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Spanish Approvals

Madrid issues the country's first online license

Autonomous region Madrid has issued Spain’s first online gaming license. The recipient is land-based gaming operator Casino Gran Madrid.

According to eGaming Review, the online site could be operational within a month.

The license is not related to the pending national law on a regulated online gaming industry. The draft of the national law was approved in February, but is not enacted until published officially.

Following publication, the draft will be submitted to the European Commission, where it can be subject to review for three months.

With the regional license, Casino Gran Madrid is allowed to offer poker, blackjack, roulette and slots online to residents of Madrid. The site will use Playtech software and a player management system from Spain’s own MediaTech Solutions.

CGM will pay 10 percent tax on gross gaming revenue, using the regional license. That is considerably less that the 25 percent tax currently being proposed in the national bill for poker and casino games.