Marcelo Ruiz, Director of New Businesses at Egasa XXI

"Eurovegas will help normalizing the gaming issue in our country"

2013-04-25
Reading time 1:29 min
(Spain).- Marcelo Ruiz, Director of New Businesses at Egasa XXI, a company dedicated to entertainment through recreational slots, bingo halls and casinos in several countries, showed his confidence in the future of the Spanish gaming sector. "In Spain we are accustomed to gaming: we have had lotteries since 1700 and we have always made bets.”

He acknowledged that there are taboos and prejudices around. I think those taboos could be eliminated with Eurovegas arrival: "I think Eurovegas will help normalize the gaming issue in our country.” Besides, he has shown his conviction on the fact that "as long as gaming is understood as a leisure and entertainment industry, it will not cause any problem.”

Marcelo Ruiz reminded that Egasa is a Spanish multinational family company with more than 30 years of experience and with an “enviable financial solvency". He assured that they have a great expansion plan, with an investment of more than 150 million euros for the 2011-2015 period. 

Besides, he wanted to differentiate from the rest of the gaming operators working in Spain without being Spanish. "We have a great structure with all the guarantees and security.” He praised the work of the government at the latest gaming regulation, in which all the companies operating in Spain are obliged to pay taxes in the country. "All the companies operating with a .es domain comply with the law; and those who do not do it, are pursued by the regulator.”

Ruiz also explained how took the plunge to online gaming under the Luckia brand. He assured that online gaming is another gaming channel. But the great challenge, he says, is reaching the consumer through the brand: "Now he will decide what to play and with whom.”

With the changes implemented at the latest income tax return, Egasa sources show their satisfaction: We defend that, if the player has gaming winnings he has to b taxed, but not each time that money is move. In the end, surplus value has to be paid.”

Finally, when consulted about the possible privatization of State Lotteries and Bets (LAE), he explained that “no matter if it is privatized or not, it will continue being a  quasy monopoly of what the national lottery is, because it is almost impossible to face it.”

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