Altenar Ready for New Regulatory Framework in Italy

The landscape of Italian betting is currently undergoing a significant transformation. This overhaul aims to reinforce safer gaming and betting standards upheld by operators and providers, all in the interest of safeguarding Italian players.

The Italian regulatory bodies have made the decision to extend the existing regulatory standards until 2024. This extension provides operators and providers with a window to adjust to any forthcoming regulations that will come into effect two years down the line.

Altenar, a provider of sportsbook software, which has experienced notable success within the Italian market, deeply appreciates the commitment of ADM (Customs and Monopolies agencies) to maintain a secure betting environment. This ensures that bettors and players who derive entertainment from betting and gambling can do so with confidence.

Given the evolving regulatory landscape, why do operators place their trust in providers like Altenar to secure the necessary licenses and certificates for operation? Let’s delve into the matter…

Altenar recognizes that harmonizing the needs of both operators and regulatory bodies is essential for creating a secure and enjoyable betting platform. Consequently, the establishment of a robust regulatory framework keeps providers and operators attuned to the requirements. This alignment ensures that the betting landscape remains a desirable space for bettors, where they can participate for all the right reasons.

The Ministry of the Economy aims to phase out in-land betting shops as part of its efforts to promote safer gaming. This strategy involves gradually reducing the number of venues in controlled, secure environments.

This transition will underscore the demand for online gaming platforms, potentially fostering a more competitive landscape. Operators will require the adaptive expertise and operational understanding of providers like Altenar.

As a result, some of the suggested measures to enhance safer gaming policies, or “mandatory centralized controls,” include:

• Imposing limits on customer spending and time
• Setting wagering stake limits
• Granting instant access to Italy’s national self-exclusion registry

The future of Italy’s betting scene holds intrigue and promise, especially for providers like Altenar, who possess the experience to navigate new regulations in a variety of well-established regulatory environments.

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Established in 2011, Altenar stands as a prominent player in the realm of iGaming software provision, guided by the aspirations of the valued clientele. Whenever a unique and unconventional request arises, their skilled professionals view it as a compelling incentive to enhance the product’s capabilities, ensuring its adaptability to fresh markets, new demographics, or evolving demands.

With a firm focus on delivering the finest tailored solutions within the sportsbook iGaming software domain, they deeply recognize the significance of trust that binds both parties. This understanding remains a foundational pillar of the brand’s identity, compelling us to exclusively operate as a B2B enterprise.

Its mission transcends the mere pursuit of maximizing profits. The objective is to cultivate a reputation as the quintessential partner-centric iGaming software provider in the industry.

Source:

“The End Of Regulatory Limbo: Italy’s Traditionally Strong Betting Landscape Revitalised | Altenar”, altenar.com, August 18, 2023.