International edition
September 24, 2020

The new gambling law to be approved before Summer

Spanish online betting firms to operate in 2011

(Spain).- The new gambling law may come into force before the following European summer. If so, the first authorized operators could operate from Spain at the end of 2011 or beginning of 2012. However, the taxation on online betting which, according to State Lottery and Gaming (LAE) may be of 10%, may become the main obstacle to reach an agreement between the Ministry of Economy, LAE, the autonomous communities and operators.

T

he online betting firms will be legally operational in Spain at least at the beginning of 2012. The director of Coordination of State Lottery and Gaming (LAE), Juan Carlos Alfonso, has assured during a congress held in Copenhagen that the new gambling law would be approved before the beginning of the summer 2011. If so, the first Internet gambling firms could obtain their license to operate in Spain in just a few months.

"We think that, by the end of 2011 or in the first months of 2012, we will be able to have the first licensed operators working in Spain”, anticipated Alfonso during the European iGaming Congress, according to an article released by Gambling Compliance. With regards to the characteristics of the licenses, Juan Carlos Alfonso, assured that they will be different from the ones granted to operators of online sportsbooks, as well as from those whose activity is focused in poker and casinos, and these last ones will be processed together.

LAE executive stated that last October 14th it took place the first formal meeting between the Ministry of Economy and the representatives of the autonomous communities, that have the gaming competences transfered. Besides, he anticipated that next Wednesday it will be held the second meeting, where it will have to be treated the taxation that online operators will have to pay. In fact this may be the main escollo to reach an agreement between operators and administrators. LAE executive discarded, during the congress held in Copenhagen, a 10% tax on gross income proposed by some autonomous communities, considered “too low”. In this sense, he assumes that the tax is the “most controversial part” of the new law.

"The most important factor when taking a decision will be the criteria of the autonomous governments and not the operators’ opinion, although they will be consulted on the matter.”

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