Morgan Stanley expects possible Italian retail gaming concession extensions
Morgan Stanley analysts said Italy may extend its existing retail gaming concessions for up to two years because of the tight timetable for sector reform. They forecast extensions covering 2027–2028, with new concession payments potentially shifted to 2028–2029; the report also models bids 10% above the base price for each lot.
The forecast gives operators an indication of possible concession timing and bid costs, but does not confirm a government decision.