Spain is currently working on a draft bill to regulate online gaming, but it may not be ready for passage until sometime in 2011.
That is the latest word on the subject from Juan A. Gallardo, commercial director of Spanish lottery operator Loterías y Apuestas del Estado, or LAE. Gallardo also advised operators
of online gaming to wait until there is a law in place, to be in compliance.
Information source Spanish Gaming News reports Gallardo as saying that the coming regulations will contain measures on protection of minors, illegal gambling and the distribution of tax revenue among the various autonomous regions.
Because online gaming operators do not currently pay tax, Gallardo was unable to estimate the amount of revenue that might flow to the government from the sector.