Spain allows online wagering

by Lou on December 19, 2006

The land rush toward legalized online gaming continues, with Spain declaring that they will allow online gaming.

Italy’s revenues from legal wagering are approximately 30 billion Euros, and Spain anticipates a similar cash flow.
Licenses will include regulations to prevent the participation of problem gamblers and underage punters.

Most of the major European-facing online-poker concerns are expected to apply for Spanish licensing, as Spain joins the majority of nations following the UK model of licensing, regulating, and taxing online gaming, rather than trying to prohibit it as the US has done.

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