Reading Time: 5 minutes

Major gambling industry markets such as Spain and Portugal to be analyzed by leading experts at EGC Milan 2019!

News about the gambling industry in Spain and Portugal has been trending on all gaming media outlets and in the past 4 years, the industry has been booming in these two jurisdictions.

A study, conducted by The Portuguese Association of Gambling and Online Games (APAJO), has revealed that there are between 400 and 600 thousand individual bettors online in Portugal, which represents between 4.6% and 6.9 % of the adult population in the country.

The study titled “Online Gambling in Portugal – The Best Bet for the National Regulatory System” prepared at the request of APAJO by Winning Scientific Management has shown that the Portuguese market had grown in a balanced way and in line with the European markets analyzed. It cautions, however, that licensed operators need more protection at the level of unlicensed game combat mechanisms and the information provided on the sector would be more detailed and comprehensive.

Online gambling has only been available in the country for a few years, but it has quickly grown to become very popular.

The statistics from the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal have revealed that the country’s online gambling market enjoyed its best-ever quarterly performance at the start of this year, generating revenues of more than €47 million in the three-month period which ended on March 31st.

The online gambling market appears to be thriving in Europe at the moment and these new figures concerning Portugal only seem to reinforce that fact. Revenues in the country have seen a significant jump in the past 12 months and all eyes will be on whether it can ultimately keep up this pace in the months and years ahead. It is undoubtedly an intriguing time for the industry and it will be interesting to see just what comes next.

More than half of the revenue was specifically generated by betting, with football accounting for almost 75 percent of online wagering. This put the sport well ahead of its nearest rivals including basketball and tennis. In terms of gaming, revenues were up to €22.6 million with gaming machines – or slots – accounting for more than 63 percent of that. Trailing behind were other games such as online roulette and blackjack.

The gambling industry in Spain is also an increasingly attractive market for operators and suppliers alike; with bright forecasts for the market’s future following its regulation in 2012.

Spain’s current expansion is unprecedented and records show a 20.10% increase in terms of GGR, mostly due to the ever-growing popularity of sports betting online, which is currently above 25% in GGR.

Of course, there’s an increase in new customers, but we’re also seeing an exponential trend of players becoming ambassadors for the transition to online, which is, in turn, the catalyst for a very interesting multiplier effect within their own social circles, with more of their friends signing up to the digital world as a consequence. This is definitely indicative of the new generation of players getting involved in iGaming – and represents fantastic potential beyond the traditional bastion of sports betting.

Read: Spain: A new bull market? Exclusive interview with Ruben Loeches, CMO at R. Franco Group

At European Gaming Congress (EGC) we are bringing together key industry experts from Spain and Portugal in order to have a quality discussion about what operators need to know when entering the market or if they are already active in the region, what they should do in order to improve their presence.

The discussion will take place in Milan on the 8^th of November at Radisson Blu Hotel Milan.

You can register here or view the agenda here!

The Spanish and Portuguese gambling industry will be discussed during the “Highlights from South West Europe” compliance panel discussion which is moderated by Andrius Gabnys (Attorney At Law – Gabnys Law Firm)

The Spanish gambling industry update will be presented from two angles by leading local experts Javier Sacristán (Digital & Operations Director at Grupo R. FRANCO) and the already announced Willem van Oort (Founder of Gaming in Holland / Gaming in Spain)

The Portuguese gambling industry update will be presented by Óscar Madureira (Senior Associate at Rato, Ling, Lei & Cortés).

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in Europe via the EGC platform every year.

Register here!

About Andrius Gabnys – Attorney At Law – Gabnys Law Firm (panel moderator)

Andrius Gabnys is an attorney-at-law and a managing partner at Gabnys Law Firm, a legal boutique based in Vilnius, Lithuania, and Tallinn, Estonia. The Firm specializes in entertainment (gambling, media, arts) and technology (IT, cybersecurity) legal aspects. Andrius Gabnys has been working in the online gambling sector for over 10 years and focuses on the multijurisdictional licensing, IP and related matters. He has extensive experience dealing with the gambling authorities in Europe, CIS countries, Africa and South America.

About Óscar Madureira – Senior Associate at Rato, Ling, Lei & Cortés

Óscar is a Senior Associate at Rato, Ling, Lei & Cortés in charge of the Portuguese office, and is a member of the Macau Lawyers Association, the Portuguese Bar Association and the Hong Kong Institute of Arbitrators (HKIA).

Before joining the firm, he was a Senior Legal Counsel for Melco Resorts and other law firms in Macau.  He was also a Legal Consultant for Porto City Hall, for the Portuguese National Traffic and Transportation Department and for the Honorary Consulate of the Republic of Guinea-Bissau in Portugal.

He is a member of the Scientific Council of the Rui Cunha Foundation, a lecturer and consultant at the Centre for Reflection, Study and Dissemination of Macau SAR Law (CRED-MD) and a guest lecturer at the University of Saint Joseph, Macau.

About Javier Sacristán – Digital & Operations Director at Grupo R. FRANCO

Javier Sacristán has a bachelor’s degree in Business Administration and Management from the University of Southern California. Throughout his career he has held different key positions in the start-up arena and in consolidated gaming companies, contributing his digital expertise. At present, he is Digital & Operations Director at R. Franco Group.

For more details browse the official event website here:  www.europeangamingcongress.com

Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spanish and Portuguese gambling industry in focus at EGC Milan 2019 experts from Grupo R. FRANCO and Rato, Ling, Lei & Cortés Law Firm