Italy's gambling sector continues to grow, making it the second largest in Europe. Since the government agreed to regulate the market completely, Italy appears to be teasing the palate of more investors, who are now targeting its seductive markets. Although Italy has reported a significant decline in cash games, it is taking steps to revive them, which opens up greater potential for foreign operators to most successfully deploy the market.
Italy's arduous way to a regulated gambling marketAttempts to legalize and regulate the gambling sector in Italy date . The move was prompted by strict regulations in Italy, as even qualified and reputable European gamblers, except for the Italian National Olympic Committee and the National Horse Breeder Reinforcement Association, have banned online gambling to the Italian people. All other gambling websites were blocked in Italy, making them inaccessible to Italians. But the Italian gambling law appears to have violated EU standards. The European Commission began infringement proceedings against Italy, and the Italian authorities needed to change the legal framework.
That a new law went into effect that allowed foreign gambling operators to provide Italian residents with games that cost real money. Under the new law, operators are required to hold licenses issued by Italy's gaming regulator, more precisely the Autonomous Administration of State Monopolies (AAMS). Businesses expressing their willingness to qualify for a license must not only meet certain financial and technical conditions, but also protect the interests of Italian athletes by introducing player-friendly services. 온라인카지노
Online casinos accounted for 25% of revenue, a fifth more than the previous year, with 84 foreign operators reported to have entered the Italian market , and all operators have begun to broaden their game choices and attract customers' attention.
Italy's Cash Game CrashAs for gambling, the importance of cash games cannot be overlooked. Poker contributed a fair share to the national revenue pie. Just four years later, poker experienced a significant decline. In fact, all cash games reported a 7% decline. Experts point out a 15 percent drop in cash game shares and a rise in online casinos are responsible for the sharp downgrade.
What should be mentioned here is that France, Spain, and Portugal also showed similar trends, which resulted in the signing of the so-called online poker liquidity agreement, signed by all four countries.