Spain key region for growth
A study conducted by German consulting firm MECN has found that Spain has all the ingredients in place to be fertile ground for the gambling market to flourish.
The market in Spain is set to grow to around €4.2 billion by 2010, making the country an attractive proposition for many companies following the fall out from the U.S anti-gambling legislation.
William Hill and Ladbrokes have recently shown their interest in expanding into the Spanish market and many are set to follow, seeking a more flexible and liberal jurisdiction to work within.
The overall gambling market in Spain is also set to grow to €39 billion by 2010, with interactive gambling expected to grow by a massive 240 percent in this period. Spain’s lottery is also one of the largest in the world and its traditional Christmas lottery will have a record €2.1 billion prize pot this year.
Martin Oelbermann, co-author of the study, confirmed the appeal that Spain presently holds.
"In nearly all of our surveys and interviews the operators mentioned Spain as a particularly attractive jurisdiction for future expansion."
Editor, Jackpot.co.uk - 2006-11-24 11:07:10