Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to overhaul its online gaming landscape, significantly reducing the number of operating iGaming companies. The recent tender process is reflecting a drop in applications, signalling a government-enforced consolidation to strengthen the industry.
Key Points
- Italy seeks to reduce the number of iGaming operators from 81 to approximately 33.
- The recent concession tender attracted only 50 applications compared to 93 previously.
- New regulations include an upfront licensing fee of EUR 7 million, leading smaller operators to exit the market.
- Heavy taxes on gross gaming revenue are introduced: 24.5% for sportsbooks, 25.5% for online casinos.
- Enhanced player protections and responsible gambling measures are being implemented.
Why should I read this?
If you’re in the iGaming space or just curious about how government regulations can shake up an industry, this article is a must-read! Italy’s bold move to streamline its gaming market is expected to create a ripple effect, altering how online gambling operates in the country. Get the details on how these changes might impact you!