11.07.2015 Views

here - Welcome to neilmead

here - Welcome to neilmead

here - Welcome to neilmead

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

www.euroslot-online.comSPAIN MARKET REPORTMadrid led the way in allowing video slots in 2009, a policysince adopted elsew<strong>here</strong>.Online gamingOfficially, the online gaming market in Spain <strong>to</strong> date has beensmall, with about ¤45m spent annually on lotteries and somesports betting. However, it is estimated that a far greater figure– as much as ¤1.6bn – might be spent with foreign opera<strong>to</strong>rsillegally taking Spaniards’ bets. T<strong>here</strong> are believed <strong>to</strong> be around370,000 Spaniards betting online.This, and of course the pressing need for the fiscally-strappedcountry <strong>to</strong> raise new revenue, have led <strong>to</strong> the biggest change inthe Spanish market for some time – the introduction in May lastyear of the new gambling law originally announced in 2007.Spain’s regula<strong>to</strong>ry structure has been bifurcated for decades.T<strong>here</strong> has been a national legal framework for gambling in placesince 1977, and that has continued <strong>to</strong> remain in force, but thebulk of regula<strong>to</strong>ry decision-making has been devolved <strong>to</strong> theau<strong>to</strong>nomous communities since 1985.The 1977 framework did not, of course, envisage the arrival ofonline gaming, and that has led <strong>to</strong> some anomalous situations –for example, the au<strong>to</strong>nomous community of Madrid went aheadwith legalising Internet gambling before the nationalgovernment, ironically based in the same city, had done so.The new rules should bring some clarity <strong>to</strong> this situation andthe first online gaming operations authorised under them arenow established.A new supervisory body, the Comisión Nacional del Juego(National Gaming Commission), is being created withnationwide oversight of licensing.A further new body, the Consejo de Políticas de Juego(Gaming Policies Board), will advise on regula<strong>to</strong>ry andenforcement policy, and include representatives from t<strong>here</strong>gions.Taxation for the majority of games has been set at 25 percen<strong>to</strong>f gross gaming revenue, after the government – followingprotests from the likes of the Remote Gambling Association –did a U-turn on earlier plans <strong>to</strong> levy taxes as a percentage of<strong>to</strong>tal stakes.This page was sponsored by:JULY/AUGUST 2012 27

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!