Menu

Gambling News

Italy Set to Award 120 Gaming Licenses

- January 17, 2018 By Riley Wilson -

Italy gambling news

Italy reveal plans to award 120 5-year gaming licenses.

Italian gaming authorities have announced they will award a total of 120 gaming licenses.

According to available information, the licenses will be awarded on a first come first served basis, with no bidding process. At least one-third of that number will be issued to those operators already present in the Italian market, whose licenses are expiring.

Licensing Details

Legislators stated there would be no restrictions when applying for a license. However, operators without a license in Italy or EU, with a minimum turnover of at least €1.5 million for a period of two years, will be required to post an additional bank guarantee of €1.5 million.

The license covers all games except those subject to exclusive licenses, whose list includes sports betting, horse betting, casino, poker, and fantasy sport.

It’s reasonable to expect there will be many interested sides, especially since the Italian market has been recording strong performance over the last two year, along with the liberalization of sports betting and horse betting, and the recently announced poker sharing liquidity.

In addition to that, the country has a more friendly tax policy – with a 20% gross gaming revenue (GGR) tax on poker, casino, skill games, betting exchange and bingo, 22% GGR tax on online sports betting and 47% GGR tax on horse betting.

All Done In 3 to 5 Months

All interested operators can apply until March 19 this year, while the applications will be opened a month later. It will take around three to five months for the entire process to be completed.

The participation fee for operators wishing to apply for the license is €200,000, while the authorities estimate they will raise around €24 million in revenues during the process itself. All issued licenses will be valid until December 31, 2022, while operators such as Winamax, Marathonbet, and Pinnacle have already expressed their intention of applying for a license.

Along with the licensing process, the authorities announced they would be cracking down on all those operators without a local license, introducing new and much stricter criminal and tax-related sanctions.

YOU MIGHT BE ALSO BE INTERESTED IN THESE:

LATEST NEWS

Paraguay Gaming Revenues Going Up in the First Two Months of 2018 [...]

Macau Casinos Note VIP and Mass Gambling Growth in Q1 of 2018 [...]

Playtech Buys Snaitech In €846 Million Transaction [...]

MORE INTERESTING ARTICLES

Online vs. Live Baccarat: Key Differences [...]

NetEnt Slots with Highest RTP [...]

How to Play Casino War [...]

BACK TO TOP

Receive Exclusive Bonuses, Promotions & News

Never miss a good casino promotion again! Add your email to our mailing list and receive some exclusive casino bonuses, promotions & updates straight to your inbox.