The Spanish government passed a law this past May that will allow the liberalization of the online gambling market, which will require operators to sign up for licenses. Media and Entertainment Consulting Network (MECN) decided to look into whether or not this will be successful endeavor for the country.
The research based off the study showed that the operators will most likely opt for a license because the tax revenue is lower than most and they will benefit in the long run. Overall, the research highlighted that the country will be very successful.
"Many operators lost a significant amount of money in the liberalized French market – therefore, operators became more skeptical. They now analyze the financial effects of the tax rates and other key regulations (e.g., identification processes, …) even more closely," said Martin Oelbermann, the director of MECN and co-author of the study. "But the Spanish model seems to convince them and brings back a lot of optimism to the industry."
Do you think that the Spanish online gambling market will flourish? Is there a particular facet in which the industry will succeed more in – online roulette, poker or slots?