Spain Favors Regulation of Online Gambling
Spain is one of the European countries that will soon open its door to the online gambling market.
Codere, the leading Spanish gambling group, and William Hill, the popular European betting operator, have recently signed a deal.
The deal has confirmed rumors that Spain will regulate gambling and will allow sports betting licenses to land based and online gaming operators.
At the moment, the gambling industry is not regulated in Spain. But a large number of Spanish citizens and online gaming operators are asking for gaming licenses to operate in Spain.
Spain is expected to follow the lead of England to regulate the gambling industry.
According to the gambling industry expert, Spain is one of the biggest gambling market in Europe and the governments move to regulate online gambling is a wise decision.
Codere is the leading traditional land based gambling firm in Spain.
Codere earnings have come mostly from casinos, betting shops, slot games, race tracks and bingo.
Meanwhile, William Hill is popular in sports betting market.
William Hill is still not licensed in Spain, but a large number of Spanish bettors have contributed in the sports betting industry.
The partnership of Codere and William Hill is expected to flourish the Spanish sports betting industry and will give economic enhancement for government programs for the public.
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