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Spanish Online Gambling Impressive Numbers

The liberated Spanish market is turning in some impressive figures
Spanish online punters are generating some impressive revenues for operators, according to a report this week in the internet publication El, which reveals that one million players spent Euro 2.3 billion in the first six months of legalised online betting.
"The number of people gambling online in Spain has soared since the government legalised the activity, handing out licenses to around 30 companies last June," El Paid reports. "In the last six months, Spaniards have spent some Euro 2.3 billion, according to figures released by the DGOJ gambling directorate, the body that oversees gambling in Spain.
"In November alone, some Euro 461 million was wagered."
The number of internet gamblers has surged five-fold since the government approved more liberal internet gambling laws, soaring from 200,000 pre-liberalisation to just over a million....and the average punter is spending Euro 500 - Euro 600 a year on betting.
Some 40 percent of Spanish punters play poker online, generating Euro 952 million in the last six months.  Sports’ betting is also popular, generating Euro 861 million in revenues; casino gambling Euro 371 million, and bingo at Euro 24 million.
The average online poker player spends just over Euro 50 a week, while online casino players spend Euro 33, according to a study carried out by Online Gaming Observatory.
However, as is the case in the UK, the national lottery attracts the most online punters in Spain, with 69 percent of online gamblers buying tickets online, compared with 52 percent who bet on sports.
Men make up 68 percent of typical online gamblers, and are generally well-educated and aged between 25 and 44.
Spain's cash-hungry taxman will benefit from the increase in activity, with predictions that tax revenues from the sector will this year top Euro 140 million - well over the anticipated Euro 100 million, and almost double the amount collected from gambling taxes in 2011.
The government's economic experts forecast that online gambling in Spain will grow at an annualised rate of 10 percent, with total turnover expected to reach Euro 5 billion, which would generate around Euro 160 million at current tax rates.
Other European countries report less conservative turnover predictions, with Italy estimated at Euro 9.8 billion and France at Euro 10.2 billion.
The next big wave in Spain is likely to be the legalisation of online slot action in 2013, which is likely to emulate the success achieved by similar moves in Italy this year.
El Pais notes that online gambling presently constitutes just 17 percent of the overall Spanish gambling market, but that its potential for growth is considerable.

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Gambling News :

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

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