Italy Gaming Reforms to Slash iGaming in Half
Summary
Changes in the Italian online casino sector are set to drastically reduce the number of iGaming operators in the country. Experts suggest this move aligns with the government’s goal of streamlining and consolidating the sector for stronger regulatory control.
Key Points
- The latest tender process for online gambling concessions resulted in a significant drop in applications, from 93 previously to around 50.
- The number of iGaming operators in Italy could decrease to as low as 33 from 81 due to tightened regulations.
- An increased licensing fee of €7 million is deterring smaller companies from applying for concessions.
- New taxes will be imposed, including a 24.5% gross gaming revenue tax for sportsbooks and a 25.5% tax for online casinos.
- Regulations will enhance player protections, allowing customers to set spending and time limits.
Why should I read this?
If you’re following the evolution of the gaming landscape, this article is a must-read. The reforms hinted at a significant shift in Italy’s iGaming industry that could impact market dynamics. Stay ahead of the curve by understanding these pivotal changes!