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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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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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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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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La Liga football club CA Osasuna is being pressured to end its relationship with shirt sponsor KirolBet. At the Pamplona club’s ‘public assembly’, Osasuna’s membership passed the decree that the club should terminate all agreements with ‘compromising partners’. The assembly saw numerous members speak out against KirolBet as shirt sponsor, stating that Navarra’s biggest football team should not be sponsored …
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Valencia becomes the latest Spanish autonomous region to update its laws governing gambling establishments operating within its municipality. Concluding its plenary session, Valencia’s municipal government ‘Generalitat Valenciana‘ confirmed that it had given approval to drafting the ‘Ley del Juego’ bill, moving to establish measures preventing minors from accessing gambling halls and implementing further support programs tackling problem gambling. In its …
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Barcelona’s City Council has ruled that it will not permit the opening of any new gambling establishments, arcade, bingo hall or casino, as communicated in a statement sent to Catalunya’s municipal government. Barcelona’s executive states that it will trial its mandate for a period of one year in support of the city’s health networks dealing with addiction, and further underling …
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Four Spanish licensed incumbents have had specific licensee provisions withdrawn ‘for inactivity’ sanctioned by gambling regulatory authority the DGOJ. This October, the DGOJ undertook a review of operators’ current market status, which forced the regulator to terminate specific licensee provision attached to Unidad Editorial Juegos, Beatya Entertainment, Paf Consulting ABP and Winamax Espana. Publishing its judgement, the DGOJ details that …
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Legislation and technology can play a key role in tackling problem gambling, and in recent years, Spain has prioritised its player protection measures in a bid to combat problem gambling. Speaking at the recent Betting on Sports, Chairman of Jdigital Mikel López de Torre explained that the Spanish regulation has developed its policies with the protection of its players in mind. He explained: “It …
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Updating licensed incumbents, Spanish gambling regulator DGOJ has renewed its cooperation agreement with ‘Agencia Tributaria’ (AEAT), Spain’s tax agency. Both institutions confirm that they will move to revamp data and information mechanisms monitoring the tax compliance of Spanish licensed operators, that have been in place since 2014. Establishing new partnership terms, DGOJ officials will have access to the AEAT’s database …
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