Spanish consumers must declare profits from online gambling winnings in 2023 self-assessment income tax returns. The directive comes from the Agencia Tributaria (AEAT), the Tax Agency of Spain’s Ministry of Finance, where Director General Soledad Fernández is increasing scrutiny on profits from online gambling, cryptocurrency transactions, property rentals, and foreign income. Before the 2023 income tax filing period, AEAT issued …
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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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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