The online gambling market in Spain has grown 17.7% year-on-year in the second quarter of 2020. Total gross revenue of €208.9m (£189.2m/$245.2m) for the three months to June 30 represents a 4.2% decline compared to Q1 2020, however, while advertising spend by licensees dipped significantly during the period. Habanero is a worldwide developer of software for the gambling industry and is among the pioneers in both the B2C and B2B industries. The provider specializes in complex solutions for online casinos and supplies its developments to countries all over the world. Now, Habanero begins to prepare to enter the Spanish game market. The spanish Regulator DGOJ published last Friday the 2nd quarterly report on the evolution of the online gambling market. We review the most relevant data of a document that questions the effect of the measures carried out by the Government and that are those that have become the foundations of the imminent Royal Decree that will regulate the advertising of the game. Spain emerged on the gambling map after the regulator published information in November, 2019 that the country’s gambling sector in 2018 amounted to €9.87 billion. In comparison, the gambling industry in the United Kingdom is presently worth £14.5 billion or €16.93 billion notwithstanding currency conversion rates. The Spanish market is strongly regulated by several national laws and organisations, such as the State (Lotteries), the Spanish Gambling Act 13/2011, the DGOJ (General Directorate of Gaming Management), CONFAD (National Commission to combat the manipulation of sports competitions and betting fraud) and also by European bodies like the European Gaming & Betting Association.
“Each operator will be issued with a dossier of technical requirements and instructions when they are awarded a licence and will have a period to ensure they are compliant before the opening.” a source told Egaming Review (EGR) magazine.
On May 25th, SBR reported that Betfair agreed to pay up to €10 million in back-tax to the Spanish tax authority. Betfair joined the likes of fellow online gaming companies SportingBet (SBR rating D+), who was to pay €17 million, and Bwin (SBR rating B-) with a whopping €33 million.
The back-tax is said to be a separate process from the gambling regulation, though the appointed regulator has the authority to approve or deny licences due to an operator’s standing with the Spanish Tax Authority.
Spanish Gambling Market Size
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