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Inaugural European Gaming Congress to Examine Regulated Market in SpainPublished July 9, 2018 by Ivan P
The regulated gaming market in Spain is on the clear path of growth, helped by the recent regulatory changes, which saw significant slashes in taxation rates across the board.
European Gaming Congress 2018, the inaugural edition of a new event focused on the gaming industry in Europe taking place in Ljubljana, Slovenia, in October, will offer insights into gambling markets of a number of European countries, offering detailed analysis of the current state of affairs as well as predictions for the future. The regulated market in Spain will be one of the focal points of the event, thanks to the presentation from Martin Stöfler, a co-founder of an Austria-based company that helps operators through regulatory processes.
Spain on the Clear Growth Path
According to the information published by the DGOJ, the gambling regulatory body in Spain, gaming proceeds in the country in the Q1 of 2018 crossed the €163 million mark. While this is a slight drop when compared to the previous quarter (of 5.69%), it also represents a 28.85% year-on-year growth compared to 2017.
The path is clear for the gaming sector in Spain to continue to grow, especially thanks to the recent changes, which saw reductions in tax rates and were hailed by the entire industry. One of the biggest changes relates to the drop of 5% (from 25% to 20%) for the tax rate on the gross gaming revenue (GGR).
In light of these changes and the constant growth, many international gaming operators have expressed clear interest in entering the Spanish market, in particular Betway, who are looking to land sponsorship deals with several football clubs, like Levante U.D and Deportivo Alavés.
A Wider Scope
While the presentation on Spain will be given by Martin Stöfler, who's gathered a lot of insights during his latest involvement with the market, European Gaming Congress 2018 will look into a number of gaming markets in other European countries such as Italy, France, Portugal, Slovenia, Austria, Greece, Montenegro, Serbia, Croatia, and Bosnia and Herzegovina.
Gathering some of the best gaming industry experts from all over Europe, the event will provide invaluable insights from the insiders from different relevant fields and offer unprecedented networking opportunities for everyone in the audience.