Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to embark on significant reforms in its iGaming sector, intending to streamline and consolidate the number of operators. The recent tender by the Customs and Monopolies Agency (ADM) indicates that the count of active iGaming operators could plummet from 81 to just 33. Experts believe these changes align with the government’s long-term objectives for the sector.
Key Points
- The ADM’s recent tender process attracted around 50 applications, considerably fewer than previous ones.
- New upfront licensing fees have increased drastically from EUR 250K to EUR 7 million.
- Operators will now face a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos.
- New regulations require a portion of revenue to be spent on responsible gambling initiatives.
- Stricter player protections are being put in place to safeguard vulnerable groups, including young adults.
Why should I read this?
This article is a must-read for anyone involved in the iGaming industry or interested in the regulatory climate in Italy. The forthcoming changes could reshape the market dramatically, pushing out smaller operators and increasing barriers to entry, so being informed will give you the edge in navigating this evolving landscape.