Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s online gambling scene is set for a shake-up, with new reforms aiming to halve the number of iGaming operators in the country. Following a reduction in bidders for digital gambling concessions, experts are suggesting this move is in line with the government’s long-term plans for a more streamlined and robust market.
Key Points
- Number of iGaming operators in Italy could drop from 81 to 33 due to new reforms.
- Last month saw only 50 applications for concessions, a significant decrease from 93 previously.
- New licensing fees have increased from €250K to €7 million, deterring smaller operators.
- Operators now face higher taxation rates: 24.5% for sportsbooks and 25.5% for online casinos.
- New regulations will enhance player protections and promote responsible gambling initiatives.
Why should I read this?
If you’re in or following the iGaming industry, this piece is critical! Italy’s reforms could completely adjust the competitive landscape, and keeping up with such key changes can give you the upper hand. Let’s face it, understanding the shifts in regulatory approaches can be the difference between thriving and merely surviving in the gaming sector.