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Live Updates: Licenses Delivered for Spain's Regulated Online Gambling Market
On June 1, 2012, licenses for operating in the new regulated Spanish online gambling market were delivered between 11:00 and 14:00. Bet365 and Sportingbet were the first operators to receive their licenses. NetBet also received a license to operate in the regulated online gambling market in Spain. NetBet's CEO, Sascha Badelt, predicted that the company would be profitable by the fifteenth month of operation.
Codere, Cirsa, Egasa, Jaxx, Telecinco, Grupo Orenes, MGA, and 888 were among the companies that received licenses. The regulated online gambling market in Spain is expected to be one of the most dynamic sectors in the coming years.
This new market is set to bring significant changes to the online gambling industry in Spain, with operators now required to adhere to strict regulations and pay taxes on their earnings. The delivery of these licenses marks a significant step towards a more regulated and secure online gambling environment in Spain.
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