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Chandler Secures First

The European Commission has been hard at work over the past several years and that hard work actually is showing in some regards throughout the European Union as some countries with previously closed online casino gambling and betting markets open the door to foreign operators. The licensing of internet betting sites in Spain has been a long time in the works and the major international betting operator, Victor Chandler, has announced that it very well may be the first company to obtain licensing in the Spanish market.

The international bookmakers have certainly been competing for entry into the Spanish market and Chandler will undoubtedly maintain a competitive edge of the licensed sites that will later follow the company into the market. The Spanish market is largely untapped because of strict national laws that have kept the majority of internet gambling out of the country, this includes online casinos and internet betting as well. But new regulations have been in development for some time and Spain is nearly ready to issue gambling licenses to the foreign online betting operators.

Victor Chandler’s pending license for Spain will allow the online casino gambling and betting group to advertise within the Spanish market before there is any additional competition from other sites. According to estimates by those in the industry, the Spanish lucrative is worth millions; Madrid’s online betting market alone is estimated at roughly 250 million. There is no timeline for the deal but industry insiders believe it will happen within the next month or two.