Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is poised for major changes in its online casino sector, with reforms expected to significantly reduce the number of iGaming operators. This consolidation aligns with the government’s long-term goals of streamlining the gaming market.
Key Points
- Recent tender process for online gambling concessions attracted fewer applications, indicating a potential decrease in active operators from 81 to 33.
- New licensing fees soared from EUR 250K to EUR 7 million, discouraging smaller companies from entering the market.
- New regulations include a 24.5% gross gaming revenue tax for sportsbooks and a 25.5% tax for online casinos.
- Companies must invest in responsible gambling initiatives, with at least 0.2% of GGR mandated for these efforts.
- Stricter player protection measures are being implemented to safeguard vulnerable groups, including young adults.
Why should I read this?
If you’re in the iGaming space or just interested in regulatory changes, this article is a must-read. These reforms signal a significant shift in Italy’s online gambling landscape, and knowing the specifics can help you navigate the new terrain and anticipate future trends in the industry.