Investors who run operations in the field of gambling
can expand their business activity in Spain
, which is one of the most representative states in the European Union in this sense. At the moment, there are more than 250,000 gambling machines
situated in Spain
. The domain is highly regulated by Spanish authorities
for gambling activities
registered in the offline and online environment. Foreign investors who want to set up a gambling business in Spain
can receive an extensive presentation on this field from our team of Spanish company formation agents
Gambling legislation in Spain
Entrepreneurs interested in opening a gambling company in Spain
have to comply with a set of rules and regulations available for this field. The gambling activities
are controlled by state bodies and local authorities. Companies with activities across the state are controlled by state institutions, while smaller companies fall in the supervision of regional authorities.
The gambling companies are supervised by the General Directorate for the Regulation of Gambling Activities; the institution is allowed to propose new regulations for the industry, to verify the applications for authorizations required for gambling companies or to monitor and fine gambling activities in Spain.
The main legal framework applicable to the industry is the Spanish Gambling Act; the Act was enabled in 2011 and it mainly focuses on the national gambling activities.
The Act establishes the way in which fraud procedures are enforced and provides a legal framework for the regulation of the online gambling environment
. At the same time, the Act offers protection to both gambling companies
and gambling users
; our Spanish company formation agents
can offer more details on the legislation available for the industry.
Gambling companies in Spain
• run bets;
• other gambling activities.
Companies which organize online gambling activities are also required to obtain a license for any type of games. The domain is defined by the Article 3 of the Gambling Act, which stipulates that a company should meet the following criteria to qualify as a gambling activity:
• activities for which there is a bet for money;
• bets are established on future results;
• prizes are offered in money or through other means.