The 2nd Annual Online Casino Summit Italia (OCSI 2024) was a whirlwind of insights, networking, and forward-thinking discussions. Held in the vibrant city of Rome, this premier event brought together the brightest minds in the Italian iGaming industry to tackle the challenges and opportunities on the horizon.

As the dust settles, one thing is clear – the future of Italian iGaming is ripe with potential, but only for those willing to get along with innovation, collaboration, and a steadfast commitment to compliance. From exploring the new licensing regime to utilizing technologies like AI, OCSI 2024 provided a roadmap for success.

Let’s have a look at the OCSI 2024 recap showcasing what the event had!

OCSI 2024 Recap | Event Highlights

Online Casino Summit Italia

The Online Casino Summit Italia 2024 (OCSI 2024) shed light on the transformative forces shaping the Italian iGaming industry. Here are some key highlights from the event:

Artificial Intelligence (AI) in Sports Betting

The summit explored the growing role of AI in sports betting, particularly in developing advanced predictive models. While AI presents exciting opportunities for operators, experts emphasized the importance of understanding and adhering to the regulatory framework outlined in the proposed AI Act. Compliance with these regulations is crucial for operators leveraging AI technologies.

Adapting to Payment Regulations

With potential restrictions on cash transactions looming, the event highlighted the need for operators to adopt traceable payment solutions.

Daniele Tagliarini in OCSI 2024 Recap

Daniele Tagliarini (DTC Advisory), addressed the challenges and opportunities related to payments in the Italian iGaming sector. The upcoming regulatory reform, with its potential restrictions on cash transactions, was a key focus. Despite this, Tagliarini asserted, “Customers will still be able to move cash via the PVR channel,” highlighting alternative traceable payment solutions that ensure regulatory compliance.

The upcoming gambling regulatory reform will impose rules that pose limits on how to manage cash. It seems it will not be possible to deposit/withdraw cash to/from an online gaming account if not respecting very low amount limits and using traceable means. But, payment services are regulated by the European Payment Services Directive, and payment services providers are supervised by National Banks the Bank of Italy in our case), not ADM (the Italian gaming regulator) This means that payment services providers are in a position to serve gaming customers.

Customers can use E-Wallets and other traceable means of payment that guarantee 100% compliance. As long as a payment transaction is segregated from gaming activities, the rules the gaming regulator is likely to impose will be respected. Therefore, customers will still be able to move cash via the PVR channel.”  – Daniele Tagliarini, Managing Partner, DTC Advisory on Navigating Gaming Commerce: PVRs (Punti Vendita Ricarica), cash, technology and regulation

Innovation and Customer Focus

The Italian iGaming market is poised for disruption, and the summit underscored the pivotal role of innovation and customer focus in driving success for operators. Those who excel in product development, embrace emerging trends like social, mobile, and responsible gambling, and prioritize customer service are likely to capture a larger market share.

The OCSI 2024 provided a platform for industry leaders to delve into the challenges and opportunities arising from the new regulatory environment while emphasizing the importance of collaboration, compliance, and innovation in shaping the future of the Italian iGaming sector.

Regulatory Shifts

One of the central themes that emerged was the impending regulatory reform and its implications for operators. The new licensing tender and potential restrictions on cash transactions were topics of intense discussion. Experts emphasized the need for operators to adopt traceable payment solutions and embrace innovative technologies to remain compliant and competitive.

Daniele Tagliarini, Managing Partner at DTC Advisory, shed light on the evolving payment landscape, stating, “Customers will still be able to move cash via the PVR channel, as long as payment transactions are segregated from gaming activities and adhere to the rules imposed by the gaming regulator.”

Collaboration: The Key to Success

A resounding call for collaboration echoed throughout the summit. Quirino Mancini, from IMGL and Tonucci & Partners, advocated for a “2.0 approach” to collaboration, emphasizing the need for unity among operators, regulators, lawmakers, and the public. This collaborative mindset is crucial for overcoming negative perceptions and navigating the complexities of the new regulatory industry.

Capt. Giacomo Spinelli of INTERPOL reinforced this sentiment, highlighting the holistic approach adopted by Italian authorities in combating criminal activities within the iGaming sector. Initiatives like Operation COPREGI demonstrate the united front dedicated to ensuring a safe and legal environment for operators and players alike.

AI and Innovation: Driving the Future

The summit also explored the growing role of Artificial Intelligence (AI) in the iGaming industry, particularly in sports betting. Stefano Sbordoni from Sbordoni & Partners showcased the potential sanctions outlined in the proposed AI Act, underscoring the importance of compliance for operators utilizing these advanced technologies.

Alessandro Allara, Chairperson of OCSI 2024, summarized the event’s key takeaways, emphasizing the significance of innovation, product development, and customer service in shaping the future of the Italian market. “Those who will be good in product, those who will be good in innovation, particularly in social, mobile, and responsible gambling, will likely capture a larger market share,” he stated.

Networking and Collaboration

Beyond the insightful sessions and expert speakers, OCSI 2024 fostered a unique atmosphere conducive to forging meaningful connections within the Italian gaming market. The intimate setting facilitated real business connections and knowledge exchange, making it a vital platform for the iGaming industry.

Andrea Bellezza, Head of Business Unit at GiG Media, echoed this sentiment, stating,

The event was a good opportunity to meet and share knowledge with industry experts. It was valuable for both companies and individuals already in the Italian market and for those interested in entering it for the first time.

End Note

As the curtains fall on the Online Casino Summit Italia 2024, the event has undoubtedly set the stage for a transformative year in the Italian iGaming industry. With a strong emphasis on compliance, innovation, and strategic collaboration, OCSI 2024 has provided invaluable insights and actionable strategies for operators and exploring new regulations.

The summit’s vibrant atmosphere fostered meaningful connections and knowledge exchange, making it an essential platform for industry leaders.

Here’s to a future where the Italian iGaming market thrives through innovation and unity!

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