Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is making a big move to consolidate its iGaming market, reducing the number of operators significantly. The recent changes by the Customs and Monopolies Agency (ADM) aim to streamline operations and improve financial stability in the sector.
Key Points
- The number of iGaming operators in Italy could drop from 81 to just 33 due to stricter concession requirements.
- A new upfront licensing fee of EUR 7 million aims to weed out smaller, less financially stable operators.
- Sportsbooks and online casinos will face a gross gaming revenue tax of 24.5% and 25.5%, respectively.
- Operators must contribute 0.2% of their gross gaming revenue towards responsible gambling initiatives.
- New regulations will include stricter player protections, including options for self-exclusion and setting limits on playtime and spending.
Why should I read this?
If you’re interested in the evolution of the iGaming industry, this article highlights a significant shift in Italy’s gaming landscape. With stricter regulations and a decrease in operators, understanding these reforms is crucial for industry stakeholders and enthusiasts alike. Get in the know!