Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy is enacting significant reforms aimed at reducing the number of iGaming operators dramatically. The changes stemming from the recent tender process conducted by the Customs and Monopolies Agency (ADM) are expected to consolidate the market, aligning with the government’s long-term goals.
Key Points
- The number of iGaming operators in Italy could potentially decrease to 33 from 81 following the new reforms.
- The recent tender saw fewer applications, indicating a market consolidation trend.
- New licensing fees have been significantly raised to EUR 7 million from EUR 250K, deterring smaller companies from applying.
- Sportsbooks and online casinos will face high gross gaming revenue taxes of 24.5% and 25.5%, respectively.
- New player protection measures will include limits on deposits and playtime, aimed at reducing gambling-related harm.
Why should I read this?
If you’re involved in the iGaming industry or have an interest in how regulations shape the market, these changes in Italy are pretty much a big deal! They’re set to reshape the gaming landscape, ensuring only the strongest players remain, and hint at a significant shift in how online gaming operates in the future.