Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is about to undergo significant changes in its online casino sector, aiming to consolidate the number of iGaming operators dramatically. The government’s latest moves signal an intention to streamline the market and enhance regulations.
Key Points
- Recent reforms could reduce the number of active iGaming operators in Italy from 81 to 33.
- A new upfront licensing fee has increased from EUR 250K to EUR 7 million, deterring smaller players.
- Tax rates have increased, with sportsbooks facing a 24.5% gross gaming revenue tax.
- Operators will be required to contribute to responsible gambling initiatives, spending up to EUR 1 million based on GGR.
- Stricter player protection measures are being put in place to safeguard vulnerable groups.
Why should I read this?
If you’re interested in the gambling industry, this article is a must-read! Understanding these reforms is essential as they reshape the iGaming landscape in Italy, affecting operators and players alike. Stay ahead of the curve and see how these changes might influence the future of online gambling.