Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is poised to consolidate its iGaming market significantly, potentially slashing the number of operational operators from 81 to just 33. This comes as part of new reforms that introduce higher licensing costs and stricter regulations aimed at enhancing player protections and financial stability within the sector.
Key Points
- The recent tender for online gambling concessions attracted approximately 50 applications, a notable drop from 93 in the previous round.
- New rules include an upfront licensing fee of €7 million, driving many smaller operators out of the market.
- iGaming operators will now face a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos, along with an additional annual fee of 3% of their revenue.
- At least 0.2% of a company’s GGR must be allocated to responsible gambling initiatives.
- New player protection measures will help safeguard vulnerable groups and offer tools for moderating gambling behaviour.
Why should I read this?
If you’re involved or interested in the iGaming industry, understanding these reforms is crucial. Italy’s significant shift in regulatory approach not only affects operators but also sets a precedent that may influence gaming legislation across Europe. Staying informed on these changes will help you navigate the evolving landscape of online gambling.