According to reports in the Spanish media, operators in the Spanish betting market could be facing new restrictions following a high-level political agreement.
The minority PSOE government has struck a deal with Podemos, to form a socialist coalition. The terms of the deal were thrashed out this weekend at a summit between the leader of PSOE, Prime Minister Pedro Sanchez and his Podemos opposite number Pablo Iglesias. Both parties hope that the coalition will end the political deadlock that saw two General Elections held in Spain in 2019.
Full details of the coalition’s programme for government have not been released, but it is believed that they will be targeting higher earners and corporate taxation, together with minimum wage increases. And among their measures are likely to be a range of reforms targeting the gambling industry.
According to one Spanish newspaper, both of the coalition partners have signed up for gambling reforms. These are believed to include closer monitoring of all gambling activity, focused on reducing the amount of gambling activity in both land-based and online markets.
Among the measures include a federal ban on gambling premises opening earlier than 22:00, and there will be closer federal scrutiny of all new gambling operations across the country. In addition, the government plans to introduce a much tougher code of advertising for the gambling industry, which will bring the sector in line with the restrictions imposed on the tobacco industry.
It has also been reported that the new government may impose an addition levy to force gambling operators to provide funding to support projects tackling gambling addiction.
But there remains a final hurdle for the coalition to clear. To form a majority, the coalition will also need the support of Esquerra Republicana, the Catalan independence party, which has so far not given its full opinion on the proposed legislative programme.