Tag Archives: Spain

LaLiga has agreed a landmark multi-year partnership with SportyBet as new official betting partner for African audiences. The African markets bookmaker will gain advertising and marketing exposure during broadcasts, including billboards and cam carpets featuring its branding. S SportyBet has been stepping up its activities in football recently, with LaLiga clearly being the firm’s primary marketing target for now. The …

La Liga has announced that Luckia will serve as the principal gaming and entertainment partner of Spain’s top professional football league. Luckia has secured a three-year international agreement, where it will actively promote itself as an international sponsor of La Liga in Spain and the South American market of Mexico. As part of the Galician gambling conglomerate Grupo EGASA, Luckia …

Mikel López de Torre has stepped down as Digital Director of Sportium, the Spanish sportsbook property of Grupo CIRSA. Announced on LinkedIn, López de Torre confirmed the end of his near decade-long tenure as Digital Director of Sportium, beginning in 2014, during which he led the sportsbook’s online sales, operations, and marketing units. CIRSA launched the Sportium brand in 2007 …

The Council of Ministers of Spain has appointed Andrés Barragán Urbiola as Secretary General of Consumption and Gaming. Urbiola will oversee Spain’s ongoing federal overhaul of gambling laws, a directive led by the Ministry of Consumer Affairs. The appointment of a dedicated minister to oversee gambling reforms, had been requested by Pablo Bustinduy, Spain’s Minister of Consumer Affairs and Social …

Codere SA has confirmed that creditors have agreed to reduce its corporate debt by 92% as part of a new financial restructuring programme. The terms of the new agreement will see Codere reduce its outstanding corporate debt from $1.7bn to approximately $140m, as of June 2024. The debt-reduction plan received majority approval from 60% of Codere creditors, who have been …

Grupo CIRSA has grabbed Spanish business headlines, as rumors mount that the Blackstone-owned firm will announce its public listing imminently. The Spanish heritage gambling group is yet to deny reports that it has engaged Morgan Stanley, Deutsche Bank, and Barclays to ‘prepare its route to an IPO’. As reported by Economía Digital, the investment banks have been tasked with engineering …

DGOJ, Spain’s General Directorate of Gambling, has started discussions on data administration policies and practices needed to establish a ‘common data registry’ for gambling information. The discussions on the framework to set up a centralised registry for customer data from all gambling operators licensed in Spain began on 16 May 2024. Director General Mikel Arana led the initial proceedings, hosting …

Codere SA has detailed a challenging start to year-end trading for its land-based gambling properties operating in Spain and South America. However, the heritage Spanish gambling group lauds the continued growth of its standalone Codere Online business. Q1 accounts for Codere showed declines across all financial metrics, as group revenues slumped by 14% to €313m (Q1 2023: €363m). Period trading …

Spain aims to be Europe’s trailblazer by adopting the first dedicated framework to regulate the content, standards, and advertising practices of social media influencers. Last Friday, the Council of Ministers received the draft of the New General Law on Audiovisual Communication (LGCA) – commonly referred to as the ‘Influencer Law‘. Filed as a ‘digital transformation’ project by the Ministry of …

The Supreme Court of Spain has ‘partially annulled’ certain articles of the Royal Decree on Advertising, the mandate which imposed federal restrictions on gambling advertising across Spanish media. The Royal Decree was the headline measure of former Minister of Consumer Affairs, Alberto Garzon, who in 2020 was appointed by Spain’s PSOE-coalition government to oversee the federal reform of Spanish gambling …