iGB Intelligence reports iGB Market Monitor December 2018 | Page 8

Part 1: Spain – the state gives with one hand… (more on this later in this report), Italy and Belgium. Following the budget’s passing, the new suggesting they would be counter-productive and would set the market back even as the new tax government said it was working on an advertising rates promised further progress. decree that states that the government’s In a statement, association president Mikel objective “continues to be to increase the López de Torre said a move towards prohibition demands, guarantees and control of gambling of gambling advertising would only benefit the advertisements”. The suggested remedies include black market. reducing the proliferation of gambling ads, “We view the prohibition or limiting of access particularly where they have an impact on children. to advertising verticals as a step back for the Bearing in mind the recent ban in Italy, some market, which will hinder licensed operators fear that Spain is heading down the same and place national consumers at risk of black prohibitionist path. The latest reports in the market engagements,” he said. “The reality is that Spanish press in late October suggested gambling at present, the only weapon of distinction that will be “treated like tobacco”. Spanish regulated operators have is advertising.” The Spanish online gambling operators’ Van Oort remains hopeful that the final association JDigital hit back at the plans, proposals will be less onerous than might be Chart 2: Sports betting and online casino quarterly progression Q117-Q218 (€m) 120 100 80 70 60 50 40 30 20 10 0 Q1 17 Q2 17 Q3 17 Q4 17 Q1 19 Q2 19 Source: DGOJ Chart 3: Quarterly GGY progression — 1Q16-2Q18 200 180 160 140 120 100 80 60 40 20 0 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Source: DGOJ iGaming Business Market Monitor • December 2018 5