Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s government has proposed significant reforms that could reduce the number of active iGaming operators from 81 to potentially just 33. This move follows a tender process by the Customs and Monopolies Agency, which saw a marked decrease in application submissions, highlighting a shift towards consolidation aimed at strengthening the market.
Key Points
- The number of iGaming operators in Italy could decrease dramatically due to new licensing regulations.
- Operators now face a hefty upfront licensing fee of EUR 7 million, discouraging smaller firms from entering the market.
- Increased tax rates have been introduced: 24.5% for sportsbooks and 25.5% for online casinos.
- The reforms also mandate spending on responsible gambling initiatives and stricter protection protocols for players.
- New measures aim to support player safety and encourage responsible gambling practices.
Why should I read this?
This article is a must-read if you’re keeping an eye on the evolving iGaming landscape in Italy. These reforms could have far-reaching effects not just for operators but also for players, making it vital to understand what’s at stake. Stay in the loop—this could change everything!