After receiving iGaming licenses for its home market from the Swedish Gambling Authority late last month and prominent online casino operator, LeoVegas AB, has now announced the filing of applications that would see it permitted to offer its services to players in Spain.
Expanding licensed jurisdictions:
The Stockholm-headquartered firm used an official Thursday press release to detail that it hopes to launch in Spain during the first quarter of 2019 and add the nation of some 46 million people to its list of licensed jurisdictions that additionally encompasses the United Kingdom, Italy, Denmark, Malta and Ireland.
Gustaf Hagman (pictured), Chief Executive Officer for LeoVegas, explained that Spain has operated a local regulatory system since 2012 and that his firm is hoping to be given permission to bring a selection of mobile-friendly online casino and sportsbetting services to the country.
Hagman’s statement read…
“We are now taking the next step on our global expansion journey and apply for our first license in a Spanish-speaking country, Spain. Spain is one of the fastest growing markets in Europe. Through our technology and experience, we can effectively adapt our business to regulated markets regardless of language and regulations. Therefore, we expect to launch in Spain in the first quarter of 2019.”
Lucrative iGaming market:
LeoVegas is responsible for the domains at LeoVegas.com and RoyalPanda.com and stated that the Spanish iGaming market grew by over 30% year-on-year during the most recent third quarter. It moreover proclaimed that the local sector is expected to be worth approximately $1.13 billion in 2019, which compares with the $1.58 billion being predicted for Sweden.