Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is making significant changes to its online gaming sector aimed at reducing the number of iGaming operators. These reforms focus on consolidating the market, which will be achieved through increased licensing fees and stricter regulations.
Key Points
- The Italian government aims to consolidate its iGaming market significantly, reducing operators from 81 to potentially 33.
- The recent tender process attracted approximately 50 applications, substantially fewer than the previous 93.
- A licensing fee has been increased from EUR 250,000 to EUR 7 million to enter the market.
- New taxes on gross gaming revenue have been introduced: 24.5% for sportsbooks and 25.5% for online casinos.
- Operators must allocate 0.2% of their GGR for responsible gambling initiatives.
- Stricter player protection measures are being enforced to enhance player well-being and prevent harm to vulnerable groups.
Why should I read this?
If you’re into the iGaming scene, this is *major news*. Italy’s shakeup of its online gaming industry could be a game changer and could impact how operators do business moving forward. Stay in the loop and understand how these changes might affect your gaming options!