01 · The change
Italy made licences cost seven million euros
In 2025 Italy rebuilt its online gambling rules. The old licences ran out and everyone had to bid for new ones.
The new price was seven million euros for a nine year licence. Italy also banned the practice of running lots of small brand names under one licence. It also made every operator move to a single web address by 13 November 2025.
For a big operator that is a cost. For a small one it is the end. Trade press in Italy reports that around 350 small sites closed because of this change. It also reports that roughly 199 named Italian betting brands disappeared from the market.
Unibet was not a small site. Kindred simply decided Italy was not worth seven million euros plus the new compliance costs.
02 · The shutdown
Closed three days before the deadline
Unibet Italy closed on 10 November 2025. The single web address rule took effect on 13 November 2025. So it went three days before it had to.
The reason Kindred gave was the new regime. Stricter compliance rules, higher standards for the technology, and the seven million euro cost of a nine year licence.
This is a market exit, not a collapse. Unibet still trades in other countries. Only the Italian site closed.
03 · The money
Balances moved to Codere
This is one of the better outcomes in this archive, and Italy deserves some credit for it.
Italian Unibet players were not told to withdraw and get out. They were moved to Codere Italia S.p.A., which holds Italian licence number 16018.
We loaded the old Unibet Italy address on 10 September 2026. It is still up, and it is now a notice explaining the move. In Italian it says the balance, the details and all the conditions stay unchanged. It also says players will find their balance and can carry on playing without a break.
It tells players to log in at Codere using their email address, with their Italian tax code as the password.
We could not find any complaints about the move. We also cannot confirm every balance arrived. A transfer between two companies can go wrong for a person who had an unusual account or an unfinished identity check. Nobody publishes those numbers.
04 · The receipts
How we verified this record
Every claim on this page is graded by how firmly we could check it. Confirmed means we saw it in the operator’s own notice or in a document that cannot easily be faked. Observed means we saw it ourselves on the live site or domain on the date given. Unconfirmed means it has been reported but we could not prove it.
05 · The questions
Unibet Italy – the questions still open
Q. Has Unibet closed?
Only in Italy. The Italian site closed on 10 November 2025. Unibet still trades in other countries.
Q. Why did it close?
Italy rebuilt its licensing rules in 2025. A new licence cost seven million euros for nine years, and Kindred chose not to buy one.
Q. What happened to my balance?
Italian accounts were moved to Codere Italia S.p.A. The old site says balances and conditions stayed the same.
Q. How do I log in now?
The notice on the old site says to log in at Codere with your email address, using your Italian tax code as the password.
Q. Was Unibet in trouble?
No. It was not fined, punished or shut down. It chose not to pay for a new Italian licence.
Q. Did other brands close at the same time?
Yes, a lot. Italian trade press reports around 350 sites closed under the new rules and roughly 199 named betting brands left the market.