Spain to Issue New Online Poker Licences

Spain to Issue New Online Poker Licences

Wednesday, 22 October 2014

Online poker in Spain could be set for a much need boost following a review of its current laws.

Since creating an isolated playerpool, Spain's online poker economy has gradually declined at a rate of 6% annually.

Fortunately, however, the country's governing body, the Dirección General de Ordenación del Juego (DGOJ), has stated that it's keen to reverse that trend with a fresh round of licensing.

Starting on November 1 and designed to expand current platforms and welcome new ones, the DGOJ is hoping the move will provide the stimulus the online community in Spain needs.

Essentially, when the licensing gets underway, existing online poker operators will be able to apply for an extended licence which will allow them to offer additional betting options. Additionally, operators who missed out on the first round of licensing will now be given a chance to enter the market and provide a platform for Spanish players.

Although many industry insiders believe the country's taxation system is to blame for the lack of poker revenue, the DGOJ believes the new licences will help increase diversity and, thus, improve the liquidity of its online gaming economy.

Tags: Spain, regulation