Italy opens up licensing procedure

15 Jan 2018

Italy licensing procedureThe Italian iGaming regulatory authority, Agenzia delle Dogane e dei Monopoli has finally taken the bold step up ahead and has decided to liberalize the local market. After more than 4 months of waiting, the first 120 gaming licenses have been put on the block, with 40 of them suposedly having been already "snatched" by operators already established in Italy. The new licenses will cover virtually every aspect of sports betting, casino games, bingo and the much anticipated betting exchanges. Although no special mention has been for daily fantasy sports and the use of Bitcoin and similar cryptocurrency, experts remain optimistic as the ADM has yet to rule out their regulation.

The financial and legal obligations include:

  • €200,000 as an up front fee, with the intention of accruing a total of €24 million from the 120 licensees
  • Proven capital reserves of €1,500,000 to serve as a guarantee for a two year period
  • Operators who apply for a license will have to supply €100,000 for one year as a guarantee upon obtaining the license
  • Operators must be based and regulated inside a European Economic Zone country

Typical however to the recent licensing alteration delays, the ADM has yet to announce GGR obligations of the licensees while the deadline (set for March 31st) is set to be postponed according to speculation. Licenses will expire on 31 December 2022, with several operators having already declared their interest in applying.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Renowned bookmaker Betvictor has agreed with Newbury Racecourse to become its main sponsor for 41 races in 2021, including popular events, such as the...

Read more »

Betfair announced that it has launched a new service called ‘MatchMe’. It acts as a betting advisor and allows players to edit their bets on the excha...

Read more »

The Russian-licensed betting site of Bwin, Bwin.ru, has stopped its operations in the Russian market. Last weekend, players from Russia were being dis...

Read more »

The Malta Gaming Authority (MGA) has announced that seven bookmakers have been removed from its list of licensees during the first half of 2020. The c...

Read more »

The renowned bookmaker Parimatch has been approved to acquire a license from the Ukrainian gambling regulator, the Commission for the Regulation of Ga...

Read more »

Every day we get bombarded by dozens if not hundreds of extravagant remarks by various online sportsbooks claiming to be the best when it comes to odd...

Read more »

Betfred has agreed to become the title sponsor of 2021 Challenge Cup, Women’s Challenge Cup and Wheelchair Rugby League Challenge Cup. Betfred has bee...

Read more »

Betfair recently secured an operating license from the Colombian betting regulator Coljuegos. This license allows the renowned bookmaker to operate le...

Read more »

Betzest has signed a deal with Zimpler, one of the most renowned payment methods. Zimpler is especially popular in Finland, and it offers bettors inst...

Read more »

Bet365 CEO Denise Coates and her family have topped the British taxpayer list, for a second year in a row. According to the recently published UK Tax ...

Read more »

Latest Betting Offers