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The Italian Gaming Authority has finally declared that the testing phase relating to videolotteries (VLTs) is now over. After the long wait, licensees will be shortly entitled to install up to 56,697 VLTs awarding maximum wins up to € 500,000 which is a massive change for a country where there are only 4 “real” casinos (that were obviously among the major oppenents of VLTs) and criminal laws prohibit the opening up of new casinos.
This represents a relevant opportunity for:
- gaming operators and managers since they will be able to set up VLT casinos reproducing the “look and feel” of real casinos and, if this business model is succesful, Italian players are likely to prefer VLT casinos located close to their cities to real casinos that are all located in the North of Italy;
- VLT and games manufacturers as it can be confirmed by the last deals advertised on the press; and
- providers of services connected to VLT casinos reproducing in some ways the same approach adopted in Las Vegas where casinos are surrounded by a number of side-offered services (e.g. hotels, restaurants, theatres, shopping malls etc.).
The market is still to be created and it will be very interesting to see who will be its main actors.
Interested in more information on the Italian VLT market? Do you want to know the applicable regulatory requirements? Feel free to contact me, Giulio Coraggio.
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