Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to implement new gaming reforms that could drastically reduce the number of iGaming operators in the country, potentially slashing the number in half. The government aims to consolidate the sector by aligning it with its long-term strategic goals.
Key Points
- Recent reforms by the Italian Customs and Monopolies Agency aim to consolidate the iGaming market.
- The latest tender attracted about 50 applications, a significant drop from 93 in the previous round, indicating a reduction in active operators.
- New licensing fees have risen considerably, with an upfront cost of EUR 7 million compared to the previous EUR 250,000.
- Increased taxes: 24.5% for sportsbooks and 25.5% for online casinos, along with an annual fee.
- Operators must invest in responsible gambling initiatives, earmarking at least 0.2% of their gross gaming revenue.
- Stricter player protection measures will be put in place to help safeguard vulnerable groups and ensure responsible play.
Why should I read this?
If you’re interested in the evolving landscape of online gaming, this article highlights a significant shift in Italy’s approach to regulating iGaming. With reforms aimed at consolidating the sector and ensuring operational integrity, this is a must-read for industry stakeholders and enthusiasts alike.