Italy Gaming Reforms to Slash iGaming in Half
Summary
Changes in the Italian online casino sector are set to drastically reduce the number of iGaming operators. The government aims to consolidate the market, promoting stronger and more financially stable entities.
Key Points
- Recent reforms are expected to narrow operational licences from 81 to as few as 33.
- New licensing fees increased from EUR 250K to EUR 7 million, discouraging smaller operators.
- Mandatory gross gaming revenue taxes are set at 24.5% for sportsbooks and 25.5% for casinos.
- Companies must allocate part of their revenue towards responsible gambling initiatives.
- New regulations intend to enhance player protections and prevent gambling harm, especially among vulnerable demographics.
Why should I read this?
If you care about the future of iGaming in Italy or the wider gambling landscape, this article is a must-read! These reforms are a game-changer, and they could reshape how online gambling operates in the region. Stay ahead of the curve by knowing what’s on the horizon!