Italy Gaming Reforms to Slash iGaming in Half
Summary
The Italian government is set to implement significant reforms in the online gaming sector, potentially reducing the number of iGaming operators from 81 to around 33. This comes after a recent tender process indicated a substantial reduction in applications for online gambling concessions.
Key Points
- Experts suggest that a consolidation of the iGaming market aligns with the government’s long-term goals.
- The recent tender attracted just 50 applications compared to 93 previously, signalling a major shift.
- The upfront licensing fee has increased dramatically from EUR 250,000 to EUR 7 million, deterring smaller operators.
- New taxation measures will impose a 24.5% tax on sportsbooks and a 25.5% tax on online casinos.
- Enhanced player protection measures will be introduced, focusing on responsible gambling initiatives.
Why should I read this?
If you’re in the iGaming industry or simply interested in how regulation shapes markets, this is a must-read. The proposed reforms in Italy could reshape the entire landscape of online gambling, impacting everything from market competition to player protections. Don’t miss out on the potential repercussions of these changes!