Spanish gambling regulator the DGOJ has announced the launch of a year-long tendering window for online gaming licenses.
This third opportunity for applications since the market was regulated in 2011 will see operators able to apply for single and general licenses simultaneously.
“The new opening, together with the improvement of competitiveness and the level of protection through the regulatory framework [complements] the existing offer,” said the DGOJ in a statement.
Q3 revenue from Spain’s regulated online market brought in $163.6m this year, rising 37.3 percent from the same period in 2017.
This growth has seen the DGOJ expand regulatory measures, drafting a royal decree in November limiting gambling advertising, to be considered in January, which the DGOJ called “fundamental to ensure gaming activity is sustainable and compatible with social welfare.”
The latest announcement adds further encouragement to operators, who welcomed the extension to a year of the previously month-long tendering process.
“All the preliminary work made the one month window a stressful period,” said Alla Serebrianskaia, partner at Asensi Abogados SLP. “The extension to a year is definitely very positive for operators.”
The DGOJ have six months to review filed applications, with approved bids able to go live as soon as a provisional license is granted.