International edition
September 24, 2020

LAE has delayed the processing that should regulate online gambling

The Spanish Government aims to raise its revenue with new games

(Spain).- The LAE (State Lotteries and Gambling) met with Lottery managers to announce their plans. Among the measures that are shuffled are to sell lottery in bars and the entry into the business of online gambling.

T

he most immediate is the agency's division into two companies, a process similar to that as other public companies in other sectors such as railways (RENFE and Adif). When approved, the LAE is split into two companies: one for game regulation and one to compete in the market.

Once approved this division, the objective of the LAE, marked in the program under which they operate, is to launch new games to boost their income.

Although at the moment it is only laying the groundwork to create new games, private associations have rescued an old argument to attack the government's plans. "It is unbelievable that the state wants to increase their revenues by encouraging compulsive gambling," said one industry executive.

In the industry they are convinced that the LAE will enter the world of online gaming, which continues its rise in turnover (+17% in 2008). "The future is this: Internet gambling and, most importantly, the mobile phone," said an industry source.

In addition, the LAE has delayed the processing that should regulate online gambling, which is now a legal loophole allowing them, for example, does not pay taxes. "There have been two meetings with the industry to do so and the third to be held on November 27 in Tenerife, off the" industry sources explained. "If it was because he first wants to make their own arrangement of the LAE and then the game online to join them," the source insisted.

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