Tag Archives: Spain

DGOJ signals to March ascent for new Spanish Gambling Decree

SBC News DGOJ signals to March ascent for new Spanish Gambling Decree

March is set to be a transformative month for Spanish gambling, as the DGOJ holds final ‘plenary sessions’ on the directives of the ‘Royal Decree on Safer Gambling Environments’.  This week, DGOJ Director General Mikel Arana guided Spain’s ‘Responsible Gambling Advisory Council’ through the ‘main novelties and technicalities’ of the Decree. Arana cited confidence that the Royal Decree will secure …

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CIRSA full unit recovery delivers peak profits of €550m 

SBC News CIRSA full unit recovery delivers peak profits of €550m 

Grupo CIRSA has lauded its 2022 financial recovery as all core business units “return and outperform pre-COVID 2019 trading”.  Full-year 2022 results saw the Blackstone-owned Spanish gambling group declare an operating profit of €552m, up 66% on the corresponding FY2021 result of €331m. Headline growth was attributed to CIRSA units achieving a combined peak operating income of €1.74bn, ahead by …

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Spain: Royal Decree stands but will require its constitutional ruling

SBC News Spain: Royal Decree stands but will require its constitutional ruling

The Tribunal for Spain’s Supreme Court has ruled that the Royal Decree on Advertising cannot be suspended, despite ongoing questions related to its enforcement breaching Spain’s constitutional laws. The ruling responded to an appeal made by Spanish online gambling trade association Jdigital, which argued that the Royal Decree be suspended as it had not received a ‘constitutional review’ to be …

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Codere admits ‘system failings’ following €700K hack

Codere Online

The US Securities and Exchange Commission (SEC) has been informed by Nueva Codere of a cyberattack to its subsidiary Codere Online, resulting in losses of €744,000.  The admission to the SEC outlined ‘weaknesses in internal controls’, which allowed hackers to access Codere Online’s email systems. The cyberattack saw hackers pose as ‘Codere Online agents’, who sent ‘manipulated invoices’ to various …

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DGOJ to review ‘sales authorisation’ of Spanish lotteries

SBC News DGOJ to review 'sales authorisation' of Spanish lotteries

Spanish lotteries ONCE and SELAE will be reviewed by the DGOJ – Spain’s directorate for gambling – in relation to how lottery games are marketed and sold to the public. Spanish gambling and media stakeholders have been informed of the DGOJ’s consultation, which seeks feedback on the ‘commercial marketing of lottery games’ allowed across Spain’s autonomous provinces.   The consultation will …

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EGBA: Fragmented European gambling market returns to pre-pandemic growth

EGBA urges support for ‘common-sense’ markers of harm standard

The European Gambling and Betting Association (EGBA) has published its ‘Key Figures 2022 Report’, providing a snapshot on the performance and prevalence of gambling across European jurisdictions.  The macro report, co-authored by H2 Gambling Report, details a return to stabilised trading for Europe’s gambling market, generating combined gross gaming revenues (GGR) of €108,5bn reflecting an “an 8% increase compared to …

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GiG secures enhanced Spanish presence via Sportnco division

GiG tech deal

Gaming Innovation Group’s (GiG) Sportnco sportsbook unit has signed its latest commercial partner, Spanish group Starcasino Group. Marking GiG’s 14th partnership in the Spanish igaming market, the three-year deal will support Starcasino’s entry into the space, where it will operate both sportsbook and casino products.  GiG’s role in the company’s launch will focus on leveraging its existing standing in Spain, …

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CIRSA to expand international horizons as home units return to growth

SBC News CIRSA to expand international horizons as home units return to growth

Grupo CIRSA has confirmed this week that it will revise its international growth strategy as a result of Spanish home units outperforming their pre-pandemic results.    Strong Q3 trading saw the Blackstone-owned Spanish gambling group achieve corporate revenues of €466m (+40%) as period trading benefited from strong activity registered by its casinos and ‘back-to-business’ recovery of its UNIDESA B2B unit, which …

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Stanleybet expands into Spain via Andalusia launch

SBC News Stanleybet expands into Spain via Andalusia launch

Stanleybet Group has announced that it will expand into the Spanish retail betting market, launching its initial operations in the autonomous province of Andalusia.  The heritage European gambling group has obtained a Spanish retail betting licence, and secured further Andalusian rights to open its first shop venue in the city of Malaga – expected to take place by the first …

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Spanish operators warned of tougher scrutiny as 2022 gambling fines total €84m  

SBC News Spanish operators warned of tougher scrutiny as 2022 gambling fines total €84m  

Spain’s Ministry of Consumer Affairs has stressed the need for tougher monitoring of online gambling, having increased year-on-year ‘sector penalties’ handed to licensed operators.  The warning follows a sector update, which revealed that during the first half of 2022, the Ministry had issued “sanctions for serious infractions” on 53 operators, with fines totalling €84.3m. Of the 53 individual penalties, the …

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