Tag Archives: madrid

Spain opens €1.3m grant scheme for research on gambling disorders

SBC News Spain opens €1.3m grant scheme for research on gambling disorders

Spanish authorities have vowed to deepen academic research to bolster the treatment, intervention and prevention of gambling disorders. Yesterday, DGOJ – Spain’s General Directorate of Gambling – announced that 26 projects will receive research grants in the field of ‘gambling disorder prevention’. The initiative is led by Spain’s Ministry of Consumer Affairs, which has reserved €1.3m funding for academic studies …

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DGOJ launches Decree Consultation on deposit limits

SBC News DGOJ launches Decree Consultation on deposit limits

The Spanish government continues to advance its plans to impose stricter compliance enforcements and safer gambling measures on the gambling sector.  The DGOJ, the General Directorate of Spanish Gambling, has launched its second public consultation on the desired reforms outlined by the “Royal Decree on Responsible Gaming Environments”. The consultation, open until 16 October, requires feedback on applying gaming deposit …

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DGOJ to launch €1.6m fund for Spanish problem gambling RDI

SBC News DGOJ to launch €1.6m fund for Spanish problem gambling RDI

Spain’s Ministry of Consumer Affairs has instructed the General Directorate for Gambling Regulation (DGOJ) to launch a grant scheme to support research on problem gambling harms and addiction. A €1.6m fund has been created to fund projects which will support Spanish healthcare and welfare organisations in preventing problematic gambling, in addition to reducing “industry risks and other related concerns”.  DGOJ …

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Codere seeks €100m to soften liquidity pressures as CEOs depart

SBC News Codere seeks €100m to soften liquidity pressures as CEOs depart

Grupo Codere has notified investors that it must raise €100m in capital as the heritage Spanish gambling firm “finds itself in a probable insolvency situation”.  Yesterday, Codere published an updated ‘reorganisation and refinancing plan’, outlining that a request for €100m liquidity financing to be added to the board’s ongoing ‘2023-to-2027 recovery programme’. Codere maintains that it has achieved the initial …

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Spain approves toughest Decree on Gambling Youth protections

SBC News Spain approves toughest Decree on Gambling Youth protections

As anticipated, Spain’s Council of Ministers has approved the “Royal Decree on Responsible Gaming Environments” to federally enforce new measures and gambling restrictions Adopting the changes across Spain’s 17 autonomous communities, the Council aims to “strengthen the protection of underage and vulnerable consumers, especially those aged 18 to 25.”  The new measures, endorsed by Alberto Garzón, Spain’s Minister of Consumer …

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DGOJ signals to March ascent for new Spanish Gambling Decree

SBC News DGOJ signals to March ascent for new Spanish Gambling Decree

March is set to be a transformative month for Spanish gambling, as the DGOJ holds final ‘plenary sessions’ on the directives of the ‘Royal Decree on Safer Gambling Environments’.  This week, DGOJ Director General Mikel Arana guided Spain’s ‘Responsible Gambling Advisory Council’ through the ‘main novelties and technicalities’ of the Decree. Arana cited confidence that the Royal Decree will secure …

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Clarion Gaming puts London under review as host city of ICE expos 

SBC News Clarion Gaming puts London under review as host city of ICE expos 

Clarion Gaming has confirmed that the cities of London, Barcelona, Madrid and Paris will bid to become the host of its flagship ICE conference from 2025-to-2029.  The announcement sees Clarion Gaming undertake the biggest strategic review of ICE since the tradeshow’s enlargement in 2009, which saw it absorb the International Gaming Expo (IGE) and Amusement Trades Exhibition International (ATEI). The …

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Cordish renews interest in ‘EuroVegas’ Madrid casino project

SBC News Cordish renews interest in 'EuroVegas' Madrid casino project

US commercial property developer Cordish Companies is reported to have presented plans to build a mega-casino in Madrid, despite concerns from local authorities that have previously rejected its proposals.  The Executive of Madrid is reported to be reviewing a new proposal by Cordish to develop an entertainment complex branded “EuroVegas” that would include a multi-plex casino, restaurants and hotels, amongst …

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Nueva Codere recovery outlook bolstered by positive Q1 results

SBC News Nueva Codere recovery outlook bolstered by positive Q1 results

Nueva Codere has declared that it is on course to match its ‘pre-pandemic’ financial performance as the Spanish and LatAm gambling group begins to benefit from its corporate restructuring.  Trading in its new identity, following its delisting from the Madrid Bolsa and the demerger of the Codere Online unit – Nueva Codere has announced that it has achieved corporate revenues …

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Spain to vote on DGOJ to take ‘central control’ of betting fraud duties 

SBC News Spain to vote on DGOJ to take 'central control' of betting fraud duties 

Spain’s Congress of Deputies has approved for MPs to vote on a set of new measures to be applied to ‘The Gambling Law’ that will strengthen the “state’s control on monitoring betting fraud to help tackle sports corruption”.  The Congress that serves as Parliament’s ‘legislative review branch’ voted unanimously in favour (343 votes / 0 against) of approving amendments that …

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