Spain Delays Online Gaming Launch by 6 MonthsPublished January 4, 2012 by OCR Editor
Europe's fifth largest country gives regulators more time to review license applications.
For the online gambling world, the coming of the New Year was supposed to mark the beginning of a new era for Europe. And while this is still well and truly on track, things will progress a little slower than expected in Spain.Six-Month Delay
Spain this week announced that it would delay implementation of new online gambling laws, in order to give regulators more time to review license applications. The postponement means Spanish gamblers will have to wait until June 30 for the changes to come into effect.
Europe's fifth most populous country passed its new gaming laws in February 2011, and 61 operators submitted applications before the December deadline. Applicants included PokerStars, bwin.party, 888, Ladbrokes, and Groupe Bernard Tapie, which is completing the purchase of Full Tilt Poker.Lucrative Market
According to a report released by Media and Entertainment Consulting Network last month, the Spanish online gambling market will be a huge success and is expected to grow to a value of around 680 million euros by the the year 2015.
Gambling taxes in Spain have been set at just 25 percent of gross revenue, making the country far more appealing to online gambling operators than France. This is the reason all the major European and global operators are competing to enter the market in June.
For more on online gambling in Spain, visit Online Casino Reports Spain