Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s upcoming reforms in the online gaming sector are set to significantly reduce the number of iGaming operators. Experts suggest this is part of a government plan to consolidate and streamline the market. Recent tenders revealed a drop in applications, indicating a possible decrease in active operators from 81 to 33.
Key Points
- The Customs and Monopolies Agency reported 50 applications for online gambling concessions, down from 93 previously.
- The reforms introduce a hefty upfront licensing fee of €7 million, deterring many smaller operators.
- A gross revenue tax of 24.5% for sportsbooks and 25.5% for online casinos will also be enforced.
- Responsible gambling measures will obligate companies to invest a portion of their revenue into player protection initiatives.
- Stricter regulations will enhance player protections and ensure safer gambling environments.
Why should I read this?
These changes are massive for the Italian iGaming scene, and it’s crucial to grasp how these new rules will reshape the market landscape. If you’re into gaming—be it playing or operating—you’ll want to be in the loop about these developments!