Tuesday, January 11th, 2011 - Alfie Williams.
This year, the online gaming industry has expanded to locations all over Europe. France and Italy became two of the most sought after markets in the world, as both countries recently opened up their online gaming industry to international operators. In 2011, Spain is predicted to be the next big market for operators in online bingo and other e-gaming sectors.
Spain was previously a dangerous market for online gaming operators, as laws prohibited banks and other financial institutions from processing payments to online gambling companies. As the country is now preparing a draft legislation that would legalize online gambling, operators have started to get ready to re-enter the country’s online gaming market.
Currently, companies are taking it slowly. If they enter the market too soon, they can be penalized for violating existing gaming laws. As such, online gaming operators are making subtle moves towards getting into position for the legalization of online gaming. Many operators are in the process of launching portals for their websites in Spanish and Portuguese, anticipating entering markets in which these are the primary languages.
Additionally, operators are setting their sights on the Latin American online gambling market. South American countries present lucrative opportunities to online gaming operators, especially in the online bingo sector.