LeoVegas has submitted a licence application for casino and sports betting in Spain, a locally regulated gambling market since 2012, for Q1 2019.
The Spanish market for online gaming is projected to be worth approximately €1bn next year according to estimates provided by H2 Gambling Capital, compared with the Swedish market, which is worth approximately €1.4bn. Today only about 11% of all gaming in Spain is conducted online, compared with 52% in Sweden.
The move comes amid growth in Spain’s online gaming market, which currently comprises 11 per cent of all gaming in the country.
Gustaf Hagman, LeoVegas’ Group CEO, said: "We are now taking the next step on our global expansion journey and apply for our first license in a Spanish-speaking country, Spain.
“Spain is one of the fastest growing markets in Europe. Through our technology and experience, we can effectively adapt our business to regulated markets regardless of language and regulations. Therefore, we expect to launch in Spain already in the first quarter of 2019.”
LeoVegas was recently granted a licence in Sweden and also has gaming licences in Malta, UK, Denmark, Italy and Ireland.