LeoVegas has been granted a gaming licence in Spain for both casino and sports and will launch its Spanish site shortly.
The move forms part of LeoVegas’ expansion strategy to enter regulated markets, or markets with plans to regulate.
Today, the company has gaming licences in Malta, the UK, Denmark, Italy, Sweden, Ireland, the German state of Schleswig-Holstein and now Spain.
Gustaf Hagman, Leovegas Group CEO, said: "We welcome Spain as our seventh locally regulated market. With LeoVegas’ position as ‘King of Casino’, we are now entering Spain with the ambition to take the mobile position and offer the ultimate gaming experience.
“The Spanish online gambling market has strong underlying growth with over 20 per cent per year. The Spanish licence is an important step in our continued expansion.”
The Spanish online gaming market is worth approximately €1bn in 2019, according to H2 Gaming Capital, compared with the Swedish market, which is estimated to be worth approximately €1.4bn.
Today only 13 per cent of all gaming in Spain is online, compared with 50 per cent in Sweden.
