Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to change the landscape of its online casino sector as reforms aim to halve the number of iGaming operators. This shift follows the recent tender process by the Customs and Monopolies Agency (ADM), which saw significantly fewer applicants, indicating a consolidation in the market pushing towards stronger, more financially stable operators.
Key Points
- The Italian iGaming sector should see a reduction from 81 to potentially 33 operators.
- A newly implemented licensing fee has increased from EUR 250,000 to EUR 7 million.
- Operators must now adhere to gross gaming revenue taxes of 24.5% for sportsbooks and 25.5% for casinos.
- Annual fees will be set at 3% of gross gaming revenue, alongside mandatory spending on responsible gaming initiatives.
- Stricter player protection requirements are on the horizon, aiming to safeguard vulnerable groups.
Why should I read this?
If you want to stay ahead in the gambling scene, this article is a must-read! Italy’s gaming reforms are about to shake things up, and knowing how these changes will affect the market is crucial for anyone interested in the iGaming industry. Don’t miss out on how this could reshape the future of online gaming!