Betfred set for Spanish move with new licence

9 July 2019

Bookmaker Betfred is to expand its operations into the Spanish market after it secured a new licence from national gambling regulator Dirección General de Ordenación del Juego (DGOJ).

The permit will allow Betfred to offer both its online sportsbook and casino in the country, with the bookmaker saying that the Spanish launch forms part of its ongoing expansion strategy.

Betfred has enlisted Spanish online gaming and sports betting solutions provider Optima to supply a player account management and sports wagering system for its operations in the country.

The bookmaker will run its Spanish-facing operations from a new office in the Ceuta province, an autonomous city with a 10% gambling tax rate, half that of mainland Spain, and a reduced corporate tax rate of 12.5%.

“This is an exciting opportunity for Betfred and the Spanish licence is part of our ongoing expansion strategy,” Betfred’s chief operating officer Mark Stebbings said. “There is clearly a real passion for sport especially football in Spain and we share that passion here at Betfred.

“We believe we bring the necessary expertise but also heritage and trust to this expanding market.”

Confirmation of Betfred’s licence comes after it was also revealed that online gaming platform provider SkillOnNet has also secured a permit to operate in Spain.

The DGOJ has also issued licences to Gaming Innovation Group and LeoVegas in recent weeks.

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