Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is poised for substantial changes in its iGaming landscape following a tender process by the Customs and Monopolies Agency (ADM). The expected outcome is a significant reduction in the number of active iGaming operators aimed at streamlining and consolidating the sector.
Key Points
- The number of iGaming operators in Italy might drop from 81 to just 33 due to new consolidation rules.
- New licensing policies include an upfront fee of EUR 7 million, a sharp increase from EUR 250,000.
- Operators will face higher tax rates: 24.5% for sportsbooks and 25.5% for online casinos.
- Strict player protection measures will be introduced, including limits on deposits and spending for users.
- New regulations also aim at enhancing the standards in the industry by focusing on financially stable operators.
Why Should I Read This?
This article is a must-read for anyone in the gambling industry! Italy’s reforms could reshape the iGaming market significantly, impacting both operators and players. If you want to stay ahead in the game, understanding these changes is crucial.