SiGMA

Will Italy’s upcoming Budget Law reshape the country’s gambling sector?

Posted:: Sep 27, 2021 12:32 Category: Regulatory , Casino , Europe , Posted by
Maria Debrincat

Although supportive of changes, it is unclear whether Lega would accept former Durigon’s revisions to the Budget Law

The gaming industry in Italy is waiting to see if modifications to reorganise the gambling industry will be included as a policy item in Italy’s upcoming Budget Law. Claudio Durigon, the former undersecretary of the Economic Treasury, is said to have finalised a draft plan to reorganise Italian gaming.

Durigon, who was handling the draft plan, was forced to quit his position last month after making improper remarks supporting Benito Mussolini’s fascist dictatorship.

claudio durigon
Claudio Durigon: former undersecretary of the Economic Treasury.

Durigon has been lobbying lawmakers for months to promote major reforms to Italian gaming. He had made headway with fellow Lega MPs to support changing gambling regulations that the party had enacted during its alliance with the Five Star Movement (MS5).

The parliament has now decided that Durigon would be replaced by a Lega member, with Edoardo Rixi and Massimo Bitonci being the party’s favored candidates to serve in the Treasury.

Though supportive of changes, it is unclear whether Lega would accept Durigon revisions to the Budget Law, a delicate topic as political parties prepare to compete in Italy’s 2022 Presidential Election.

The cost of damages inflicted on Italian gambling and its tax output by the COVID-19 pandemic was disclosed in a ‘blue book’ issued by the Customs and Monopolies Agency – ADM, revealing the cost of damages inflicted on Italian gaming and its tax production by 2020.

In the midst of a pandemic year, Italian gambling’s overall gross gaming earnings (including land-based and online) fell by 33% to €12.9 billion, while total wagering fell by 17% to €75 billion.

As everyone was forced to obey Europe’s strictest lockdown orders, the land-based gambling sector in Italy saw a +50% GGR drop across the business segments of retail betting (-48%), bingo (-59%), slots-VLTs (-53%), and horseracing (52%) as incumbents were forced to obey Europe’s strictest lockdown orders.

Italian gambling operators are anxiously awaiting the ADM’s decision on Italian betting shop concessions, which has been postponed until October 31.

Snaitech, Lottomattica, Sisal, SKS365, and Eurobet franchisees will be among those affected by the customs agency’s assessment of 10,000 retail venues/outlets.

The Italian government continues its directives to the ADM to decrease the field size of Italian online gambling by 50% to 40 licenses by 2023, following its evaluation of betting shop concessions.

Afternoon networking event for Women in Gaming – Amsterdam

In partnership with iGB, SiGMA will hold a 2-day afternoon networking event to celebrate Women in Gaming, an online group dedicated to connecting and supporting women across the gaming industry. This event will take place on the 29th and the 30th of September, with networking drinks and hors d’oeuvres served between 1 and 3 pm at the StrandZuid in Amsterdam. Join us!

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