Italy Gaming Reforms to Slash iGaming in Half

Italy Gaming Reforms to Slash iGaming in Half

Summary

Italy is making significant changes to its online gaming sector, aiming to reduce the number of iGaming operators. As a result, the country could see a reduction in active operators from 81 to possibly just 33. This move comes in response to a recent tender awarded by Italy’s Customs and Monopolies Agency, with fewer applications indicating a consolidation within the market.

Key Points

  • The Italian government is actively trying to consolidate the iGaming market to ensure stability and higher standards.
  • The recent tender saw applications drop from 93 to about 50, suggesting a significant decrease in interest.
  • New regulations impose an upfront licensing fee of €7 million, discouraging smaller companies from applying.
  • Gross gaming revenue taxes for sportsbooks and online casinos are set at 24.5% and 25.5%, respectively.
  • Operators must also allocate a portion of their revenue towards responsible gambling initiatives.

Why should I read this?

If you’re in the iGaming space or simply interested in the evolving regulatory landscape, this article is a must-read. It highlights Italy’s bold steps to reshape its gaming industry and sets the stage for how these changes could impact operators and players alike. Reading this will save you time while keeping you informed about the latest trends affecting the gaming market in Europe.