Essential information and facts about Spain: Capital Madrid
Total Area Population Median age
Ethnic Groups Currency
505,
370sq.km 47.1 million 43.9 years
Religion Roman Catholic 58 per cent, other
Spanish 85 per cent, Moroccan, other
Languages Castilian Spanish 74 per cent, Catalan, other Euro
Government type Parliamentary Constitutional Monarchy
Chief of State King Felipe V1 (since 2014)
Head of Government Prime Minister Pedro Sanchez (since 2018)
Elections Monarch is hereditary. Following elections the leader of the party with the largest number of seats is elected. Next elections are due November 2023.
Unemployment 12.8 per cent (end 2022) Tourism 71.6 million (2022)
Casinos saw a GGR of €123m in 2021 of which slots were responsible for around 57 per cent (€70.5m) and table games 43 per cent (€52.3m). Tis is compared to a GGR in 2020 of €146m and in 2019 pre-Covid of €355m.
Tere are more than 1,000 slots and 223 table games in the casinos in total and 2021 saw 1.7 million visitors compared to 4.8 million in 2019. Casinos make up about 2.3 per cent of the total amount of gambling revenues in Spain.
At the end of last year, a new gaming bill was passed in the region of Galicia which will see a limit on the number of gaming venues and gaming machines with a minimum distance from new venues and educational and rehabilitation centres.
Currently there are 40 betting shops, two casinos and an additional satellite casino, 11 bingo halls and 115 gaming halls in the region. Te regulation establishes a maximum of two casinos with two satellite casinos, 12 bingos, 118 gaming halls, 41 betting shops and a 15-year duration for all authorisations both new and existing with a public tender system for new authorisations.
A new casino hall is now due to open in the regional capital, Santiago de Compostela, by Grupo Comar which is looking at the Hotel Araguaney as a venue. Te reform for the hotel has already been approved by the city council and if the casino is accepted it will be linked as an annex to the casino in La Coruña.
As a satellite casino there are certain limitations – the casino must only be open when the parent casino is open, the satelite cannot be larger than 80 per cent of the surface of the parent casino or located less than 150m from educational locations.
P52 WIRE / PULSE / INSIGHT / REPORTS
At the moment Galicia’s two casinos are Casino de la Toja in Pontevedra operated by Cirsa and Casino Atlantico in La Coruña operated by Grupo Comar.
Meanwhile in the last few years Madrid and Cataluña have been the subject of discussions over the licensing of integrated resort casinos to be operated in their region.
Barcelona World, the multi-billion dollar resort complex backed by Hard Rock International, is still moving ahead despite years of problems. Construction is now due to start during the first half of this year if the master plan is approved.
Te 1,000-room guitar-shaped hotel will feature a swimming pool, retail outlets and a Hard Rock mega casino with 100 tables and 1,200 slots making it one of the largest casinos in Europe. It will be located in a rural area of Cataluña known as Campo de Tarragona.
Te project dates back 10 years and has run into a multitude of issues and opposition from environmentalist groups and parties within the government whilst an opposition group called Aturem BCN World has been spearheading campaigns to halt the development.
Over in Madrid, six years after its previous plan was rejected, US property developer Cordish Companies has been refused permission again for its plans to develop a mega casino.
In the middle of last year the developer presented a revised proposal for the €20m IR entertainment complex to include casino, restaurants and hotels on the 134-hectare site in Torres de la Alameda it already owns.
Te previous proposal for Live! Resorts Madrid was rejected in 2017 saying plans did not comply
with the requirements for such infrastructure with concerns over the casino and the impact it would have on traffic.
Te second plan was altered and saw a reduced gaming floor which covered no more than 10 per cent of the property plus other environmental concessions, but the plans were knocked back again by the Community of Madrid who says the project does not have a “relevant, effective and lasting impact on the economic, social and cultural development of the region.”
Te company said the resort would create an economic impact of more than €9.3bn, generate 55,600 jobs and for the wider economy have the potential to bring in around €3.2bn for the government coffers.
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