New gaming regulation approved in the Canaries
The new law was passed unanimously by the Parliament of the Canary Islands on 7 July. This rule repeals the 1999 Act.
The new law provides that the opening of bingo in the Canary Islands is obliged to be subject to a public tender as well as casinos, horse tracks, dog tracks and pelota courts.
The license will be obtained for 10 years.
In addition, the legislation concerns the extension of the regulatory framework for television and Internet betting, which make up more than 15% of the gaming revenue in the Canaries and represents more than 1.6 billion euros. This is more than 3.5% of regional GDP.
The rules also refers to the betting expansion to external premises, because previous regulation only referred to the horse and greyhound racing and the pelota courts game and the new regulation covers all kinds of events previously predetermined.
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