Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s upcoming gaming reforms are set to dramatically reduce the number of iGaming operators from the current 81 to as few as 33. The reform aims to consolidate the market, aligning with the government’s long-term objectives for a more streamlined sector.
Key Points
- The recent tender process by Italy’s Customs and Monopolies Agency (ADM) attracted about 50 applications compared to 93 in the previous round.
- A significantly higher initial licensing fee of EUR 7 million (up from EUR 250K) has driven smaller operators away.
- New regulations will impose a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos, along with a 3% annual fee based on revenue.
- Operators must allocate at least 0.2% of their gross gaming revenue (up to EUR 1 million) to responsible gambling initiatives.
- Stricter player protection measures and AML expectations are being implemented, enhancing safeguards for vulnerable players.
Why should I read this?
If you’re interested in the future of iGaming in Italy, this article delves into key regulatory changes that could reshape the landscape. These reforms will not only impact operators but also influence player protections and market dynamics. It’s essential reading for anyone keeping an eye on the industry or involved in gaming legislation.