Spain Gaming Revenues Rise Again!
Published on by Adam
Spain is a regulated market when it comes to gaming, which means operators cannot offer their services there unless they are licensed by Spain’s local gaming regulatory body. Their regulations are notoriously strict, their tax percentage high and at the moment, they do not allow casino games to be offered. These conditions make it a really tough market, despite how valuable Spanish players are.
In spite of the trials and tribulations to get passed for online gaming operators, the Spanish market is somehow booming, showing a revenue rise in Q2 and, they have just announced, again in Q3! With online casino slot machines set to launch in Spain early next year, we’ve no doubt the revenue increases are set to rise even further in the next few quarters. In Q2 they experienced a growth of 7% and in Q3 they have recorded further growth of a whopping 19%! Even without casino games, this market is booming, so imagine the explosion once slots are released!
In the absence of Netent video slots in Spain, they see huge growth in Sportsbook, which in Q3 2014 was a mind boggling 48% increase on Q3 2013. Spanish players are considered approximately twice as valuable as a UK player (for example) as it’s estimated that each one spends almost twice that of a UK player.
The UK is also a regulated market, but their tax payments are much lower and they allow slots, which makes the UK a much much attractive market right now, but with the high value players, and casino soon to be legalised, Spain is high up on many casinos priorities.