Madrid Hands Out First Online Casino License

Madrid has officially handed out its first online gambling license to the Casino Gran Madrid. This news comes just days before Spain’s new online gambling law is published to public viewing. It is rumoured that the license was granted on May 17, but that the announcement was delayed until after the election.

Casino Gran Madrid is one of the country’s most popular land-based gambling venues. Now, the operator will be able to take its activities online, offering players the chance to play poker, slots, roulette and blackjack remotely.

The website, which will be launched in the coming weeks, will be powered by PlayTech, an renowned online gambling software provider. The player management system will be provided by MediaTech Solutions, a company based in Spain.

According to EGR Magazine, Casino Gran Madrid will pay a 10% gross revenue tax. This is a very reasonable tax scheme, as many countries in the European Union are proposing taxes of more than 15%. In Germany, for example, the government has proposed a 17% turnover tax, which many online casino operators have taken up a fight against.

The new online casino will undergo beta testing shortly, which means that it could be accessible to the public by the end of the month. At that time, the website will only be available to players in Madrid before expanding to other regions.

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