Spain has approved plans for regulating online slots and exchange betting.
The Spanish government have approved plans for regulating online slots and exchange betting.
This was announced on Thursday in a statement released online on the website of the DGOJ, the Directorate General for the Regulation of Gambling in Spain.
The regulations were adopted by the publication of ministerial order, the Ministry of Finance and Government said.
A public consultation on the matter ended on March 27, and since then the DGOJ received several suggestions and observations regarding the slots and exchange betting regulations, with those that could add value to the regulation given consideration.
The Spanish Ministry said the publication of the orders had been completed following a period of refinement of their content. Now, they believe the regulations are “conducive to the regulated development of these games.
“With the adoption of these regulations the online gaming market will be strengthened.
“As a consequence of this (the regulations) will make a positive impact regarding the protection of particularly vulnerable groups, the fight against fraud, generating tax income, and ultimately the creation of an environment in which users can engage in this activity in a safe, responsible manner,” the Ministry said.
It is believed that it will take at least six months following the publication of the new ministerial orders for the slots and exchange betting act to be fully implemented.
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