» Online Casino News » Online slots and betting exchange offerings authorised by Spanish Authorities

Online slots and betting exchange offerings authorised by Spanish Authorities

03 June 2015

The Spanish gaming regulator has announced and confirmed the authorisation of licensed online gambling operators to now offer slots and exchange betting offerings. The announcement was made by the Dirección General de Ordenación Del Juego (DGOJ). Furthermore, Spain has revealed the fortunate recipients of its latest round of online gambling licences for the first time since the country’s regulated market launch in June 2012.

The 10 recipients are as follows: Ekasa Apuetas Online, Rfranco Digital, Merkur Interactive Malta, Gala Coral subsidiary Eurobet International, Eurobox, Euroapuetas Online, NetEnt Gaming Solutions, Beatya Online Entertainment, SKS365 España and Plataforma de Apuestas Cruzadas. More than 20 existing licensees who have applied for the rights to offer slots were granted the rights to expand their offerings. Some of those operators include – 888 Holdings, PokerStars, William Hill, Bet365, and online gaming and software supplier Playtech.

The Spanish legislation authorising both slots and exchange betting was passed a year ago, however it only took effect as of June 2nd, 2015. The Dirección General de Ordenación Del Juego (DGOJ) decision was no doubt influenced by recent figures from Italy, where the introduction of online slots has been credited with boosting gaming revenues by 80% and boosting the government’s tax revenue right along with it.

With the inclusion of slots, a definite boost is anticipated in the regulated market’s online gaming vertical. The impressive gain in revenue figures are already visible in the first quarter of 2015. Figures released by the Dirección General de Ordenación Del Juego (DGOJ) regulatory body showed casino table game revenue rising 38% to €12.2millon euros, outpacing the overall online market, which grew 14% to €77.4millon euros. Sports betting remained the regulated market’s star performer, rising 20% year-on-year to €45.5millon euros, while poker fell 5% to €16.8millon euros and bingo was basically flat at €2million euros.

Total online gambling spending rose 25% to €1.9billon euros in the first quarter as operators increased their marketing outlay by 34% to €22.3millon euros. The number of active players was up 20% from the first quarter 2014 and up 10.4% from the fourth quarter, while customer deposits were up 25.6% year-on-year and 10% sequentially. A clear indication that Spanish aspirations for the new slots option will have a very similar effect on its regulated market to that of Italy.

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