Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to undergo significant reforms in its iGaming sector, potentially halving the number of operators in a move to consolidate the market. The authorities aim to enhance operational strength by raising entry barriers and demanding higher fees from gaming companies.
Key Points
- Italy’s Customs and Monopolies Agency expects the number of iGaming operators to drop from 81 to 33.
- New licensing regulations include a hefty upfront fee of EUR 7 million, significantly up from EUR 250K.
- The gross gaming revenue tax rates have been set at 24.5% for sportsbooks and 25.5% for online casinos.
- New regulations are focused on enhancing player protections, including responsible gambling initiatives.
- The reforms reflect the government’s long-term strategy for a more sustainable iGaming market.
Why should I read this?
This piece is crucial for anyone invested in the future of gaming in Italy. With major changes on the horizon, understanding these reforms could save you a heap of confusion down the line. Plus, it keeps you ahead in a fast-evolving industry!