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LeoVegas secures official gambling license in Spain

3 Jul 2019

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 Eyeing the €1bn  Market

LeoVegas has not yet disclosed 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 in total.

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LeoVegas is an established bookmaker that has been online since 2016. It has proved itself in terms of reliability by acquiring several Tier 1 licenses and partnering up with top football clubs. Even though the number of events on the website is generally low, I appreciate the overall payout. You can find dozens of special markets, and essential tools are available. I also liked the fact that it pays a lot of attention and knows how to reward loyal players through the VIP Program. This doesn’t mean there are no drawbacks. Strict regulations mean that crypto is not accepted, and the service is restricted in most countries worldwide. What’s more, navigation is difficult, especially if you are a new user. Finally, I would like to see the winning and withdrawal limits increased sooner than later. Overall, LeoVegas is a solid and trusted alternative for sports betting. Feel free to give them a try.

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