Crypto Assets

Search
Close this search box.
Search
Close this search box.
Search
Close this search box.
Italy working on regulatory reforms

Italy working on regulatory reforms

Facebook
Twitter
LinkedIn
Email

A new Bill, outlining a range of gambling reforms covering all sectors, is now before the Italian parliament for discussion by at least a dozen committees in what is an extensive review process.

Commonly referred to as ‘anti-mafia legislation’, the aim of the reforms is to streamline what government believes is currently a ‘splintered’ approach to gambling, both regionally and technically.

Led by Treasury Deputy Minister Maurizio Leo, the propose new legislation lays out a new organisational structure for the issuing of licences across the entire country. The Bill also outlines principles and criteria relating to responsible gambling.

Guidelines on the location of land-based gaming facilities and policies for the regulation and assessment of taxes are also included in what is a far-reaching set of proposals that also address stake and prize limits, staff training, self-exclusion and a ban on betting on amateur and junior sports.

The market in Italy is strong, and important to both the government and the industry, with GGR approaching €20bn (US$22bn). The optimistic time frame for final approval of the Bill is around a year, so any implementation will be mid-2024 at the earliest.