The iGaming industry is experiencing growth and improvement in terms of safety and regulated gameplay. Authorities in various regions are making efforts to revamp or add regulatory frameworks to manage the market.
A new law framework has been approved, and new Italian gambling regulations are now in place for online play.
The Italian government has given the green light to the Reorganisation Decree for gambling, marking the first significant changes to the Italian market since its launch in 2011. On the 2nd of January, the Ministry of Economy and Finance’s Reorganisation Decree proposal was approved. The decree focuses on launching regulatory evaluation of the iGambling regulations and has various plans in place to protect residents, including protecting players and minors. The objective is to increase social initiatives, tax revenue, and combat criminal activity.
Under the new decree’s terms, Italy will be adopting a licensing framework where applicants will have to pay €7 million authorization fees for online gambling licenses and operating fees of 3%. In addition, all future operators will have to pay an annual 0.2% fee of their net revenues to fund responsible gambling initiatives.
The Italian government is imposing limits on the number of licenses issued to each company or group, aiming to reduce the total number of ‘skin websites’ owned by the same groups or companies, including big companies like Flutter, Entain, and Lottomatica.
However, the new proposal for the degree has been met with criticism by Logico, the online gambling trade body in Italy, and another trade body, Acadia. They have warned against the high increase in licensing fees, which jumped from €200,000 to €7 million. Despite industry warnings, the government expects a minimum of 50 operators to apply for the new concession, over half of the country’s existing operators, which currently totals 83.
Treasure Deputy Minister Maurizio Leo will oversee the government’s regulatory gambling restructuring and is in support of the decree, believing it will put an end to legal disputes regarding licensing extensions.