Spain Readies to Put New Restriction for Online Bonus Offers

Home » Spain Readies to Put New Restriction for Online Bonus Offers

The online bonus offers may not remain the same in Spain. The operators would have a different challenge now with the bonus offers. This would also mean that the problem gamblers would have another roadblock.

The Minister of Consumer Affairs, Alberto Garzon, has unveiled new restrictions plans for the gambling operators. This would include the promotional campaigns that include ‘financial bonuses’ as a means of acquiring new customers and retaining the existing ones.

The first restriction is that any bonus offer made by the operator via its own web page would now be capped at €100. Garzon said that the commercial strategy of economic bonuses is controversial. He further added that it expands the customer base for the operators but it also attracts the children and problem gamblers to take gambling.

The Spanish Minister confirmed that the new rule would be packaged into the Royal Decree Project. All the new rules of online gambling operators’ marketing communication are being packaged there. The government has started unveiling the elements of it. The advertisements are now available for a four-hour window from 1 am.

The lobby group of Spanish Online Gambling, JDigital said that this is nothing new. It has been confirmed that the members of the JDigital have already implemented voluntary advertisement code where the bonuses are capped at €200 that too broadcasted only in the non-kid friendly zone.

The government also announced EFICAZ. This is a new program aiming to prevent problem gamblers. The problem gamblers would now be prevented from obtaining an alternative financial source for wagering. This would be a self-exclusion from the credit sources.

Spain has one of the lowest problem gambling rates in Europe. This is around 0.4% ow as per the surveys. Javier Molinera, Head of Gambling and Betting Control Service of the National Police, confirmed that the country does not have many social problems due to gambling.

Molinera did confirm that the sector is not away from oversight. It was also confirmed that it is not easy for minors to access. Curious information was also shared that the operators have no intention to allow minors as they face huge penalties and fines. So, financially it is not viable as well.

Source: https://calvinayre.com/2020/02/18/business/spain-new-limits-online-gambling-welcome-bonuses/

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