Italy to launch online licenses concessions
The tender for online gaming licenses in the European country could be launched next week.
Italy.- The State Monopoly of Italy’s date of publication for new online gaming concessions is approaching, as the expected call for tenders could see the light between September 18 and 25. Whilst it is still uncertain how the process will be, there is expectations around the licenses as operators have been waiting for quite some time now.
Local media reported that whilst the complete work is practically done, it needs further technical checks. The auction will award 120 concessions of US$240k each, from which the state has planned to raise up to US$28 million. Nevertheless, it seems like these predictions won’t be respected as it is expected that more than 60 companies will be interested in one of the licenses.
The license will last up to December 31, 2022 and will cover all the games that can be offered under non-exclusive licenses such as horse betting, sports betting, casino cames, betting and eSports games, among other things. Once the license is given, the operator needs to obtain the technical support related to each game, but no additional money has to be paid.
Earlier this week, it was announced that online gaming sector in Italy has been experienced good results, as it surpassed the total revenue of land-based operations. Sports betting revenue last month almost doubled July’s results, as it was over US$99 million, which represents growth of 89 percent in comparison with the reports from the same period last year. Online casino revenue has also shown an increase last month. Online casinos generated a revenue of US$53.7 million, which represents a 30.6 percent year-on-year improvement. However, online poker operations have fallen 3.8 percent to US$6 million, whilst the year-to-date total is of US$53 million, representing a loss of 5.1 percent.
