License Approval on the Horizon for Online Gaming Operators in Spain


04/12/2012
By Maria McCoyGoogle

In December of 2010 it was reported that Spanish authorities began the process of opening the country to the online gaming world by regulating and licensing online casino games operators.  By the end of 2011, sixteen private European companies completed the paperwork for the application process. It was said that if approved, operators would be able to begin business at the start of 2012.

Now, according to industry sources, 80 percent of the applications filed are likely to be approved in the coming weeks. It has been said that, “Pokerstars, Bet365, Bwin, Ladbrokes, Sportingbet, Paf, 888, William Hill, Bet-at-home, BetVictor, Betfair, Lottomatica, Snai (decision pending), Titanbet, NetBet, Bongiorno have all applied for a general licence worth an initial €2m. Ten others including Paddy Power, StanJames, Interapuestas, (Interwetten), Unibet, Bet3000, 21kbet, Salsabet, Mybet, Bet770 are said to be still undecided as to whether to purchase a general licence.”

A local source commenting on the situation said, “They have been notified that the majority of them have complied with requirements. They have been told that they are in good shape so they can expect license approvals in a matter of weeks.”

The source went on to comment, “International gaming companies are at an advantage at the moment and, as soon as they are told they have a license, they will be able to simply plug out their dot.com operations and plug in their dot.es operations. Others, that have signed agreements with the likes of Playtech and GTECH G2 could be further behind.”

We will continue to monitor the situation in Spain and will report on any other developments in the country.

 


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