Dolomiti SuperSki, the operator of the large ski area spanning the Italian Dolomites, is facing a refund liability of approximately €30 million following the conclusion of an antitrust investigation.
The Italian competition authority, AGCM, closed its inquiry in July 2025, determining that the pricing practices for lift passes sold during the winter seasons from 2022 to 2025 required remediation for consumers in the Veneto and Trentino regions.
5 million to cover additional costs associated with the Milano-Cortina 2026 Winter Olympics and Paralympics, highlighting the broader fiscal strain on local tourism infrastructure.
The ruling mandates that the ski operator provide refunds or discounts to customers who purchased passes during the specified period.
This financial obligation comes at a time when regional authorities are already managing significant post-Olympic expenditures.
The Veneto region recently approved a transfer of €31.5 million to cover additional costs associated with the Milano-Cortina 2026 Winter Olympics and Paralympics, highlighting the broader fiscal strain on local tourism infrastructure.
For investors and market observers, the antitrust penalty represents a direct hit to the operator’s near-term cash flow and profitability.