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GOOD POTENTIAL IN SPANISH GAMBLING MARKET
12/20/11 : Latest MECN study says Euro 680 million in online revenues by 2015 is achievable
The news of late has been full of reports on Spain's gambling market liberalisation and the internet companies flocking to obtain Spanish licensing, so the release of MECN's latest research study focusing on Spain is timely.
The study found that 80 percent of large gambling companies intend entering the online sector of the market, recognising it as a key region for expansion, and that the Spanish tax regime enshrined in the new regulations will make it possible for operators to prosper, unlike the situation in France which is now under review.
The figures regarding the Spanish gambling market quoted in the MECN study are impressive: total market size in 2010 of ca. Euro 28 billion in turnover/wagers and Euro 9.5 billion in gross revenues.
The online gambling market (gross revenues) is estimated at Euro 465 million in 2010 and is expected to grow to over Euro 680 million by 2015 with betting and poker leading the way.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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