SBC News Voice of the Sports Betting Industry
Spanish gambling regulator Dirección General de Ordenación del Juego (DGOJ), are set to add new amendments to the current Spanish online gambling bill which will see online slots and sports betting exchanges allowed to be serviced by licensed online gambling operators.
The DGOJ are finalising amendments to current Spanish online gambling regulations, which may see the integration of slots and betting exchanges to the Spanish igaming market by the end of 2014. The DGOJ told licensed operators it had submitted its amended regulation to the European Commission (EC) last March and confirmed it expected to receive a response by 19 June.
The Spanish regulator has garnered much pressure from igaming operators, who have felt restricted by regulations concerning product inventory for the market. Currently Spainish igaming laws do not allow wagering on online slots games. The DGOJ stressed that it would need a six month window to implement changes to current Spanish provisions.
Spanish igaming has witnessed a downturn since the implementation of corporate taxation on igaming operators, set at 25% net. The Spanish regulator has not capped the number of licenses granted to igaming operators wanting to enter the market. The new amendments will be welcomed by licensed operators in the region, however it is unknown whether new product inventory will have a positive affect on the Spanish igaming industry’s performance.
