Dgoj Approves Betting Exchanges and Online Slots in Spain
The Spanish gambling regulator, Dirección General de Ordenación del Juego (DGoJ) has finally approved and set new amendments to their online gambling bill allowing the betting exchanges and online slots to take place in Spain. In the newly amended online gambling bill, online slots and betting exchanges will be allowed only by licensed online gambling operators.
The Spanish online gambling regulator has announced that the integration of betting exchancges and online slots will be in the Spanish market at the end of 2014. DGoJ had submitted its amended online gambling bill to the European Commission (EC) in March 2014 and had told its licensed operators that they expected response in June but the response was only received in late July.
Many iGaming operators had felt that they were restricted by the regulations in the Spanish market and this had garnered so much pressure to the Spanish government. The current laws did not allow any form of online wagering and online slots but the DGOJ stressed out the issue to the European Commission (EC) and would need a six month window to implement the changes.
However, the Spanish government has not capped the number of iGaming operators entering into the market and it has also implements a corporate taxation on iGaming of 25% net. The licensed operators in the region will welcome the new amendments but it is not yet certain if these new amendments will affect the iGaming industries performance in Spain.
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