Italy Gaming Reforms to Slash iGaming in Half
Summary
The Italian online casino sector is undergoing significant reforms aimed at major consolidation, reducing the total number of iGaming operators in the country. This move aligns with the government’s long-term goals to streamline the industry and ensure that only financially stable operators remain in the market.
Key Points
- The number of iGaming operators in Italy could reduce from 81 to as low as 33.
- The recent tender for online gambling concessions saw a drastic drop in applications, from 93 to about 50.
- A new licensing fee of EUR 7 million has been introduced, deterring smaller operators.
- New tax rates include 24.5% for sportsbooks and 25.5% for online casinos, in addition to annual fees based on revenue.
- Stricter player protections will be enforced, including responsible gambling initiatives.
Why should I read this?
If you’re following the evolution of the iGaming industry, this update on Italy’s reforms is key. It’s a big shake-up that may set a precedent for other countries looking to regulate online gambling more strictly. You’d want to be in the loop about how these changes could reshape the industry landscape!