Italy has approved plans to withdraw an additional €770m from the gambling industry in 2019, as the country’s populist government hikes online and land-based taxes in an attempt to balance its controversial budget.
Taxes will rise almost across the board. Slot machines and video lottery terminals (VLTs), as well as online casinos and bookmakers, all face a hit in the next financial year.
The Senate approved the draft budget law on Sunday, with final sign-off from the Chamber expected to follow in the closing days of 2019.
The majority of the €770m figure touted by the government will be gathered via an increased levy on gaming machines.