Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s latest gaming reforms are set to halve the number of iGaming operators in the country. The new regulations aim to streamline the sector, shifting focus towards more financially stable entities. With increased licensing fees and tougher player protection measures, the reforms could significantly reshape the online gambling landscape.
Key Points
- The number of iGaming operators in Italy could fall from 81 to around 33 due to new reforms.
- Recent tender processes showed a significant decrease in applications for online gambling concessions.
- The upfront licensing fee has risen dramatically from EUR 250,000 to EUR 7 million.
- Operators must pay a gross gaming revenue tax of 24.5% to 25.5%.
- At least 0.2% of companies’ revenue will go towards responsible gambling initiatives.
- Stricter player protection measures are being implemented to combat gambling harm.
Why should I read this?
If you’re keen on the shifts in the iGaming market, you can’t miss this article! It dives into substantial changes affecting not just operators, but also player safety and industry regulations in Italy. Whether you’re a gamer, investor, or just curious, understanding these reforms is essential for grasping the future of online gambling.