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News Bite: Madrid Launches Spain's First Online Casino

Spain’s Casino Gran Madrid launched its Playtech-powered gaming platform yesterday, providing online casino games to residents of Madrid.

Representatives of Casino Gran Madrid revealed that the platform, which launched with a dozen casino games, will have nearly 100 games by 2012. Poker will not be rolled out until a national license is awarded next year.

Casino Gran Madrid received approval to become Spain’s first online gaming operator on May 25. The brick-and-mortar casino is licensed for poker, blackjack, roulette and slots. CGM will only take action from residents of Madrid (18+).

Analysts project that by 2014 Madrid’s online gambling market will be worth 80 million; by the same year, the national market will be worth over 300 million, according to estimates.

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