LeoVegas secures official gambling license in Spain

    Leo Vegas gets Spanish licenseThe Swedish operator LeoVegas has managed to enter its seventh locally regulated gambling market, since it officially received its Spanish gaming license a few days ago. The Stockholm-based operator is now legally allowed to provide both online sports betting and casino services to punters in the Spanish market.

    LeoVegas has not disclosed yet a specific date for the launch of its Spain-based online betting site. Nonetheless, it guaranteed that the site is expected to be ready very soon.

    LeoVegas CEO, Gustaf Hagman, stated that the Spanish online gambling market has a steady growth of more than 20% every year. Therefore, the gaming license that they received is a decisive step forward towards their continued endeavour of expanding their brand in other Spanish-speaking markets. As a matter of fact, he said that they have already done some test launches in Chile and Peru.

    Since the online gambling market in Spain is worth about €1bn, LeoVegas says that it has really high potential.

    It is also worth noting that only 13% of Spain’s gambling takes place online according to the official figures deriving from the Spanish Gambling Authority. However, the online casino vertical has risen about 20% in Q1 compared with the corresponding one of 2018, with this division representing approximately 35% of the online market it total.

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