian governments desperate for revenue have relaxed the rules on betting over the past two decades, to the point that Italians now wager $80 billion euros ($86 billion) a year - nearly equal to 5 percent of gross domestic product.

Also read: ECB sets Banco Popular's 2017 capital level at 7.875 percent

Read more

To category page

Loading...