Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy has announced significant reforms to its online gaming sector, expected to reduce the number of iGaming operators drastically. The new regulations set forth by the country’s Customs and Monopolies Agency aim to streamline the market and ensure only strong, financially stable entities remain.
Key Points
- The recent tender process showed a drop in applicants for online gambling concessions, hinting at potential market consolidation.
- Italy’s iGaming operators could decrease from 81 to potentially 33 in the wake of stricter entry requirements.
- An upfront licensing fee has increased dramatically to EUR 7 million from EUR 250,000, discouraging smaller operators.
- New taxes for sportsbooks and online casinos are set at 24.5% and 25.5% respectively, alongside an annual fee of 3% of gross gaming revenue.
- Enhanced player protections are included in the reforms, focusing on responsible gaming measures.
Why should I read this?
If you’re invested in the iGaming market or simply curious about how regulatory changes can impact online gambling, this piece offers crucial insights into Italy’s game-changing reforms. With significant adjustments to licensing fees and measures aimed at tightening player protection, these developments could reshape the entire iGaming landscape in Italy and beyond.