Tag Archives: Spain

Kike Salas, the 22-year-old Sevilla player, is facing trial after police arrested him over match-fixing allegations.  His arrest was conducted last week after reports accused Salas of betting-related fraud. According to the information, he received several cards in official La Liga matches on purpose for the benefit of third parties.  As reported by SBC Noticias, the case against Salas was …

Evoke Plc has benefited from strong year-end trading, as the LSE gambling group expects its full-year EBITDA to be at the top end of the guidance range of £300m-to-£310m, a result deemed by leadership as “ahead of expectations“. A post-close trading update for Q4 noted that Evoke had generated approximately 12-13% revenue growth on year-on-year comparatives. The group’s improved performance …

Grupo CIRSA has received regulatory approval to acquire a majority stake in CasinoPortugal, expanding the online portfolio of the Blackstone-owned Spanish gambling group. On Friday, CIRSA confirmed it had secured approval from Portuguese authorities to acquire a 68% stake in CasinoPortugal.pt, a deal under review since CIRSA’s initial approach in September 2024. Mergers and acquisitions in Portugal’s gambling sector require …

Codere Online trades uninterrupted despite the threat of its securities being delisted from the Global Nasdaq exchange. Publishing its Q3 trading statement, the Spanish online gambling group expects to “finish the year in the upper part of both the full-year 2024 net gaming revenue outlook of €205–215m and Adjusted EBITDA3 outlook of positive €2.5–7.5m.” Confidence is bolstered by strong Q3 …

Codere Online has received a warning from the Nasdaq Exchange regarding the potential delisting of its securities. Nasdaq cited Codere Online’s failure to meet its listing obligations, specifically its inability to file a Form 20-F providing corporate accounts for the year ending 31 December 2023. This constitutes a violation of Nasdaq’s Listing Rule 5250. As a result, Codere has been …

OneTwenty Group’s Steve McQuillan provides an analysis of the online gambling market in Spain and notes how the sector continues to grow. The affiliate marketing company’s site Compare.bet is live in the Spanish market, offering online odds and casino comparison for Spanish consumers. Spanish Economy Minister Carlos Cuerpo revealed on Tuesday, September 24th, 2024, that the country’s GDP is expected …

Spanish gambling has been made aware of an “intrusive amendment” sought by the government to reimpose advertising restrictions on licensed operators. Revealed by the Spanish online gambling association Jdigital, the PSOE/Sumar government has adopted an “unrelated amendment” to the Decree to Establish a State Agency for Public Health. The amendment will reintroduce advertising restrictions, limiting gambling advertisements on social media …

Spain has officially joined the Macolin Convention – a legal instrument and the only rule of international law on the manipulation of sports competitions in Europe. The country’s national gambling regulator (DGOJ) detailed that the convention has been signed between the nation’s ambassador and permanent representative and the Council of Europe. Spain subsequently ratified the convention on 17 October. The …

Codere SA has completed its Global Recapitalisation Programme, lowering the net debt of the Spanish gambling group to “approximately €65m”. The recapitalisation programme was agreed in June 2024, as Codere creditors agreed to reduce the firm’s long-standing debt from around €1.4bn to approximately €190m. The debt-reduction plan received majority approval from 90% of Codere creditors, who were given until 9 …

Sports media publication OneTwenty Group has launched a localised version of its BettingOdds.com offering tailored for Brazil and Spain.  BettingOdds.com was first expanded into the Netherlands in time for the Euros 2024, which combined with the two other markets in the latest edition will allow the company to stay on track with its global growth strategy. According to OneTwenty, Brazil …