Multigioco SRL License Revocation by Italian Gambling Authority

Multigioco SRL Faces License Revocation

Multigioco SRL, a known gaming operator in Italy, recently received an official notice from the Agenzia delle Dogane e dei Monopoli (ADM), the country’s gambling regulatory authority. The notice required the company to cease all gambling operations by August 20.

Announcement and Compliance

The notification about the revocation was publicly disclosed only after the compliance deadline had passed. This approach allowed Multigioco SRL to manage the closure process without causing alarm among its users and to ensure an orderly wind-down of its activities.

Reasons Behind the Revocation

The regulator cited multiple breaches of contractual obligations by Multigioco SRL, which damaged the trust and collaborative relationship between the operator and the regulatory body. Additional issues included failures to meet concession fee payments, non-compliance with tax requirements, and other regulatory breaches that collectively led to the decision to revoke the license.

Impact on the Operator and Market Context

Losing the license is a major setback for Multigioco SRL, especially given the competitiveness of the Italian gambling market. Re-entry into this market could prove highly challenging. Notably, the regulator chose not to widely publicize the shutdown, a tactic that can reduce unnecessary stress and negative exposure for both players and businesses involved.

Background and Challenges

Last year, Multigioco SRL was sold by the Elys BMG Group to an undisclosed buyer, maintaining a modest market share in Italy. Following the acquisition, the company struggled to cope with increasing regulatory scrutiny and tax obligations, which ultimately contributed to the decision to revoke its gambling license.