Italian gambling regulator L’Agenzia delle Dogane e dei Monopoli (ADM) is preparing to award up to 120 online gaming licences through a new public tender process.
The tender allows companies to apply for an umbrella licence to offer iGaming products, followed by product-specific technical licences for fixed odds and pool betting, skill games with cash prizes and casino, exchange betting, and bingo.
There are no restrictions on the companies that can apply, although those currently operating under licences from jurisdictions outside the European Economic Area (EEA) or with gaming turnover below €1.5m for the past two years will be required to complete additional steps.
These companies will be required to commission an independent appraisal to confirm that they have the necessary technology and infrastructure to operate in Italy, as well as a two-year bank guarantee of €1.5m.
All shareholders and directors of applicants will be required to pay a guarantee of €100,000 either in cash, a national bond or a bank or insurance surety, as well as complying with all requirements of the Italian Public Procurement Code.
Finally, upon securing a licence, the successful companies will be required to pay a €200,000 fee.
Companies have until March 19th to submit their applications for one of the 120 licences, which will be valid until December 31st, 2022.