Spain Online Gambling Regulation
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4th Nov 2020 | Written by: David AltanerOnline Gambling Regulations In Usa
Gambling advertising will be restricted to the early-morning hours in Spain and sports clubs will need to end gambling sponsorship contracts at the end of the current season as the Council of Ministers approved a controversial royal decree on Tuesday.
Paul Ndung’u, the former chair of Pevans East Africa, the entity behind SportPesa in Kenya, has accused the company’s foreign shareholders...
The first bricks-and-mortar casinos were legalized in Spain in 1977. However, the path to regulated online gambling in Spain has been a long and steady one, and it was only in 2012 that the government finally introduced legislation to cover the industry. Spain: Online gambling advertising, what’s coming next. In a nutshell: gambling law in Spain. Spanish National Market and Competition Commission (CNMC) issues report on forthcoming Regulation. SPAIN 2019 State Online Gambling Market Annual Report: ’Gross gambling revenue (GGR) increased by 7%’ The General Directorate for the Regulation of Gambling (DGOJ, for its initials in Spanish) has published on its website the 2019 annual state online gambling market report. The main purpose of the Spanish Gambling Act is to harmonize the regulation of online betting in Spain, an activity that clearly transcends regional boundaries and requires national coordination. However, the Act still empowers the autonomous communities to continue determining the majority of gambling regulations and policies within their.
The Spanish government has told football clubs they must terminate all gambling sponsorships by August of next year.Casino and poker growth
Spain’s online gambling market enjoyed 17.7% year-on-year growth in the second quarter of 2020 as an increase in online casino games and poker helped offset a decrease in sports betting revenues during the same time frame.
For the three months time ending June 30, total gross revenues declined by 4.2% when compared to the first quarter of the year, finishing at €208.9m ($245.2m).
Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
For online casino gaming, the industry saw a huge boost year-over-year, with revenues of €93.5m ($109.5m), an increase of 36.5% from Q2 2019. Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
Because sports were basically non-existent for much of the quarter because of the pandemic, players seemed to have shifted to online casino gaming. Slots play was up, with a GGR increase of over 30% year-on-year, with €51.9m ($60.8m) generated.Live roulette was up as well, jumping a whopping 75.7% when compared to Q2 2019. Revenue came in at €27m ($31.6m).
Poker also saw a substantial increase, rising just over 97% to €38.2m ($44.7m) in revenue.Sports betting drop
As sporting events, including Spain’s soccer leagues, were suspended during the quarter, the sports betting industry suffered a huge blow. Revenues were down 20.8% year-on-year and down 38.4% from Q1. Only €68.1m ($79.8m) in revenues were generated.
Dirección General del Ordenación del Juego (DGOJ), Spain’s gambling regulatory body, reported a large drop in betting during the second quarter. Pre-match, fixed-odds bets were down 49%. In-play wagers dropped almost 40% and total stakes across all bet types and products were down just over 40%.Advertising investment drop
During the same time period, the industry saw a huge decline in license holder investment in advertising. Because of the COVID-19 pandemic, new regulations were put in place to restrict television and radio ads to between 1am and 5am. Because of this, companies only spent €17.2m ($20.1m), a decrease of 57.6%.Gambling Rules And RegulationsBonuses also plunged, as the stricter advertising rules banned cash bonus options. Operators provided only €12.5m ($14.6m) in bonuses, a decrease of 57.3%.Online Gambling Rules And Regulations
In total, marketing spend by operators dropped across all channels and formats. Total spend was down 50.6% year-on-year to €40.6m ($47.5m).
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4th Nov 2020 | Written by: David AltanerOnline Gambling Regulations In Usa
Gambling advertising will be restricted to the early-morning hours in Spain and sports clubs will need to end gambling sponsorship contracts at the end of the current season as the Council of Ministers approved a controversial royal decree on Tuesday.
Paul Ndung’u, the former chair of Pevans East Africa, the entity behind SportPesa in Kenya, has accused the company’s foreign shareholders...
The first bricks-and-mortar casinos were legalized in Spain in 1977. However, the path to regulated online gambling in Spain has been a long and steady one, and it was only in 2012 that the government finally introduced legislation to cover the industry. Spain: Online gambling advertising, what’s coming next. In a nutshell: gambling law in Spain. Spanish National Market and Competition Commission (CNMC) issues report on forthcoming Regulation. SPAIN 2019 State Online Gambling Market Annual Report: ’Gross gambling revenue (GGR) increased by 7%’ The General Directorate for the Regulation of Gambling (DGOJ, for its initials in Spanish) has published on its website the 2019 annual state online gambling market report. The main purpose of the Spanish Gambling Act is to harmonize the regulation of online betting in Spain, an activity that clearly transcends regional boundaries and requires national coordination. However, the Act still empowers the autonomous communities to continue determining the majority of gambling regulations and policies within their.
The Spanish government has told football clubs they must terminate all gambling sponsorships by August of next year.Casino and poker growth
Spain’s online gambling market enjoyed 17.7% year-on-year growth in the second quarter of 2020 as an increase in online casino games and poker helped offset a decrease in sports betting revenues during the same time frame.
For the three months time ending June 30, total gross revenues declined by 4.2% when compared to the first quarter of the year, finishing at €208.9m ($245.2m).
Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
For online casino gaming, the industry saw a huge boost year-over-year, with revenues of €93.5m ($109.5m), an increase of 36.5% from Q2 2019. Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
Because sports were basically non-existent for much of the quarter because of the pandemic, players seemed to have shifted to online casino gaming. Slots play was up, with a GGR increase of over 30% year-on-year, with €51.9m ($60.8m) generated.Live roulette was up as well, jumping a whopping 75.7% when compared to Q2 2019. Revenue came in at €27m ($31.6m).
Poker also saw a substantial increase, rising just over 97% to €38.2m ($44.7m) in revenue.Sports betting drop
As sporting events, including Spain’s soccer leagues, were suspended during the quarter, the sports betting industry suffered a huge blow. Revenues were down 20.8% year-on-year and down 38.4% from Q1. Only €68.1m ($79.8m) in revenues were generated.
Dirección General del Ordenación del Juego (DGOJ), Spain’s gambling regulatory body, reported a large drop in betting during the second quarter. Pre-match, fixed-odds bets were down 49%. In-play wagers dropped almost 40% and total stakes across all bet types and products were down just over 40%.Advertising investment drop
During the same time period, the industry saw a huge decline in license holder investment in advertising. Because of the COVID-19 pandemic, new regulations were put in place to restrict television and radio ads to between 1am and 5am. Because of this, companies only spent €17.2m ($20.1m), a decrease of 57.6%.Gambling Rules And RegulationsBonuses also plunged, as the stricter advertising rules banned cash bonus options. Operators provided only €12.5m ($14.6m) in bonuses, a decrease of 57.3%.Online Gambling Rules And Regulations
In total, marketing spend by operators dropped across all channels and formats. Total spend was down 50.6% year-on-year to €40.6m ($47.5m).
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