Italy Gaming Reforms to Slash iGaming in Half
Summary
Experts suggest that proposed reforms in Italy’s online casino sector are set to drastically reduce the number of iGaming operators. These reforms are designed to consolidate the industry in line with the government’s long-term goals.
Key Points
- The recent tender process by Italy’s Customs and Monopolies Agency (ADM) indicates a significant shrinkage in the number of active iGaming operators.
- Previous tenders saw 93 operators applying for concessions, but the latest one attracted around 50, suggesting a potential reduction to 33 operators from the current 81.
- Increased entry barriers, including a hefty upfront licensing fee of €7 million (up from €250K) are discouraging smaller companies from participating.
- New tax structures for operators include a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos, alongside an annual fee of 3% of GGR.
- Stricter player protection measures will also be enforced to safeguard vulnerable groups and ensure responsible gambling initiatives are funded.
Why should I read this?
If you’re keeping an eye on the gambling landscape, this article is a must-read! Italy’s gaming reforms signal a major shift that could reshape the future of iGaming, making it essential for industry stakeholders and enthusiasts alike to stay informed.