New Italian licenses by year-end?
News on 11 Oct 2018
News on 11 Oct 2018
Reports from the Italian market are that at the gambling regulator, Agenzia delle Dogane e dei Monopoli (ADM), officials are finalising their verification and approval process on the next batch of 120 online gambling licenses which (last we heard) came with a hefty licensing fee of Euro 200,000.
It’s been a long drawn out project so far, but officials have expressed the hope that the licenses will be awarded before the end of this year – some time behind schedule, and valid to end December 2022.
The project started in January this year after long delays, with an invitation to submit applications for online gambling and betting licences.
The intention at that stage was to have a deadline for applications to be submitted of March 2018, followed in April by the applications inspection procedure and then licenses issued around five months later by September this year, but that proved unattainable. .
It is believed that 70 companies have submitted applications on a “first come, first served” basis for various licensing categories that include sportsbetting, horse betting, casino, poker, skill games, fantasy sport, bingo, betting exchange, bets on virtual events and an overall license for anything not already covered.
Officials cautioned however that at least a third of the new licenses are expected to be awarded to the existing operators in the market whose licenses are expiring.
Industry observers are watching the licensing process closely to see whether the drastic anti-gambling marketing measures recently imposed by the new coalition Italian government will discourage operators from licensing in what is regarded as a very lucrative and successful retail and online gambling market.
News on 11 Oct 2018
Reports from the Italian market are that at the gambling regulator, Agenzia delle Dogane e dei Monopoli (ADM), officials are finalising their verification and approval process on the next batch of 120 online gambling licenses which (last we heard) came with a hefty licensing fee of Euro 200,000.
It’s been a long drawn out project so far, but officials have expressed the hope that the licenses will be awarded before the end of this year – some time behind schedule, and valid to end December 2022.
The project started in January this year after long delays, with an invitation to submit applications for online gambling and betting licences.
The intention at that stage was to have a deadline for applications to be submitted of March 2018, followed in April by the applications inspection procedure and then licenses issued around five months later by September this year, but that proved unattainable. .
It is believed that 70 companies have submitted applications on a “first come, first served” basis for various licensing categories that include sportsbetting, horse betting, casino, poker, skill games, fantasy sport, bingo, betting exchange, bets on virtual events and an overall license for anything not already covered.
Officials cautioned however that at least a third of the new licenses are expected to be awarded to the existing operators in the market whose licenses are expiring.
Industry observers are watching the licensing process closely to see whether the drastic anti-gambling marketing measures recently imposed by the new coalition Italian government will discourage operators from licensing in what is regarded as a very lucrative and successful retail and online gambling market.
