Tag Archives: Spain

Codere defers debt note duties until 2023

The creditors of Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes. The Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firm’s ongoing restructuring arrangements. Back in July, company creditors had allowed Codere to access a further €250 …

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Jdigital orders Supreme challenge against Royal Decree federal enforcement

Spanish online gambling trade association Jdigital has confirmed that its appeal against the gambling amendments of the ‘Royal Decree on Advertising’ has been accepted by Spain’s Supreme Court. Representing the interest of Spain’s licensed online gambling incumbents, Jdigital takes its existing dispute with the Ministry of Consumer Affairs to Spain’s highest-ranking law court. The trade association maintains that the decree …

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Spanish media trade union contests Royal Decree’s ‘discriminatory timetable’

Spiffbet

The Supreme Tribunal of Spain has accepted an appeal lodged by Spanish media trade union Asociación de Medios de Información (AMI) challenging the amendments of Spain’s Consumer Affairs Ministry on the ‘Royal Decree of Advertising’.  Published in yesterday’s government gazette, the AMI has urged the Supreme Tribunal – Spain’s highest-ranking legal body – to review Consumer Affairs orders that the …

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Pollard Banknote acquires Next Generation Lotteries for €36m

Pollard Banknote Limited has signed a definitive agreement to acquire 100% of the equity of Next Generation Lotteries AS (NGL), a provider of lottery management and ilottery technology. The acquisition purchase price is €36m, prior to standard working capital adjustments and certain deferred cash considerations, of which €32m will be payable at the time of closing. The remaining €4m of which will …

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Spain to form new body on ‘gambling harmonisation’

Spain’s DGOJ has signed a new ‘collaborative accord’ which aims to establish a ‘new technical body’ charged with harmonising Spain’s federal gambling laws, standards and market controls. The regulatory agency for Spanish gambling will work with ‘UNE’ – the ‘standardisation body’ formed by the Ministry of the Economy to comply with EU competition standards across Spain’s 17 autonomous regions. The …

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January to February 2020 in Review: New year sees betting accept its new duties

SBC recounts the events of an unprecedented and relentless 2020, an unforgettable year that has disrupted all betting components and relationships… SBC – Spain cracks the whip as betting leadership accepts wider responsibility remits European online gambling leadership was given no grace period to ease into a new decade of regulatory complexities, as a newly formed Spanish coalition government signed …

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Gerard Piqué takes on Strategic Advisor position at Sorare

Fantasy football operator Sorare has gained a new Strategic Advisor in FC Barcelona and Spanish national team defender Gerard Piqué. Sorare is hopeful that Piqué’s contribution, in addition to the “significant investment” he has made in the company, will help expand its global presence and reach new fan bases across the world. Furthermore Piqué and his new colleagues at Sorare …

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Winning Post: NY developments, counting problem gamblers and video gaming

Will sports betting come to the rescue for Ney York’s COVID-hit finances? Regulus Partners believes that Governor Andrew Cuomo has a tricky balancing act if he wants to boost coffers with deregulation. And why are regulators changing how they count problem gambling behaviour? US: sports betting regulation – Cuomo takes a bite? There has been a long history of gambling …

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Alberto Garzón: Royal Decree laws stand fair for all broadcasters and advertisers

Alberto Garzón, Spain’s Consumer Affairs Minister who has been tasked with overseeing the federal reform of Spanish gambling laws, said there will be no backtrack from the government on the recently enforced Royal Decree on Advertising. Garzón made his statement after being questioned on Spanish football’s imminent funding crisis by sports radio broadcaster Onda Cero. Last week, La Liga President …

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DGOJ forms ‘athlete first’ integrity protocols with Spain’s AFE

Spain’s DGOJ has announced the formation of a new partnership with the Spanish Professional Footballers Association (AFE), strengthening its network of stakeholders combatting match-fixing and upholding sports integrity values.  Spanish gambling’s regulatory agency will work with the AFE to develop a new ‘athlete first’ collaborative framework to tackle the risks of match-fixing and illegal wagers across Spanish football leagues. The …

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