Tag Archives: Spain

Insider Sport: On The Ball – Oikos probe asks tough questions on Spanish football integrity

From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, InsiderSport has you covered. This week’s OTB reports on integrity allegations, club acquisitions and the possible reintroduction of safe standing areas in English football stadiums. Spanish match-fixing allegations lead to nine arrests. A total of nine people were arrested after corruption allegations …

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Wanabet Spain orders Kiron Interactive’s full VS service

Kiron Interactive, a specialist provider of virtual games has confirmed that it will enter the regulated Spanish online gambling marketplace, securing a partnership with R.Franco’s flagship digital property Wanabet. Updating the media, Kiron informs that its ‘BetMan RGS’ platform will be integrated within Wanabet’s sportsbook offering, deploying its full inventory of VS content including football,  horseracing and greyhound content, as well …

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Gaming in Spain: Responsible gaming carries costs, but technology is constantly improving

Delivering the keynote speech at last week’s Gaming in Spain conference, Director General of the Dirección General de Ordenación del Juego (DGOJ) Juan García Espinosa underlined that incumbents must ensure that responsible gambling measures are upheld.  Espinosa pointed out that since the market opened up in 2013, with the DGOJ issuing its first online licenses, there has been a successful …

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DGOJ reduces red-tape for Spanish tech incumbents

The DGOJ, Spain’s regulatory authority for gambling, has streamlined its approval procedures for technical and operational changes to reduce administrative burdens placed on regulated market incumbents’ tech and product development. Updating the market, the DGOJ confirms that it has reorganised its ‘approval procedure’ attached to the modifications of games, platforms and data centres, which will no longer require authorisation by …

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Codere reviews ‘corporate structure’ following damaging LatAm investigation

Bolsa Madrid gambling group Codere SA has sanctioned a review of its ‘operating structure’, following an independent investigation of auditing discrepancies found within its LatAm subsidiaries. This October, an embattled Codere governance was forced to declare to Spain’s CNMV markets authority that year-to-date accounts had ‘overstated earnings’ by €13-20 million attached to the firm’s LatAm business unit. Facing investor backlash, …

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Spanish betting operators reach consensus on advertising controls

Spanish online gambling trade association Jdigital has communicated that it has reached consensus amongst its partners, who will adhere to new advertising/marketing ‘control measures’ strengthening its code of conduct. Jdigital’s new provisions have been approved by the DGOJ’s joint committee on gambling standards, conduct and activities, a research body monitoring the behaviour and ethics of licensed gambling enterprises operating across …

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Dire Q3 sees Codere declare group losses of €30 million

Publishing its Q3 trading statement, Bolsa Madrid gambling group Codere SA records performance declines across all key operating markets, impacting the firm’s corporate recovery. Reporting declines across all South American territories (except Uruguay) and a stagnating performance in its home market of Spain, Codere posts a 3.6% decline in group revenue to €343 million (Q32018: €356m). Despite reducing its exposure …

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Orenes launches new ‘VERSUS’ identity targeting rapid global growth

Seeking to expand its international appeal, Spanish gambling firm Grupo Orenes has rebranded its flagship commercial property ‘Viva La Suerte’ to ‘VERSUS’. This week the Murcia (Alicante) based gambling group held a press conference in which it retired its Viva La Suerte brand, announcing the launch of VERSUS (Versus.es) as its lead B2C entity, which Orenes will export internationally. Javier …

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Gibraltar underlines that Tax Treaty will have no impact on employees status

The Gibraltar government has communicated to its business community that changes to laws agreed under its ‘Tax Treaty’ mandate with Spain should not impact employee rights. Last March, Gibraltar and Spain’s tax authority agreed to terms established under a ‘Tax Treaty’ related to the tax status of individuals working in Gibraltar and residing in Spain. From the start 2020, in …

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Sportium declares its ‘Panama intent’ for 2020

Spanish bookmaker Sportium has confirmed that it will enter Panama’s sports betting marketplace in 2020, and plans to launch 20 new betting points across the nation. Accompanied by Panama’s most famous sporting son, boxing legend Roberto ‘Hands of Stone’ Duran, last week Sportium leadership held a conference in Panama City’s Majestic Casino – a property which will serve as one of …

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