Italian gaming regulators have opened up the country’s online gambling license process and put 120 potential licenses up for bid.
About 40 of the licenses are expected to be issued to operators already present in the country’s gaming market that renew existing licenses.
Gambling operators will be able to apply for licenses covering sports betting, slots, bingo and casino games, among others. Potential licensees that do not already hold a European Union sanctioned online gaming license for the Italian market and with a minimum turnover of €1.5 million for a period of two years will have to secure an additional €1.5 million in bank guarantees.
The country will take application to March 19. Applications usually take three to five months to be awarded. Applicants wishing to take part in the bidding process must pay a €200,000 participation fee.
The new licenses will be valid until December 31st 2022. Operators such as Winamax, Marathonbet and Pinnacle have already expressed an interest in obtaining a license.
The licensing window was expected to begin in September, but was delayed according to local reports.
