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New Licenses for Online Casinos in SpainPublished November 13, 2014 by Mike P
Global gambling operators are currently submitting applications to enter the Spanish market in a fresh round of online casino licensing and iGB will offer a free webinar on November 13.
Spain is seeking to energize its economy by generating revenue from the country’s struggling iGaming industry. To that end, the Spanish Directorate General for the Regulation of Gambling (DGOJ) initiated a fresh round of online casino licensing on November 1. Applicants for the latest round of licensing will have until 13:00 CET on December 9 to make their submissions before the deadline closes.
Applicants will have the opportunity to try an snag one of two licenses. The first of those is to apply for a general license that will give the holder the authority to operate all types of online gambling games. That prospect will prove to be the most enticing for multinational gambling operators, who already have their software infrastructure in place.
The second option is for applicants to seek a more limited license, suiting those with smaller operations. In the event of an approval, these applicants will be permitted to host online slots and provide access to Spanish players. Until the current round of licensing was opened, Spain had never permitted a dedicated slots license. The only possible option had been to apply for the general license.
When the current licensing round has been completed, successful applicants will receive their license and can start operations immediately. Technical certification is expected to be concluded approximately four months into the life of the license. DGOJ has explained that the reviews will not take longer than six months.
Free Webinar from iGaming Business
A changing market will typically present new challenges for operators who are considering entry to the market. To educate potential applicants, iGaming Business is hosting a free webinar that will outline the precise details of the Spanish online gambling licenses, including key dates and technical requirements. The webinar will be hosted on Thursday, November 13, from 12:00 until 13:00 CET.