The Spanish government is reportedly putting new regulations related to gambling advertisement into their 2019 budget, which would place restrictions on the marketing efforts in the country.
The move would put gambling in line with the tobacco industry, which has been clamped down on for over the decade. Under the law, any promotion of tobacco products is forbidden, save for a few notable exceptions. The budget would see gambling activities similarly curtailed in the advertising, which may negatively impact the bottom line of betting companies working within the country. Studies within the country claim that gambling groups spent more than €143 million on advertising last year.
Obviously, the proposal isn't finding many fans within the gambling industry, with LeoVegas and GVC stating that the move will hurt the industry and possibly cost jobs. If the proposal is included in the budget, it will come into effect on January 1st, 2019.
Casino Listings News will continue following the story and will update readers as we learn more.