Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is gearing up for a dramatic overhaul of its iGaming sector, aimed at consolidating the market. The country’s Customs and Monopolies Agency has recently wrapped up a tender process for online gambling concessions, hinting at a significant reduction in active iGaming operators. The current potential for operators could dwindle from 81 to roughly 33, as fewer companies apply due to stricter entry requirements.
Key Points
- The recent tender for iGaming concessions attracted only about 50 applications, significantly down from 93 in the previous cycle.
- New regulations include an upfront licensing fee of €7 million, a sharp increase from the previous €250K, discouraging smaller operators.
- Operators will now face a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos.
- A minimum of 0.2% of GGR (up to a maximum of €1 million) must be allocated to responsible gambling initiatives.
- Stricter player protection measures will be introduced to safeguard vulnerable groups and promote responsible gaming behaviours.
Why should I read this?
If you’re in the iGaming business or just fancy keeping your finger on the pulse of this rapidly evolving sector, this article is a must-read. Italy’s sweeping reforms could set a precedent for gaming regulations across Europe. It’s essential to know the impacts and changes coming your way!