Posted on: December 21, 2023, 06:58h.
Last updated on: December 21, 2023, 06:58h.
The European Gaming and Betting Association (EGBA) has expressed deep concerns about Italy’s proposed online gambling reforms, which has significant implications for the sports betting market.
The organization asserts that the substantial licensing fee of €7 million (US$7.66 million) proposed by the Italian Council of Ministers is unprecedented and could violate European laws.
Struggle for Italian Sports Betting Market
The EGBA argues that the proposed fee is “unjustifiably high” compared to previous fees for Italian online gambling licenses, and could significantly impact the Italian sports betting market.
The EGBA also criticizes the advertising ban for online gambling, claiming that it would hinder operators from reaching their target audience and negatively impact market competitiveness.
EGBA Urges Balanced Approach
The organization is calling for a reconsideration of the proposed decree to prioritize market competitiveness, player protection, and compliance with EU law. They are ready to work collaboratively with Italian authorities to achieve this goal.
The EGBA’s intervention is a significant step in the ongoing debate surrounding Italy’s online gambling regulations, and it is hoped that their position will have considerable influence on the future of the Italian sports betting market.