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Italy’s Online Gambling Reforms Face Criticism from Trade Association Logico

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Logico, a prominent trade association in Italy, has voiced significant concerns over the proposed online gambling reforms by the country’s Ministry for Economy and Finance (MEF). The association, while acknowledging the need for updated regulations, warns that the new measures could adversely affect market competition.

Italy’s online gambling sector at a crossroads! Logico challenges proposed reforms, citing concerns over steep licence fee hikes and competition.

A central point of contention is the MEF’s proposal to drastically increase the licence authorisation fee from €200,000 to a staggering €7 million. Logico argues that this hike would drastically reduce the number of concessionaires, potentially from the current 83 to about 20, thereby diminishing competition. The MEF justifies this fee, pointing to the market’s domination by major players like Entain, Flutter, Lottomatica, SKS365, and SNAI.

Logico and other operators are seeking a more balanced approach to regulation, emphasizing the need to safeguard the market from unlicensed gambling. They are advocating for stricter measures against payment service providers (PSPs) that facilitate unlicensed operators, a sector estimated to generate €1bn in gross revenue annually.

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Keep an eye on Italy’s evolving online gambling landscape. These reforms and the industry’s response will shape the future of digital gaming in the country, impacting operators, players, and the overall market competitiveness.

The European Gaming & Betting Association (EGBA) echoes these concerns, suggesting that Italy’s 2018 ban on gambling adverts has inadvertently bolstered black market operators. This ban, according to the EGBA, limits the ability of licensed operators to promote their services, thus favoring unregulated entities.

“Nearly €1bn in online gross gaming revenue in Italy is lost to black market websites annually, equivalent to the combined regulated online gambling revenue of eight other EU member states,” the EGBA stated.

Reflecting the complexity of gambling regulation, the Italian media and communications regulator AGCOM recently fined Google and Twitch for breaches of the country’s gambling ad ban. This action, resulting in fines against Google Ireland and Twitch Interactive Germany, followed an investigation into over 20,000 videos across YouTube and Twitch promoting gambling activities.

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As Italy navigates these regulatory changes, the balance between fostering a competitive, regulated market and curbing unlicensed gambling remains a key challenge. Logico’s stance and the broader industry response highlight the critical need for regulatory measures that support a healthy and competitive online gambling environment in Italy.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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Daily News

SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report

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In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.

Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.

A Year of Remarkable Growth

Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.

Expanding Reach and Impact

One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.

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Introducing the Prime Jackpot Campaign

A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.

Insights from SOFTSWISS

Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.

Looking Ahead to 2024

In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.

Meet SOFTSWISS at ICE London

The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.

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About SOFTSWISS

SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.

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