Tag Archives: Spain

Codere pays high price for 2019 auditing blunders

Publishing its full-year 2019 trading results, Bolsa Madrid gambling group Codere SA has recorded corporate net losses of €62 million, representing a 32% increase on the firm’s cumulative €47 million loss recorded during FY2018.  Codere investors had little to cheer over as the embattled operator recorded declines across all core operating metrics, reporting a 6% drop in group revenues to …

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Andrew Lyman – Brexit is no ‘doom & gloom scenario’ for Gibraltar gambling

Andrew Lyman, Gambling Commissioner for the Government of Gibraltar, is confident that the British overseas territory will maintain its status as an online gambling hub navigating Brexit business complexities. Gibraltar’s Gambling Commissioner spoke to SBC News, as PM Boris Johnson’s new cabinet underlined that the UK will pursue no regulatory alignment with EU standards on business policy, immigration, worker protections, industry …

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Golden Race targets new reign in Spain after online certification

Spain

Virtual sports and betting solutions provider Golden Race has received the certification to supply its online virtual games in Spain.  The company’s online platform includes the successful product Virtual Football League – the most played virtual football in the world.  “We are very happy to start offering our engaging virtual games to the Spanish market,” said Javier Cicciomessere, Golden Race Sales Director …

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Garzón confirms Royal Decree sign-off on 28 February

Alberto Garzón, Spain’s newly appointed Minister of Consumer Affairs, has revealed that Royal Decree reforms will be formally announced on Friday 28 February. Garzón made his statement addressing civil servants of Spain’s DGOJ gambling regulatory authority at a meeting hosted by the Consumer Affairs Ministry. The long-awaited reforms for Spain’s advertising code on gambling products are to be presented to …

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Spanish joint-proposal seeks to revamp Quiniela coupons with a female touch

Spain’s Professional Footballers Association (AFE) is working with centre-right political party ‘Ciudadanos’ (Citizens) to revamp Spanish football’s  ‘Quiniela’ (pools) by enhancing coupons featuring women’s football matches. The collaboration aims to present Congress with a draft proposal which will introduce Liga Futbol Femenino (LFF) ‘Primera Iberdrola’ matches, Spain’s top tier of women’s’ professional football, to Quiniela matchday coupons. The joint proposal …

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Spain to enforce four-hour gambling advertising window

Spain’s Consumer Affairs Ministry has recommended that gambling-related content be limited to a ‘four-hour advertising period’ implemented federally from 1-5 am across all Spanish communities. The Ministry’s strict advertising window follows a meeting with the leaders of Spanish gambling trade associations CeJuego (retail) and Jdigital (online gambling). The ‘after-hours’ restriction will be initially implemented across TV and radio formats, forming the …

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Fabio Schiavolin – Snaitech: Gambling needs deeper skillset to navigate new decade of complexities

Speaking to SBC, Fabio Schiavolin, Chief Executive of Snaitech, has emphasised that entering a new decade, European sector incumbents will have to develop deeper skillsets as the ‘industry’s credibility remains in play’. Accustomed to leading Snaitech through Italy’s many political disruptions, last year at ICE 2019 Schiavolin warned European leadership counterparts that betting had to find its ‘public rationale’ in order to …

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Sportium upgrades entire security infrastructure with Dell EMC

Sportium, the flagship bookmaker property of Spanish gambling conglomerate Grupo CIRSA, has completed a network securities upgrade led by multinational IT infrastructure and engineering group Dell EMC. The project saw Sportium revamp its entire IT securities infrastructure operating across its network of 3,000 retail betting points servicing +8,000 wagering terminals. Sportium’s systems upgrade was led by Dell EMC’s technology security …

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Garzón warns Spanish gambling that sweeping changes are imminent

Spanish gambling incumbents have been put on alert, after Alberto Garzón – Spain’s new Consumer Affairs Minister -confirmed that he will announce new industry measures ‘within two to three weeks’. Garzón made his statement on Spanish broadcaster La Sexta’s weekend current affairs programme ‘El Objetivo’ underlining that new federal measures were needed to protect Spanish communities from ‘the extremes of gambling’. Since the …

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Spanish consumer watchdog instructs coalition to replicate ‘UK credit ban’

Spanish independent consumer watchdog FACUA ‘Consumidores en Acción’ (‘consumers in action’) has advised Podemos deputy Alberto Garzon to implement a ban on credit card wagering across all gambling verticals. Garzon is set to serve as Spain’s Minister of Consumer Affairs within the newly established PSOE-Podemos left-wing coalition government. Seeking closer scrutiny of Spain’s regulated gambling marketplace, PSOE-Podemos has transferred full …

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