Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s imminent gaming reforms are set to transform the iGaming landscape dramatically. Experts believe that the reduction in operators is part of a government strategy aimed at consolidating a previously saturated market.
Key Points
- The new reforms may reduce active iGaming operators from 81 to 33.
- A substantial increase in the licensing fee from €250,000 to €7 million has deterred many smaller firms.
- The gross gaming revenue tax will be raised to 24.5% for sportsbooks and 25.5% for online casinos.
- Operators must allocate 0.2% of their GGR to responsible gambling initiatives, capped at €1 million.
- Stricter player protections are on the horizon, requiring operators to implement self-moderation tools for players.
Why should I read this?
If you’re keeping an eye on the ever-evolving world of iGaming, this article is a must-read. Italy’s move to strip down its operator count signals shifting tides in regulation that could impact businesses across Europe. Get ahead of the curve and understand what these changes could mean for the market’s future!