Italy Looking to Expand Licensing of Online Gambling

Published Monday, January 15, 2018 - Online-Casinos.com
Italy Looking to Expand Licensing of Online Gambling

Italy has seen the writing on the wall and now realizes that online gambling is a gold mine with potential not yet fully tapped. The Italian regulator Agenzia delle Dogane e dei Monopoli (ADM) announced recently it has launched a public tender to award as many as 120 new online gaming licences.

Covering odds and pool betting on sports and non-sports events, as well as skill games with cash prizes, fixed odds betting with interaction between players, and bingo the new licences will enable operators to create online gaming platforms across various regulated markets.

The deadline of March 19 to submit an application has been established for applicants who are required to meet a series of qualifying criteria set out by the ADM in the tender form. The online gambling licences will be active through to the end of 2022 and successful applicants will be subject to a one-time licence fee of €200,000 ($241,200).

Although the ADM said it would consider applicants active operating out of the European Economic Area EEA as well as those not solely focused on the gaming sector with turnover below the established threshold of an overall gaming turnover of at least €1.5m in the last two years sector applicants must have a registered office in the European Economic Area (EEA), be active in this region and  provide at least one of the games regulated by ADM.

The ADM said it is open to applicants that undertake an independent appraisal to reveal that the firm holds the technical and infrastructure capacity, either through its subsidiaries or a parent firm, as well as those operators that have a two-year first demand bank guarantee for an amount of €1.5m.

The requirements set out by the ADM also include applicants must have a dedicated technical infrastructure that is compliant  with the national standards as well as members of the corporate bodies of the applicant meeting  the rules for both the personal and professional wishes of the Italian Public Procurement Code.

 

 

 

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