The Spanish national gambling authority, Dirección General de Ordenación del Juego (DGOJ), has announced the opening of the new licensing application process.
This is the third time that DGOJ is reopening the application process since the current gambling laws came into effect in 2011. According to available information, all those operators interested in entering the Spanish market will have a full year to apply for a gambling license, since the process will be open until December 16, 2018.
Making the Most Out of the Current Growth
The latest move comes at a time when the gambling industry in the country is experiencing a significant growth. Market experts estimate the current trend will continue in 2018 as well.
Last month, DGOJ released the numbers for the year's third quarter, revealing a 37% rise in revenue when compared to the corresponding period of the previous year. When translated into hard currency this means the country's industry took home a combined revenue of €140.5 million.
So far in 2017, all three quarters ended with a year-on-year increase in revenue, which are quite impressive results.
New Possibilities and Market Opportunities
Following the announcement, the Spanish gambling watchdog issued a statement saying the publication of the call, the third one since the online market was regulated in 2011, opens up new possibilities for entities interested in offering games through electronic, telematic or interactive channels in Spain to develop this offer through the request of corresponding licenses.
DGOJ also stated that proper functioning of the regulated online gaming market was fundamental to ensure sustainable gaming activity, compatible with social welfare, making it possible to channel it into an adequate legal framework and with all the guarantees that regulation established for consumers.
According to DGOJ, the new opening will increase the competitiveness and the level of protection through the regulatory framework. The Spanish regulator believes it is essential to allow operators of proven probity and viability to enter the local market.
The arrival of new market players will complement the current offer and strengthen the constant dynamics of technological innovation characteristic of this environment.