La Liga president Javier Tebas has urged Spain’s coalition government to suspend its prohibition of betting sponsorships as the league clubs face an immediate funding crisis. Speaking at the “Marca Sports Weekend” digital conference, Tebas laid out the devastating consequences of the COVID-19 pandemic on La Liga finances, which leaves clubs facing a ‘€500 million funding shortfall to finish the …
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Embattled Spanish gambling group Codere SA has published its Q3 2020 earnings report, revealing that its year-to-date corporate net losses currently stand at €240 million. The Bolsa Madrid gambling firm continues to absorb COVID-19 impacts following a staggered reopening to its South American gambling venues, combined with severe LATAM currency fluctuations against the US dollar. Despite reopening its European (Spain …
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The European Gaming and Betting Association (EGBA) has reiterated its warning to Spain’s Consumer Affairs Ministry that Royal Decree advertising restrictions are in conflict on EU competition policies. Spain’s autonomous governments have been instructed to implement the ‘Royal Decree on Advertising’ mandate, imposing a ‘near-complete ban on gambling advertising’. The Decree’s headline requirement will see all gambling-related advertising restricted to …
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Spanish football clubs and licensed bookmakers have been given a light reprieve, as Spain’s Consumer Affairs Ministry confirms that existing betting sponsorships will be allowed to continue until the end of the season. The order is reported to have been signed-off by Alberto Garzon, Spain’s Consumer Affairs Minister, who has been charged with spearheading the federal reform of Spanish …
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Gamesys Group Plc has cited continued growth momentum across its brand portfolio as the LSE-listed online gambling group recorded growth on all key operating metrics. Publishing its Q3 2020 trading statement, Gamesys recorded a 31% increase in group revenues to £190 million, reflecting a period of strong organic growth which was supported by an increase in customer activity. Providing …
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Mikel Arana, the new Director-General of Spain’s DGOJ, has stated that the government will uphold its civic duties by formally approving the federal passage of the ‘Royal Decree on Advertising’. Speaking to Basque media on Friday, Arana underlined that the DGOJ maintained its Autumn schedule, in which it expects Spain’s Council of Ministers to approve the decree passing into federal …
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La Liga football clubs have been placed in direct conflict with Spain’s Ministry of Consumer Affairs having renewed their betting sponsorships and partnerships ahead of the imminent enforcement of Spain’s federal Royal Decree on Advertising. This weekend, as La Liga commenced its 2020/2021 season, Alberto Garzon – Spain’s Minister of Consumer Affairs -lambasted football clubs for purposely undermining the Decree’s …
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Grupo Codere has confirmed the appointment of Shackleton as its new creative marketing agency, as the Bolsa Madrid gambling group seeks to refresh its image within its home market of Spain, whilst expanding its public profile across the firm’s target South American growth markets. Shackleton wins the multinational account following a competitive pitch undertaken by Codere during May in which …
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French online poker operator Winamax has confirmed that it will continue to serve as official shirt sponsor of La Liga football club Granada CF, despite inbound despite imminent changes to Spain’s federal advertising code which will prohibit gambling sponsorships. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Launching its Spanish online …
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Andrea Vota, new Director-General of Jdigital has stated that Alberto Garzon, Spain’s Minister of Consumer Affairs, charged with overseeing federal gambling legislations, “knows full well that he is leading Spain towards a proliferation of illegal gambling websites, targeting vulnerable players”. Vota who in July took leadership of Jdigital replacing Mikel Lopez de Torre has taken the responsibility of the online …
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