Spain Makes Third Online Gaming License Application Call

Staff Writer Industry News 1,731

Spanish online gambling market was fully regulated back in 2011 and this European country is now issuing its third call for licenses with application window that will be open from 17 December 2017 to 16 December 2018.

Online Gambling License Application Window Reopens

A new licensing tender will welcome applications from entities looking to offer games through electronic, telematic or interactive channels in Spain, the Direccion General de Ordenacion del Juego (DGOJ) has revealed.

DGOJ, which is Directorate General for the Regulation of Gambling in Spanish, has reported that Spanish online gambling and betting market continues to grow with a 16.6% increase in gross gaming revenues during the third quarter of 2017 compared to the second fiscal quarter of the expiring year.

The total of €140.5 million was generated despite a 3% fall in amount spent on advertising compared to 2016, whereas this sum represents a whopping 37.3% rise to the third quarter of last year.

Slot games stood as the greatest contributor to casino sector numbers with €22.3 million generated in the aforementioned third quarter. Roulette made impact with with €9.1 million, whereas poker displayed encouraging signs of improvement with €14.7 million.

Betting on Betting

The biggest contribution to overall gambling numbers was made by sports betting revenue which stood at €77 million. The DCOJ is currently engaged in a consultation over new advertising rules that would bring improvements to regulations talks which have stalled over the past two years.

Spain is attempting to make its gambling market – and especially the lucrative betting sector – as engaging and enticing as possible for new operators.

“The proper functioning of the regulated online gaming market is fundamental to ensure that gaming activity is sustainable and compatible with social welfare, making it possible to channel it into an adequate legal framework and with all the guarantees that regulation establishes for consumers,” the DCOJ reported in a statement.

Spanish regulatory body is expecting that possible new operators will recognise the potential, proven probity and viability of the Spanish market followed by constant technological advancement and improvement of the regulatory framework.

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