The gaming industry in Italy is waiting to see if revisions to restructure the gambling industry will be included as a policy item in Italy’s forthcoming Budget Law.
Claudio Durigon, the former undersecretary of the Economic Treasury, is said to have finalised an initial draft to “reorganise Italian gambling.”
Despite the poor luck hardships of Italian gaming, Durigon was forced to quit from his powerful position last month after making inappropriate statements supporting Benito Mussolini’s fascist regime.
Durigon had been lobbying legislators for months to advocate broad changes to Italian gaming. Durigon had made headway with fellow Lega MPs to support changing gambling legislation that the party had enacted during its cooperation with the Five Star Movement (MS5).
Parliament has decided that Durigon will be replaced by a Lega member, with Edoardo Rixi and Massimo Bitonci being the party’s chosen candidates to serve in the Treasury.
Though supportive of reforms, it is unclear whether Lega will endorse Durigon amendments to the Budget Law, a sensitive issue 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 revealed in a ‘blue book’ released by the Customs and Monopolies Agency – ADM, revealing the cost of damages inflicted on Italian gaming and its tax output by 2020.
In the midst of a pandemic year, Italian gambling’s overall gross gaming earnings (including land-based and online) fell by 33 percent to €12.9 billion, while total wagering fell by 17 percent to €75 billion.
As incumbents were forced to obey Europe’s strictest lockdown orders, the land-based gambling sector in Italy saw a +50percent GGR drop across the business segments of retail betting (-48percent), bingo (-59percent), slots-VLTs (-53percent), and horseracing (52percent) 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 investigation of 10,000 retail venues/outlets.
The Italian government continues its directives to the ADM to restrict the field size of Italian online gambling by 50 percent to 40 licences by 2023, following its examination of betting shop concessions.