Sociedad Estatal de Loterias y Apuestas del Estado is one of the biggest lottery providers in Spain, and the company has its eye on the current online gambling legislation. As the country gets closer and closer to legalizing and regulating online casinos, the lottery company’s interest in entering the online gambling market continues to grow.
According to the company’s chairman Aurelio Martinez, online gambling in Spain accounts for €600 million of the country’s €30 billion gaming market. While this is only a small portion at the moment, the potential for growth is huge. Regulating the activity will undoubtedly cause more development and growth, and Sociedad Estatal de Loterias y Apuestas del Estado wants in on the opportunities.
The lottery company is also planning on listing itself in Spain’s stock exchange this fall. In addition to going online, going public has been a recent trend for gaming operators worldwide.
Both of these developments lend themselves well to Sociedad Estatal de Loterias y Apuestas del Estado’s plans to help consolidate the worldwide gambling market. This has recently been a big concern among political officials across Europe, as each online gambling market in the EU has different rules and regulations. With the help of Sociedad Estatal de Loterias y Apuestas del Estado and other lottery companies across the continent, the gambling industry may finally begin to see some unification on the online gambling front.