Trade Group Flags Impact Of Italy Regulatory Stalemate
Highlights
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The industry trade body EGP-FIPE has condemned local restrictions and called them ineffective in minimizing problem gambling.
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Even with these limitations, the state still managed to collect €364 million ($424 million) in licensing revenue,
On Tuesday, industry representatives raised concerns that Italy’s regulated gambling sector was proceeding towards a regulatory roadblock. The association has disclosed existing issues before the Constitutional Affairs Committee at the Senate hearing.
EGP-FIPE, representing Italian operators, has flagged that the growth of the legal gambling market has halted due to repeated extensions of national gambling concessions, combined with municipal and regional regulations.
Furthermore, they have alleged a lack of a cohesive national reform framework, leaving the sector “frozen”. This has led to a slowdown in the network planning and a weakening of proactive measures to address problem gambling.
The trade body has condemned the local restrictions, especially those affecting land-based operators. They further deemed these measures by municipalities as ineffective for minimizing problem gambling. Rather, it only diverts players to online platforms and the illegal market, which has little to no regulatory oversight.
EGP-FIPE has also highlighted the essence of behavioural prevention tools that currently exist or are evolving, including self-exclusion systems, play-behaviour tracking, and advanced technological monitoring solutions.
However, without a proper national governance framework, these tools provide inconsistent results.
Agenzia delle Dogane e dei Monopoli (ADM) governs Italy’s gambling market. In the previous decade, the online and gaming sector had a stupendous growth. On the other hand, brick-and-mortar retail gambling venues are subject to municipal and local regulations.
Even with these limitations, Italy generated €364 million ($424 million) as of November last year.
For more information, Refer Here!
EGP-FIPE, representing Italian operators, has flagged that the growth of the legal gambling market has halted due to repeated extensions of national gambling concessions, combined with municipal and regional regulations.
Furthermore, they have alleged a lack of a cohesive national reform framework, leaving the sector “frozen”. This has led to a slowdown in the network planning and a weakening of proactive measures to address problem gambling.
The trade body has condemned the local restrictions, especially those affecting land-based operators. They further deemed these measures by municipalities as ineffective for minimizing problem gambling. Rather, it only diverts players to online platforms and the illegal market, which has little to no regulatory oversight.
EGP-FIPE has also highlighted the essence of behavioural prevention tools that currently exist or are evolving, including self-exclusion systems, play-behaviour tracking, and advanced technological monitoring solutions.
However, without a proper national governance framework, these tools provide inconsistent results.
Agenzia delle Dogane e dei Monopoli (ADM) governs Italy’s gambling market. In the previous decade, the online and gaming sector had a stupendous growth. On the other hand, brick-and-mortar retail gambling venues are subject to municipal and local regulations.
Even with these limitations, Italy generated €364 million ($424 million) as of November last year.
For more information, Refer Here!
