Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is taking significant steps to reduce the number of iGaming operators in the country, with plans to consolidate the sector drastically. The Customs and Monopolies Agency (ADM) recently wrapped up its tender process for online gambling concessions, and experts anticipate that the number of active operators could plummet from 81 to as few as 33.
Key Points
- Current ADM tender attracted about 50 applications compared to 93 previously.
- New licensing fees have increased significantly from EUR 250K to EUR 7 million.
- Gross gaming revenue taxes set at 24.5% for sportsbooks and 25.5% for online casinos, plus an annual fee based on revenue.
- Streamlining aims to ensure a more robust iGaming market led by technologically advanced and financially stable operators.
- Stricter player protections and responsible gambling initiatives are also on the horizon.
Why should I read this?
If you’re in the iGaming sector or simply interested in how government reforms can reshape the landscape, this article sheds light on upcoming changes in Italy that could impact operators and players alike. It’s essential to stay informed about these developments as they can significantly affect market dynamics!