Italy Gaming Reforms to Slash iGaming in Half
Summary
The Italian government is implementing significant reforms that are expected to reduce the number of iGaming operators in the country. Experts suggest that these changes are intended to streamline the market in alignment with governmental goals.
Key Points
- The number of iGaming operators in Italy could drop from 81 to as low as 33 following recent tender processes.
- A significant reason for the decrease in applicants is the introduction of a hefty upfront licensing fee of EUR 7 million.
- New regulations will require casinos and sportsbooks to pay a gross gaming revenue tax of 24.5% and 25.5%, respectively, alongside annual fees equating to 3% of their gross gaming revenue.
- There will also be increased player protection requirements, including setting limits on deposits and playtime.
- The reforms aim to ensure stronger entities manage the growing iGaming sector, focusing on technology and financial stability.
Why should I read this?
If you’re invested in the future of online gaming or simply curious about regulatory shifts, these reforms in Italy could reshape the landscape of iGaming across Europe. They’ve taken a bold approach to ensure that only the most capable operators remain, which might affect the way the whole industry evolves.