Italy’s Treasury Ministry under the new “National Conservative” government of Prime Minister Giorgia Meloni is urgently calling for a reorganization of gaming laws, reported Agipro News.
The new government has signaled that it intends to fix a number of issues that the gambling sector has called for. Stakeholders have been told to be ready for an “industry reorganization in the coming months,” reported Agipro.
Treasury Deputy Italo Volpe has been put in charge of the revamping, with the goal of “bringing stability to the marketplace.”
Volpe told a conference in Rome, “A regulatory intervention on the market must be made: it is reasonable to think that in the tax reform bill, there will also be a chapter dedicated to the gambling sector.”
In addition, some ministers who were seen as hostile towards gaming have been replaced. Among them is Marcello Minenna, who headed the country’s Customs and Monopolies Agency and who had crafted a decree that would have cut in half the number of gaming concessions.
He was overruled by Parliament.
Volpe declared last week, “The two-year extensions of the gambling licenses approved in the last budget law is a signal that must be grasped.” He added, “We should try to restart the tender process, through a cyclicality that seems to have been lost along the way.”
He added that a comprehensive year-long review was needed to analyze why the market is not as competitive as it might be.
