Friday May 25, 2012 : SPANISH TRADE ORGANISATION COMMENTS ON NEW MARKET
Key to success in newly regulated market will be differentiated product offerings
Spanish Trade Association Jdigital expects twenty operators to be functioning within the first three months following the opening of the Spanish online gambling market on June 1, 2012.
Sacha Michaud, president of JDigital told the Sector Del Juego publication he predicts that the other 60 odd applicants, still in the process of development and business strategy preparation, would enter the market at a later stage. He doesn't expect new licence holders to be profitable in the short term while the key to remaining in the market will be in offering differentiated products.
In related news, Sascha Badelt, a German internet entrepreneur and the chief executive officer of DigiDis Iberica, is optimistic on his newly launched company NetBet.es being awarded a Spanish operating licence.
The online gaming website, offering casino and poker, will reportedly launch an extensive advertising campaign and promises the creation of over 50 jobs.