Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is set to implement significant reforms in its online gaming sector, aiming to reduce the number of iGaming operators drastically. The government has introduced tougher licensing fees and strict player protection measures, resulting in fewer applicants for online gambling concessions.
Key Points
- Italy plans to reduce the number of iGaming operators from 81 to potentially 33 through new regulations.
- The Customs and Monopolies Agency (ADM) has introduced a licensing fee increase from EUR 250K to EUR 7 million.
- Operators will now be subject to a gross gaming revenue tax of 24.5% for sportsbooks and 25.5% for online casinos.
- New player protection measures will include the option for customers to set deposit and spending limits.
- At least 0.2% of companies’ gross gaming revenue must be allocated to responsible gambling initiatives.
Why should I read this?
If you’re into online gaming or involved in the iGaming industry, this article is a must-read. Italy’s reforms could significantly reshape the landscape, impacting operators, players, and investors alike. Understanding these changes will help keep you in the know about where the iGaming market is heading!