Colossal growth projected in Spain's gambling market

Industry eyes are on Spain as the country's online gambling market prepares for a €39 billion boom by 2010.

The huge growth potential in interactive gambling and retail betting was reported in a new study, The Spanish Gambling Market - a Key Region for Future Growth, released Tuesday by Dublin-based Research and Markets.

By 2010, the study projects that Spain's interactive gambling business will be worth an estimated $4.2 billion - a growth of about 240% over its current level. The retail betting market, the report suggests, can also expect to explode by 750% over today, with revenues tapped to hit $4.5 billion.

The gambling world is already making inroads in Spain, with heavy sponsorship from industry sites for local soccer teams and companies such as William Hill setting up shop in the country.

Such growth is expected given Spain's more liberal gambling regulations following the U.S. crackdown on online wagering sites and poker rooms, the study suggests. Many operators surveyed said the country was a particularly attractive business destination.

courtesy of Erin Warner

News Added: 21 February, 2007

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