Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is gearing up to significantly reduce the number of online gaming operators through new reforms aimed at consolidating the market. Industry experts note that this move aligns with the government’s long-term objectives to bolster a stronger and more sustainable iGaming sector.
Key Points
- The recent tender process by Italy’s Customs and Monopolies Agency indicates a sharp decline in applications, dropping from 93 to around 50.
- This could lead to the reduction of active iGaming operators from 81 to as few as 33.
- New regulations introduce an upfront licensing fee increase from EUR 250,000 to EUR 7 million, discouraging smaller firms.
- Tax changes: Sportsbooks and online casinos will see gaming revenue taxes of 24.5% and 25.5%, plus an annual fee of 3% based on gross gaming revenue.
- Operators must allocate 0.2% of their gross gaming revenue for responsible gambling initiatives, capped at EUR 1 million.
- The reforms aim to enhance player protection and align regulations with contemporary standards of the digital age.
Why should I read this?
If you’re keen on the ever-evolving gaming landscape in Italy, this article awaits you! It’s all about how the Italian government is reshaping the iGaming sector for greater focus on stability and responsibility. Whether you’re an operator, player, or just curious, this piece has got the scoop on what’s about to shake up the market!