Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to drastically reduce the number of iGaming operators as part of new government reforms aimed at consolidating the market. Experts believe that this move aligns with the government’s long-term goals for a more stable and technologically advanced gaming sector.
Key Points
- The recent tender process for online gambling has seen a drop in applicants, suggesting a significant reduction in active operators.
- In the previous round, 93 operators applied, while the latest attracted only about 50, hinting the number may shrink to 33 from 81.
- A major factor for fewer applications is the introduction of a hefty upfront licensing fee of EUR 7 million, up from EUR 250,000.
- New tax requirements include a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos, plus an annual fee of 3% of GGR.
- Stricter player protection measures will be implemented, including setting limits on deposits and playtime.
Why should I read this?
If you’re invested in the iGaming industry or just curious about how regulatory changes can reshape markets, this article dives into significant reforms happening in Italy. Understanding these shifts could impact your gaming strategies or investments in the sector.