Zona de Azar Spain – LeoVegas Enters Spanish Online Gaming Market

Spain.- July 2nd 2019 www.zonadeazar.com LeoVegas has entered the Spanish online gaming market which is worth approximately €1bn in 2019.

LeoVegas’ expansion strategy is to enter regulated markets or markets with plans to regulate. Today the company has gaming licences in Malta (EU), the UK, Denmark, Italy, Sweden, Ireland, the German state of Schleswig-Holstein, and now also in Spain.

Gustaf Hagman, Group CEO, LeoVegas, said: “We welcome Spain as our 7th locally regulated market. With LeoVegas’ position as ‘King of Casino’, we are now entering Spain with the ambition to take the mobile position and offer the ultimate gaming experience. The Spanish online gambling market have a strong underlying growth with over 20% per year. The Spanish license is an important step in our continued expansion, in other Spanish-speaking countries, where we have already conducted test launches in Peru and Chile.”

Only 13 per cent of all gaming in Spain is online, compared with 50 per cent in Sweden. The Spanish online market is experiencing strong growth as more and more gaming is moving online. The most recent figures from the Spanish Gambling Authority show that the casino segment grew by 20 per cent in Q1 2019 compared with the same period a year ago. The casino segment accounts for about 35 per cent of the total online market in Spain.

Edited by: Zona de Azar Press www.zonadeazar.com