Italy Gaming Reforms to Slash iGaming in Half
Summary
Recent changes in Italy’s online casino sector anticipate a dramatic reduction in the number of iGaming operators. This move comes as part of the government’s long-term strategy to streamline the market.
Key Points
- The number of iGaming operators in Italy may decrease from 81 to as few as 33 due to a new tender process by the Customs and Monopolies Agency (ADM).
- Recent policy adjustments include significantly increasing the upfront licensing fee from EUR 250,000 to EUR 7 million.
- New taxes have been introduced, such as a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos.
- Operators will also need to invest in responsible gambling initiatives, mandating a minimum spending of 0.2% of GGR on these measures.
- Stricter player protection regulations are on the horizon, enhancing the safeguarding of vulnerable groups.
Why should I read this?
If you’re keeping your eye on the gaming industry, this article is essential. It dives into significant regulatory reforms that will reshape the iGaming landscape in Italy and could have implications for operators and players alike. So, save yourself the hassle and check out what’s happening in Italy – we’ve got you covered!