The Directorate General for the Regulation of Gambling (DGOJ) has published a resolution approving the procedure for the application and granting of new online gambling licenses in Spain.
President and founder of online gaming association Jdigital Sacha Michaud said that around ten new operators are expected to enter the online market now that the DGOJ has published the new resolution. According to Jdigital, these “will be added to the 52 that already exist in the Spanish market.”
In September, the DGOJ announced that it would soon begin to grant more licences and would begin to evaluate applications from operators in the near future. According to the new regulations published on December 12th operators will be given a year to submit their applications in order to facilitate the entry of more companies into the growing online gaming sector. Michaud explained that “the entry of new operators will mean a greater investment in the market; we estimate an additional €20m during the next 12 months.”
According to the latest data from the DGOJ, the online gaming industry generated €9,777m in the first nine months of 2017 – 22.6 per cent more than in the same period in 2016. These figures generated GGR for the operators of €388m, which amounted to an increase of 27.7 per cent compared to the first nine months of the previous year.
“These double-digit growth figures over recent years have made international operators keep an eye on our market and to want to take part in it,” said the President of Jdigital, who added, “We trust that the investment the sector will receive in the coming months will accelerate growth.” According the organisation the margin for growth in the online market is still very high as the land based sector still accounts for 94 per cent of the market.