Online Gambling Windfall – Will This Be the Case for Spain

Posted by Gambling News | Gambling News | Wednesday 4 July 2012 10:37 pm

Currently the Spanish economy is really not doing well. In fact a good number of European countries are struggling and some are looking at internet gambling as an additional revenue stream. Spain is hoping for windfall from online gambling, but as this industry will be brand new, it is hard to say that will actually take place. One thing we can be assured of is that the Spaniards love a gamble, just as much, if not more than the rest of us do – especially considering their love of sports; in particular football.. Whether they will have the money to spend…well that remains to be seen?

The online gambling shake-up takes place this week, and the Government is hoping it will capture and audience as well as some much-needed tax income into their state coffers. Newly licensed companies are currently slugging it out to win to win market share, and there is definitely a sense that online poker and sports betting fans are lining up to take part. The Spanish government is heavily indebted to the EU and others, so, awarded licenses to operators for the first time on Friday the 1st June.

According to the outgoing central bank head – he recently warned that income tax in this country may really fall short as they struggle to refinance €98 billion in debt and deficit of €52 billion.
While the amount of tax to be raised from this new industry is bound to be small in comparison to the size of its debt and deficit, we all know every little bit helps. Online gambling firms will be taxed on gross profits, at between 10% and 25%. There will be no tax on individual wagers, so, it is not at the point of sale.

According to the gaming association, the Spanish market in this industry sector could be worth more than €800 million 0r $1 billion by 2014. So far the sector has been dominated by foreign players, even within Spain, and this includes with Codere – a large Spanish betting concern. With others about to enter into the fray we can’t wait to see what will take place.

Spain has no limit on the amount of licenses it will award, which unlike most European countries. Take for example Germany which is only allowing seven for the time being. So far, fifty-nine gambling firms have applied for these licenses. Only a small portion of the fifty-nine applicants have been turned down, and only those which have not met all the necessary requirements need have fear of being turned down.

Sportingbet and digital (both London Stock exchange listed) are already active in the unregulated Spanish market, and are expected to be main contenders. Betfair, Ladbroke and 888 will be joining the crowd. Currently his online gambling sector is considered to be ‘on fire’. People are also fully aware that if you don’t have an online presence, then there is probably no future for your business. This tenet does not only apply to the Internet gambling industry, it basically applies to us all.

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Spain keeps the trophy, Titan Bet keeps its promise

Posted by Gambling News | Sports Betting News | Wednesday 4 July 2012 12:27 am

Spain proved their superiority by devastating Italy in the EURO 2012 final, but there was some consolation at Titan Bet as refunds were given out to anyone who bet against the champions.

Despite Spain being fairly obvious contenders for the title, the folks at Titan Bet wanted to make things interesting and offered to refund losing bets made pre-tournament on their “Euro 2012 Winner” betting line. If you voted against Spain and didn’t bet through Titan Bet, you’ll probably be kicking yourself as you read this but it just goes to show that sports betting comes down to one thing: research. Know your stats and know where to place your bets.

Spain was hardly a sure thing of course. The young German squad was looking good, the Dutch team was a popular pick, and there was even some hope of an English ambush despite frail beginnings. There was talk of Portugal doing well too although despite having great individual players, not to mention Ronaldo, they never managed to consolidate their play into that of a unified team, something that Spain managed to do so well.

In the end, the Spanish did the remarkable and became the first team to ever defend the title successfully, and the fact that they’re already world champions makes their current superior status in the game unquestionable. Stepping up to the podium to take the trophy of the third major football competition in a row, Casillas seemed almost too comfortable!

So Titan Bet really came through for a lot of bettors who chose to bet against Spain, paying out what must be a formidable sum all in the name of good sports betting fun. But it wasn’t just the outright winner that Titan Bet refunded. Every game had a refund offer for first goalscorer and correct score, so there were plenty of opportunities to spread bets in a more open manner while being able to minimize risk.

Titan Bet paid out refunds for a number of games: the 1-1 draw of the tournament opener (Poland Vs. Greece); Rooney to score first labeled as “Rooney’s Return”; Ronaldo to score first (Portugal Vs. Czech Republic); and for a Bore Draw in the Portugal Vs. Spain semi-final. This ensured that every game had a nice little twist to it, and with Titan Bet having some of the best football odds around, it seemed like the place to be for what ended up being a fantastic tournament.

Overall it’s been a great year for football with a thrilling Champions League and one of the most dramatic Premier League finals ever. As for Titan Bet, they really came through with some very well-placed offers for this year’s Euro. Titan Bet also frequently runs betting promotions on a wide variety of sports so be sure to check them out.

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