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The European Gaming and Betting Association, which is made up of some of the continent’s largest privately-owned online gambling firms, reportedly told the Associated Press that its members spend approximately 0 million every year to sponsor sports teams and leagues in Italy.The news service reported that the legislation, which will not cover advertisements for Italy’s state-run lottery, is to also prohibit sports clubs from displaying sportsbetting-related sponsorships on their shirts although those with existing agreements will be allowed to continue until the end of their current contracts.“It is madness,” the 70-year-old reportedly told the news service.doubleu casino tips