It is a historical fact that Spaniards, being gamblers by nature, became the creators of playing cards including casino zaragoza. Already in the Middle Ages there were gambling rooms on the Iberian Peninsula for participating in card games. The development of gambling business is interrupted in the early twenties of the twentieth century and revived with the accession to the throne of King Juan Carlos de Bourbon of Spain.
Spain’s admission to the European Union in 1985 had a positive effect on the economy and led to an increase in the number of gambling establishments. The gambling industry is becoming a significant part of the state’s income and brings approximately 3% of the country’s GDP. The legislation provides for taxation of the income of both casinos and totalizators, as well as their visitors, the amount of winnings of which exceeds 2500 €.
Law 85/2013 of 23/10/2013, regulating the sphere of gambling, established that losing money in casinos is considered an unsuccessful investment, and profits are considered income requiring payment of taxes.
Gambling in Spain today
Today, casinos account including casino zaragoza https://rating-casinos.com/rating-online-zaragoza-casinos/ for about 60% of the gambling industry, with public lotteries and sporting events accounting for 40%.
The structure of the Kingdom’s gambling industry is as follows:
Casinos are the most significant and extensive segment of the market. There are 48 legal gambling establishments operating in 34 cities across the country;
slot machines placed outside official casinos. The direction takes more than 35% of the market share;
Online gambling. Segment is developing rapidly and annually increases the turnover;
lotteries. This area is one of the largest in the world, it is popular and loved by the inhabitants of the country and is constantly developing;
totalizators. The turnover of this field looks insignificant in comparison with similar ones in other EU countries;
bingo. The least profitable segment of the gambling industry.
Act 13/2011 of 27 May 2011 established the regulatory framework in the field of gambling. Each type of gambling is regulated by relevant decrees.
Spain finally confirmed its status as a major European country with a self-sufficient gambling market in 2011 by forming the Dirección General de Ordenación del Juego (DGOJ), a gambling industry regulator responsible for licensing and monitoring the industry.
The types of licenses provided for are:
Basic, with a term of 10 years, costing 10,000 €;
Single license, which gives the right to operate in the gambling industry for 1-5 years, costing 2,500 €;
short-term temporary authorizations, valid for up to 12 months.
It is also necessary to obtain an expert opinion from a technical inspection at a cost of 38,000 € on the ability to operate in accordance with the requirements for this type of business, register the business as a joint stock company (Sociedad anónima), have capital of 100,000 € to obtain a general license for the opening of betting business (betting, betting) and other games and 60,000 € for the business of organizing contests. Some Local Authorities organise licensing competitions (tenders) with the following requirements: the registration of the company in a European Union country; the founders must have an EU passport; the capital of the company may be up to 1 000 000 € at the request of the Competition Commission.
The list of operators operating on the basis of the Commission’s license is available on the official website of the agency. All others are illegal.
In Spain, sports betting, poker, bingo, roulette, blackjack online are allowed only at the national level, but live betting is allowed by the local authorities. Accordingly, gambling is partly taxed nationally and partly locally. Each autonomy regulates this business sector, which makes it possible for certain businesses to operate in that autonomy, but outside it they would be illegal.
The online gambling business in each market is divided into two parts – onshore and offshore companies. The former are registered in the local market and operate within its legal framework, the latter are foreign companies and may be registered in another country (such as a Chinese site where players from Spain bet) or in special economic zones (popular jurisdictions are Gibraltar, Malta, Isle of Man and others).
Municipalities have already bothered to make sure that all casinos and even regular national lotteries or prize draws are owned by the state. Yes, it’s probably someone else’s business on all the paperwork, but in reality the money adds to the state and local budgets.
If we talk about small businesses, it is now possible to buy a small arcade with an existing license. The most common are establishments of the following types:
Hall area of at least 150 square meters. m, holds 20-30 machines. The players’ rates here are not high – usually 1-2 €, and the winning comes to 500 €. In addition, according to the rules of the machine must return at least 87% of the funds, and the business – to pay high taxes on profits. Possible option of acquiring a franchise known brand “for the promotion” salon.
Do not have a set percentage of returns. The maximum bet here is usually 50 €, and the winnings at a skillful game can amount to several thousand.
Maintenance of such halls is quite expensive, but the profit due to low attendance will be small.
Bookmaker’s office or salon
Now available option for the gambling business. The option of acquiring a franchise is the most suitable. The cost of it is 20 000 – 100 000 €, depending on the services provided. It is possible to organize any type of betting, from horse racing to boxing.
With the installation of a betting zone, it is possible to increase the attractiveness of the arcade.
Ingenuity and willingness to work will help in the realization of your dreams. For example, you can support the losers with a mug of beer or equip a children’s area so that parents can play in peace.
So, let us analyze.
Online gambling market revenues in Spain show positive growth in the first quarter of 2017. According to data published by the Spanish gambling regulator Direccion General de Ordenacion del Juego (DGOJ), revenues amounted to 122.7 million euros, a 20% increase over the same figure in 2016.
The increase in profits from online gambling equates to 91%. The rapid development of this segment is due to the introduction of slots and live-roulette. The latter, in particular, increased the level of profitability by 48%.
There is an increase in profits from sports betting – 70%. However, this segment is characterized by low margins – 4.5-5%.
And in conclusion
The number of tourists coming to the Iberian Peninsula is increasing year by year. Excellent climate and sea is certainly one of the main reasons to come to Spain. But the country attracts and its entertainment facilities. After all every province has a casino that meets the best international standards.
Professional poker tournaments with leading Spanish poker players, including Rafael Nadal, the world famous tennis player and the “face of the brand” PokerStar, are held there. It’s also interesting to check out the arcades, where you can just relax and unwind at reasonable prices. Virtually every Spanish café has a slot machine, where, with a glass of unparalleled local wine in your hand, you can enjoy a game.
One of the most anticipated events in the kingdom will be the opening of the largest gambling establishment Las Vegas Sand, designed to host up to 36,000 guests simultaneously. Barcelona is also considering opening 6 casinos as part of the redevelopment of the Vila Seca and Salou entertainment center.