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The Revenues From Online Gaming Increased by 25%

Written by: Editor

The-Revenues-From-Online-Gaming-Increased-by-25%.jpgA study conducted by the Milan Polytechnic University revealed that the revenues of the Italian online gaming industry increased by 25% in 2016. The increase was also observed for the traditional gaming industry, for services provided by the Italian casinos and lotteries. At the level of 2016, the online gaming industry registered gross domestic revenues in amount of EUR 1,03 billion, which represented an increase of 25% compared to the previous year. In order to set up a company in Italy operating in this field, the investors will need to obtain various documents available for gaming companies, following the regulations provided by the Agenzia delle Dogane e dei Monopoli (ADM). Our team of lawyers in Italy can offer more details on the applicable regulations. 
 

Italian online gaming industry  

 
The online gaming sector in Italy is developing at a fast pace, as the country was the first member of the European Union which regulated and licensed the gaming activities carried out in the online environment. The local institutions provided a legislative framework for such activities in 2006 and, at the moment, Italy represents the second largest market for gaming and gambling activities
 
Those who want to start a company in Italy operating in this field must know that the online gaming represents 5,4% of the entire industry. Also, the industry contributed to the Italian stated budget with a sum of EUR 247 million, which represented an increase of 21%, compared to the previous year, as a consequence of the suitable regulations imposed by the local agency. 
 
In most of the countries, the online activities performed in this sector are also represented by illegal gambling websites and it is important to know that in Italy, illegal activities are decreasing, as the ADM created an attractive legislation, which helped at reducing corrupt activities. Our team of Italian lawyers may provide in-depth assistance on the legislation applicable to online gambling companies
 

Types of gaming activities in Italy 

 
The Italian online gaming industry is represented by 84 operators, which perform activities in the following sectors:
 
casino games (increase of 35% compared to 2015);
sport betting (increase of 31%). 
 
The industry is well represented by the following gaming activities
 
bingo
lotteries;
virtual betting.
 
Businessmen are invited to contact our law firm in Italy for further assistance on the registration of a gaming company and for further advice on the main legal requirements established in this sense.  
 

Comments

  • Alex 2017-08-31

    I believe that this is the country most suitable for this type of business.

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