Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to undergo significant changes in its iGaming sector, resulting in a potential reduction of operators from 81 to as few as 33. This follows a new tender process by the Customs and Monopolies Agency (ADM) aimed at consolidating the market and ensuring stronger compliance with regulations.
Key Points
- New licensing fees have increased dramatically from €250k to €7 million, deterring many smaller operators.
- The total number of iGaming operator applications has dropped from 93 to approximately 50.
- The consolidation aims to maintain a compliant and safer gaming environment, with enhanced player protections and regulations.
- Annual fees and heavy taxes on revenue are set to increase, aiming for better funding of responsible gambling initiatives.
- Stricter requirements for player protection and anti-money laundering measures are also on the agenda.
Why should I read this?
If you are at all interested in the future of online gaming in Italy or how regulations can reshape an industry, this article is an absolute must-read. It shines a light on the government’s strategy for a more streamlined and safer iGaming environment, and if you’re in the business or simply curious, these changes could deeply affect your experience in this space.