Ljubljana – 5 July 2018 – Based on the recent reports, Spain’s revenues of the online gaming market, or GGR, for the first quarter has touched 163.3 million euros. The figure, while drop of 5.69 per cent when compared to the just previous quarter, is an increase of 28.85 per cent when compared to that of the corresponding period in 2017.
This is shown by the data published by the Directorate General for the Regulation of Gambling (DGOJ), in its report on the online gaming sector, which also indicates that the betting segment has a growth rate over the same quarter of the previous year of 15.89 per cent, with some restraint compared to what was experienced in previous years (20.38 per cent in 2015, 30.33 per cent in 2016 and 20.48 per cent in 2017).
Based on these information, we can expect a spike in the revenues which will come out next year, as Spain has reduced tax rates for online gambling operators in the country. The gambling industry, quite predictably, has hailed the move and termed it as an “absolutely fantastic” news.
The tax cut was announced in the recently presented 771-page annual budget. The budget has several tax reductions for online gambling operators, most importantly a 5 per cent reduction in gross gaming revenue, slashing the tax rate from 25 to 20 per cent.
The news headlines have been reporting lots of activities from international operators. Betway has lately been pushing sponsorships for Spanish football clubs such as Deportivo Alavés, Levante U.D, while also extending their official t-shirt sponsorship with C.D. Leganés.
During the inaugural edition of European Gaming Congress, gaming expert Martin Stöfler, will share the latest insights he has about the market and experiences he encountered while working with the Spanish market’s regulations.
About Martin
Martin has worked in the IT Security and Compliance field since 2001. He has excelled in a wide variety of roles ranging from penetration testing to heading up the security and compliance teams for major international B2B and B2C iGaming providers. Having been on the forefront of entering newly regulated markets in Europe and the US, he has accumulated a vast amount of experience in the practical aspects of online gaming regulations from an operator and platform provider perspective.
In 2017 Martin co-founded the Austrian Startup OSM Solutions, which focuses on iGaming security and compliance and is about to launch a revolutionary compliance product which will support operators and regulators through the often very complex processes of audit and certification management.
Make sure you register your seat in time to benefit of the great lineup of speakers that will share their knowledge for operators and industry connected companies about France, Spain, Italy, Malta, Portugal, Slovenia, Austria, Croatia, Serbia, Montenegro, Greece, Bosnia and Herzegovina, Liechtenstein, Monaco, Netherlands and Belgium.
The inaugural edition of European Gaming Congress which will be held on the 16th of October at the Grand Union Hotel in Ljubljana will also focus on shedding light upon the industry and its main topics.
The European Gaming Congress (EGC) is expected to bring together industry expert from all over Europe and create a platform which will enable both networking and learning at the highest quality.
You can view the full agenda on the following link.
Full detail about the event can be found on the official website of the event: https://europeangamingcongress.com/
Make sure you grab your seat as the seats are limited to 100 registrants!
About the organizer, European Gaming Media and Events (formerly EEGMedia/EEGEvents)
European Gaming Media and Events is a leading media and boutique event organizer company in the European Union which produces the prominent conferences in the region such as CEEGC (Central and Eastern European Gaming Conference), Prague Gaming Summit, Mare Balticum Gaming Summit, EGC (European Gaming Congress) and VIGE (Vienna International Gaming Expo).
The live events/conference division is in charge of organizing boutique style executive gaming events that focus on bringing inside information from the top gaming experts in the European Union and beyond. Their first event was held in Budapest on the 19th of September 2016. Since then the team have implemented more destinations into their event portfolio.
In short, they cover most areas of Europe with international events that serve the local and global industry, optimize networking opportunities and bring the hottest topics into scope.
The event destinations in 2019 will include a further expansion for the company in their quest to enter the Western European region and bring their expertise to produce local gaming events.
For more details about the calendar, agendas and locations, visit the Live Events/Conferences section on europeangaming.eu
