25 Sep Right time 🤞 for Italian betting shop tender?
Will the tender for Italian betting shop licenses finally be launched? What to expect in the current uncertain scenario? Who will invest in the market?
✍️ The Italian betting shop tender
I had already discussed in the past about the upcoming tender for Italian betting shop licenses. All the licenses of current operators in the market expired and a tender was announced over two years ago for the award of
- 10,000 betting shop licenses at an initial bidding price of € 32,000 and
- 5,000 betting corner licenses at an initial bidding price of € 18,000.
The blocker of such tender was the achievement of an agreement between the Government and the local municipalities on the location of the betting shops and their time of operation.
This agreement was meant to be achieved last year, but then the Italian Government changed and we don’t know what is going to happen.
🤞 Right time for the tender ?
Pending the implementation of the measures provided by the achieved agreement between the Government and the local municipalities, the Italian budget law had provided that the betting shop licenses were extended up to the end of 2018 against the payment of € 6,000 per each betting shop license and € 3,500 per each betting corner licenses.
But the budget law also provided that the Italian gambling authority had to launch the tender for the new licenses by the 30th of September 2018.
Such deadline was set out on the understanding that in the meantime local laws on the time of operation and location of betting shops and gaming halls would have been clarified. On the contrary, given the change of the Italian Government, nothing has been achieved. At the same time, the Budget Law provided for tax entries of € 410 million through the tender and the question is whether the Government will be able to afford a further postponement of such entries.
As unfortunately often happens in Italy, there is a considerable uncertainty, but the actual winners of this situation seem to be the current license holders which have been operating for over two years with an expired license.
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