February
5
Spain Looking to Regulate Online Gambling
In a press release late last month, Spain’s Interior Ministry announced that it will hold a conference March 9 to outline changes to the country’s gambling laws. The news comes after Popular Party members of Spain’s parliament introduced a resolution to regulate online gambling last month.
The one-day conference, Online Gambling in Spain, will take place in the InterContinental Hotel in Madrid and will feature addresses from the Ministry of the Interior’s Technical Secretary General, María Ángeles González, and Eduardo Antoja, President of the Spanish Gaming Association, among others.
The press release stated that the conference will provide “exclusive insight” into Spain’s new regulatory system “and what the resultant landscape may look like.” According to the conference’s website, www.spainonlineconference.com, Spain’s gambling market generates some $52.7 million in bets annually.
”New regulations,” the site says, “will allow for Spanish online-gambling licenses to be issued to EU-based operators, but will also impose tough sanctions on unlicensed companies targeting the booming Spanish market.”
Gambling Compliance Ltd. and Spanish law firm Legal Link are cosponsoring the conference and representatives from the two companies will be present to answer questions concerning legal issues.
The US should follow suit and try the same thing.