Online gambling explodes in Spain

2007-02-21 17:07:21

The Spanish gambling market is potentially the fastest growing market in the industry, with the potential to grow to around $50 billion by 2010, according to industry observers.

The latest addition of The Spanish Gambling Market report by Research and Markets concluded that the market is expected to grow to be worth 39 billion euros by 2010, as the country's online industry avoids the legal conflicts recently experienced in the traditional gambling markets.

One major factor behind the optimism in the Spanish market is the increased liberalism being pursued by several of the country's autonomous regions and the potential benefits this could hold for the betting and interactive gaming industries.

The bookmaker William Hill has already started its expansion into the Spanish market, while other international companies also have joint venture agreements in place and are poised to take advantage of the predicted 750 per cent growth in the market from its current size.

Interactive gambling is also set to grow substantially in Spain, with the report predicting a 240 per cent increase from the present level by 2010, with the increasing numbers of Spanish football clubs being sponsored by online betting firms seen as a clear sign of the industry's popularity in the country.


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