Castilla y Leon signs remote gambling decree
Friday November 9, 2012 : SPANISH AUTONOMOUS STATE SIGNS REMOTE GAMBLING DECREE
Progress made in four-year process
The Board of Spain's largest autonomous region Castilla y León in the North West has eventually approved a decree to regulate remote gambling which was published in Castilla y León's Official Gazette early last week.
The decree covers regulatory principles, specifies remote gaming channels, consumer protection, the type of games authorised, tax liability and a licencing framework.
Following the successful application of an operating (then followed by a marketing) licence, operators will be authorised to offer bingo, slots, sweepstakes, raffles and games of chance that include casinos, poker games, roulette and blackjack.
Operators will be required to partner with a Castilla y León resident company or legal entity in the gaming sector with varying associative percentages, hold a registered office in the region, utilise local IT facilities , banking services and payment processors. Compliant operators will receive licencing priority over those currently offering services who are not authorised to do so.
Potential licencees may not participate in more than one corporation which must hold capital of Euro 3 065 161 for internet operations and Euro 306 516 for others excluding internet.
More information at: http://www.prensa.jcyl.es/ver/nota-del-consejo-de-gobierno/$16002