The Spanish gaming industry is regulated by the General Directorate for the Regulation of Gambling (DGOJ), which is a body of the Ministry of the Presidency, Relations with the Cortes and Equality. In order to operate a gaming or gambling business in Spain, companies must obtain a license from the DGOJ.
There are several different types of licenses that may be required, depending on the specific type of gaming or gambling activity being carried out. These include licenses for online gaming, betting, bingo, and slot machines.
In order to obtain a license, companies must meet a number of requirements set forth by the DGOJ. These requirements vary depending on the specific type of license being applied for, but generally include the following:
The company must be registered and based in Spain, or have a permanent establishment in the country.
The company must have a good reputation and be financially stable.
The company must have appropriate systems and controls in place to ensure compliance with all applicable laws and regulations.
The company must have appropriate safeguards in place to protect the interests of consumers, including measures to prevent money laundering and fraud.
In addition to these general requirements, there are also specific requirements that must be met depending on the type of license being applied for. For example, companies applying for an online gaming license must demonstrate that they have the technical capabilities and infrastructure to operate an online gaming platform. They must also have appropriate measures in place to prevent minors from accessing their services.
Once a company has submitted an application for a license, the DGOJ will review the application and determine whether the company meets all of the necessary requirements. If the DGOJ approves the application, the company will be granted a license, which is typically valid for a period of five years.
It is important to note that the process of obtaining a gaming or gambling license in Spain can be complex and time-consuming. Companies seeking to operate in the Spanish market should carefully research all of the requirements and seek the guidance of legal and financial professionals to ensure that they are able to successfully obtain a license.
Overall, the Spanish gaming industry is well-regulated and offers a number of opportunities for companies looking to enter the market. By obtaining a license from the DGOJ, companies can operate legally and provide consumers with a safe and enjoyable gaming experience.