• Spain Has New Online Gambling Law

    06 September 2011

    Newspaper

    Bad economic times are not just constrained to the United States. European country’s are also facing tough times and looking for ways to boost the bottom line. Some, like states are doing in the U.S. are looking at regulating online gambling as a way to so just that.

    In a press release Spain announced a new law on online gambling:

    VALETTA, Malta — (PRESS RELEASE) — Online gambling is growing rapidly in Spain. Therefore, the government is introducing a new law. This law will regulate the online gambling industry. With this online gambling law, the Spanish government will give a positive boost to the economy. Just for 2012, it will lead to an extra income of €137.5 million, a boost of 120.000 extra job opportunities and a reduction in gambling addiction.

    Growing popularity of online gambling
    In 2010 there were more than 370.000 online gamblers in Spain (AEDAPI). This represents an increase of 33% compared with 2009. Graphic 1 below illustrates the expected increase in Spanish online gambling players over the coming years. Because of this enormous growth in online gambling, the Spanish government wants to regulate the online gambling market.

    €137.5 million extra income in 2012
    The Spanish government will receive a boost in revenue by regulating the online gambling industry. Based on recent surveys and comparisons with other countries that already have a regulated online gambling industry, an estimation of the extra revenue for the Spanish government can be projected. Table 1 below illustrates that Spain will receive a minimum of € 137.5 million from taxes and licenses.

    Estimated incomes 2012
    Tax: €109.5 million
    Licenses: €28 million
    Total: €137.5 million

    120.000 jobs created

    For many years now, Spain has had a high unemployment rate. The implementation of the new gambling law can put an end to this by creating more jobs. Compared to the online gambling regulation in Ireland, where 12.000 new jobs are expected, an estimated 120.000 new jobs can be expected in Spain. This is derived from the proportional comparison of the populations of Ireland and Spain.

    Reduction in gambling addiction

    With the new gambling law, remote gaming providers are obligated to pay more attention to gambling addicts. Their website need to refer problem players to organizations specialized in problem gambling. When a person indicates that he/she has got a gambling problem, access to different gambling websites can be restricted. This cooperation will lead to less gambling addictions and improve current levels of assistance provided to problem gamblers.

    Related News

    • 06 March 2018

      Denmark and Romania See Blueprint Entrance

      The current nature of the regulation of the online gambling industry has each individual country (and sometimes areas within those countries) having their own bodies to regulate the industry. As such, getting a license to operate in each individual area is an important part of the strategic expansion of any given operator or software developer.

      Read full article
    • 23 January 2018

      Play'n GO Gains Certifications in Spain and Colombia

      Leading online and mobile casino slots supplier Play’n GO recently announced that the footwork ahead of entering two new major markets has been completed. The Swedish company has been licensed and had its games certified for play in Spain and Colombia. Following the rigorous certification process, the approvals will allow Play’n GO slots to be accessed and supplied by operators that are licensed in the two markets. Expanding Markets

      Read full article
    • 02 November 2017

      Malaysia Cracking Down on Illegal Gambling; New Law Possible

      Malaysian authorities are making good on their promise to crack down on illegal gambling operators, including online providers. The country's Common Gaming House Act 1953 was created before the advent of online gaming, and although still considered illegal, some operators have found ways to get around the act by using family entertainment center licenses and other means. One politician wants to close any loopholes that might exist. Latest Crackdown

      Read full article