While browsing Casino Guru News, section "Laws and Regulations," I came across an article picturing changes in Italy. Since it's one of the largest gambling markets in Europe, I thought certain points might be interesting, not only for local players. 🤔
These points seem worth sharing:
👑Italy follows the UK when it comes to changes within the gambling sector. Several years ago, the UK government announced a review of the 2005 Gambling Act. This marked the first major review of the gambling laws in the country for more than a decade. The process was long and after many delays and broken deadlines, the White Paper of the review of the main gambling law arrived in April.
🚀Last week, the Reorganization Decree gained further traction. Still, it is up to the lawmakers to give the green light and approve the discussed regulations. Early expectations predict that concessions under the new rules are expected to be awarded by the end of this year.
🛑The efforts toward responsible gambling are expected to include options for self-exclusion from the activity. Moreover, Italian customers who use licensed iGaming operators would be subject to cautionary messages and will have the option to access a wide range of responsible gambling tools such as deposit, wager or loss limits, among others.
💲A major part of the change for the iGaming market in Italy involves licensing for the gambling operators. Under the Decree, companies interested in offering online gambling services to customers in the country would be subject to a €7m ($7.6m) fee that would authorize them to operate in the country. The last time this particular license fee changed was back in 2018. At the time, the fee was set to €200,000 ($218,300). This otherwise means that the fee for iGaming operators under the new Decree would go up by more than 30 times.
(source: CG NEWS 👈)
Personally, the idea of following the UKGC approach sounds good to me.
I just hope we will not witness the very same side effect. Sadly, far too many UK players excluded from UKGC casinos through GAMSTOP keep playing in unregulated casinos with a terrible reputation these days.
Anyway, what do you think about this step?
