Italy Gaming Reforms to Slash iGaming in Half
Summary
Proposed reforms in Italy aim to dramatically reduce the number of iGaming operators in the country, as the government seeks to consolidate the industry. This change comes after a noticeable decrease in new applications for online gambling concessions.
Key Points
- The number of iGaming operators in Italy could shrink from 81 to as few as 33 due to new government regulations.
- The Customs and Monopolies Agency reported a decrease from 93 applications in the last tender to around 50 in the latest round.
- New licensing fees have increased significantly—from €250,000 to €7 million—causing many smaller operators to reconsider their options.
- Operators will face a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos.
- Institutions must allocate funds for responsible gambling initiatives, ensuring a minimum of 0.2% of gross gaming revenue is dedicated to these efforts.
Why should I read this
With Italy reshaping its iGaming landscape, this article provides crucial insights into how these reforms may impact operators and players alike. Keep yourself updated on potential market changes that could affect the gaming experience in Italy!