Italy Gaming Reforms to Slash iGaming in Half
Summary
The Italian government is set to drastically reduce the number of iGaming operators as part of its strategy to streamline the online casino sector. This move aims to align with the government’s long-term consolidation goals, potentially shrinking the number of active operators from 81 to just 33.
Key Points
- New reforms by Italy’s Customs and Monopolies Agency are expected to cut iGaming operators significantly.
- The recent tender for online gambling concessions saw applications drop from 93 to about 50.
- Stricter licensing requirements, including a EUR 7 million upfront fee, are discouraging smaller firms.
- New tax rates include a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos.
- Regulations will also enhance player protections, requiring operators to implement responsible gambling measures.
Why should I read this?
If you’re keeping an eye on the iGaming landscape, this article is a must-read! With Italy’s sweeping reforms, the gaming market could see a significant shift, impacting both operators and players alike. Get the lowdown on what’s changing and how it might affect the future of online gambling in Italy.