Interested operators will have two months to prepare and submit their application. The license fee is €200,000 and the licenses issued to approved applicants will be valid through December 31, 2022.
It has also become known that licenses will be awarded to interested online sports betting, casino, poker, and bingo operators. Thus, the country’s online gambling market will see major and diverse expansion. All approved candidates for entry into the market will also have to be granted a separate technical approval by the responsible regulators in order to be able to provide their services to local players.
There will be no changes in the way online gambling activities are conducted in the Italian
News emerged earlier this year that Italy has positioned itself as Europe’s second largest regulated online gambling jurisdiction. Licensed online gaming and betting operators generated overall revenue of over €1 billion last year, up more than 25% from 2015.
The future of Italy’s online poker market has been one of the main topics of discussions over the past year. Italy is one of four countries that signed a shared online poker liquidity agreement in July with the aim to revitalize their online poker sectors by merging their player pools; France, Spain, and Portugal being the other three.
Source: GMB / Casino News Daily
