The Future Looks Bright for Italian Online GamblingPublished April 29, 2018 by Florin P
Growing interest among international operators for the fast expanding Italian online gambling market.
The number of foreign gambling operators interested in entering the Italian market is on the rise. More than 80 companies have applied for a license with the Agenzia delle Dogane e dei Monopoli, the Italian gambling regulator. Those who are already catering for Italian players also have to apply to have their license extended and most of them have passed the ADM scrutiny.
The companies who are awarded a license, will be able to operate in Italy until the end of 2022. Some of the gambling operators applyed for multiple licenses and each of them costs €200,000. Nearly €16 million were collected in one sweep, or the equivalent of almost $20 million. The list of companies interested in entering the Italian market includes industry leaders such as PokerStars, Luckia, Videoslots and Lottomatica. Not only online, but also land-based operators have applied for such a license.
Italian Authorities Crack Down on Illegal Gambling
Italians have a significant appetite for gambling and the local market shows a lot of promise. Companies who plan on catering for locals need to secure these licenses first to operate in complete accord with the law. Nearly 100 online gambling operators hold such licenses and their number could double if ADM grants licenses to all applicants. Meanwhile, the Italian authorities are cracking down on illegal gambling and the police arrested people suspected of running unlawful gaming rings.
The good news for Italian players who are also law-abiding citizens is that they will have plenty of legal ways to gamble online. Operators who apply for licenses with the Agenzia delle Dogane e dei Monopoli and pass their initial scrutiny will provide a safe place to play. The Italian government brings more money to the state coffers, by awarding gaming licenses, so at the end of the day, everybody wins.