The government plans to set measures in Italy to reduce the iGaming segment and cut down licences in the country from 85 to 50 by 2023.
Italy.- The online gaming industry continues to grow worldwide but is facing some hurdles here and there. That’s the case in Italy, where the government has targeted the iGaming industry and wants to shrink it.
The authorities announced their plans to cut down online gaming licences from 85 to 50 by 2023. It will do so through its first Budget Law decree. Regulator Agenzia delle dogane e dei Monopoli (ADM) published the document, which includes measures to cover the whole market.
The new regime in Italy for iGaming will price licences at €2 million each and will run for nine years, starting 2023.
The ADM released its report for October 2019. The body revealed online gaming in Italy generated revenue of €65.7 million, a discouraging figure.
Figures shown represent a growth of just 1.2% year-on-year, the first single-digit improvement in 2019. That is also drastically lower than the 22.4% growth reported in September.
ADM revealed PokerStars led online gaming in Italy, posting 10.6% of October’s revenue. Sisal came in second with 9%, Snaitech was third with 8.3% and Lottomatica followed at 8.2%.