Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s online gaming sector is set for major reforms that could halve the number of active iGaming operators. The government aims to consolidate the market to ensure stronger, more stable entities prevail.
Key Points
- The recent tender process for online gambling concessions attracted about 50 applications, a significant drop from 93 previously.
- Experts predict the number of iGaming operators could fall from 81 to as low as 33 due to these reforms.
- A new licensing fee of EUR 7 million and increased taxes (24.5% for sportsbooks, 25.5% for casinos) are now required.
- New player protection measures will be enforced, including self-exclusion options and limits on deposits and spending.
- The reforms also aim to enhance regulations regarding anti-money laundering (AML) and protect vulnerable groups.
Why should I read this?
If you’re interested in the future of iGaming, you definitely want to read about these reforms! Italy’s changes could set important precedents for online gaming regulations worldwide and influence market dynamics significantly. By consolidating the sector, the government aims to safeguard players while potentially reshaping the industry’s landscape.