Italy Gaming Reforms to Slash iGaming in Half
Summary
Experts predict that upcoming reforms in Italy’s online casino sector could lead to a significant reduction in the number of iGaming operators, potentially cutting the current count by more than half. This aims to align with the government’s long-term goals of creating a more controlled and stable market.
The Customs and Monopolies Agency in Italy has recently completed a tender for online gambling licences, but saw a drop in applicants from 93 to about 50, indicating a likely decrease in active operators from 81 to as few as 33.
The reforms include hefty new licensing fees and stricter regulations for player protection, aimed at strengthening the market against harmful practices.
Key Points
- Italy’s gaming reforms aim to reduce the number of iGaming operators significantly, with predictions estimating a cut from 81 to 33.
- The Customs and Monopolies Agency announced changes following a tender process, indicating a stronger focus on regulating the market.
- New licensing fees increased dramatically from EUR 250K to EUR 7 million, discouraging smaller operators from applying.
- Operators will now incur a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos.
- Legislation also mandates that at least 0.2% of companies’ gross gaming revenue must be allocated to responsible gambling initiatives.
Why should I read this?
If you’re in the business of online gaming or just a keen observer of the industry, this article sheds light on monumental changes flying under the radar in Italy. With potential implications for how everyone approaches iGaming, you’ll want to keep this on your radar. We’ve done the legwork, so you don’t have to—check it out!