The future of the industry

San Marino will maintain a compact, concession model with an emphasis on service quality and risk control.

Vector - "quiet" digitalization: eID identification at the entrance, cashless cash registers, behavioral triggers of a responsible game, advanced AML reports and affiliate monitoring.

Online will remain targeted and permissive (under special licenses) with strict limits and moderate marketing.

Growth will be provided by partnerships with tourism and the event sector in Italy (casino + hotel + event packages), VIP individualization and an omnichannel of loyalty.

Key risks - regulatory costs and seasonality; the answer is operational efficiency, an ESG approach and a stable sewerage of demand into the legal segment.