Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is gearing up for major changes in its online gaming market, aiming to reduce the number of operators from 81 to potentially just 33. This move follows a tender process by Italy’s Customs and Monopolies Agency, which saw fewer applications than before due to newly introduced stringent regulations.
Key Points
- The recent tender process for online gambling concessions revealed a significant decrease in applicants compared to previous years.
- New regulations include an upfront licensing fee of EUR 7 million, up from EUR 250,000, discouraging smaller operators.
- Gross gaming revenue taxes are now 24.5% for sportsbooks and 25.5% for casinos, alongside annual fees equivalent to 3% of gross revenue.
- Operators are mandated to allocate at least 0.2% of their GGR on responsible gambling initiatives.
- Enhanced player protection measures are being introduced to better safeguard vulnerable groups.
Why should I read this?
If you’re into iGaming or just curious about legal trends in gambling, these reforms are a big deal! They could reshape the landscape of online gambling in Italy and may serve as a model for other jurisdictions looking to enhance regulations and protect players. Get the lowdown on how these new rules could impact the market!