Tag Archives: Spain

Spanish media has reported that the Ministry of Consumer Affairs ‘will follow Japan and Belgium’ in prohibiting minors (under-18s) from engaging with loot box rewards or incentives.  The decision will be announced as Alberto Garzon, Spain’s Minister of Consumer Affairs finalises his department’s first draft of a ‘legislative decree’ on the governance of video game purchases and consumer rights. The …

Jdigital – Spain’s online gambling trade association has stated that the market has begun to suffer ‘negative evolution’ of overbearing regulations and policies, set by Spain’s Ministry of Consumer Affairs.  Citing official DGOJ figures tracking the Q1 performance, Jdigital noted that a 15% decline in turnover, marked the fourth consecutive quarterly decline for Spain’s regulated online gambling marketplace. Of heightened …

Alberto Garzon, Spain’s Minister of Consumer Affairs, has vowed that Spain will become the first European country to have a ‘specific law’ to govern loot box and video game incentives.  The measure was declared at a video games seminar hosted by the Ministry of Consumer Affairs, which since 2020 has led the federal overhaul of Spain gambling laws. Garzon declared …

Spanish online gambling trade association Jdigital has reported positive developments on its joint appeal against the Royal Decree on Advertising which imposed a federal ban on gambling advertising across Spain’s 17 autonomous communities.  Last week, Spain’s Supreme Court informed stakeholders that Jdigital’s appeal, sanctioned with Spanish media counterpart AMI, could be put forward for a Constitutional Review. Back in January …

Nueva Codere has declared that it is on course to match its ‘pre-pandemic’ financial performance as the Spanish and LatAm gambling group begins to benefit from its corporate restructuring.  Trading in its new identity, following its delisting from the Madrid Bolsa and the demerger of the Codere Online unit – Nueva Codere has announced that it has achieved corporate revenues …

Jdigital, Spain’s online gambling trade association, has shared knowledge and insights on match-fixing and sports corruption with the National Police Department. This week in Barcelona, Jorge Hinojosa, Director General of Jdigital, participated in a series of workshops organised by the Training & Development unit of Spain’s police department.  Jdigital’s workshops aim to strengthen the training of police officers across Spanish …

Spain’s Congress of Deputies has approved for MPs to vote on a set of new measures to be applied to ‘The Gambling Law’ that will strengthen the “state’s control on monitoring betting fraud to help tackle sports corruption”.  The Congress that serves as Parliament’s ‘legislative review branch’ voted unanimously in favour (343 votes / 0 against) of approving amendments that …

The Governing Council of Madrid has approved a ‘Community Decree’ that will overhaul how betting and gambling premises operate within Spain’s capital city.  Last week, the council unanimously voted in favour of the decree that will override the existing laws that oversee gambling premises operating across Madrid’s twenty-one districts.   The decree aims to desaturate the presence of betting venues within …

Rank Group Plc has downgraded its 2021/2022 full-year EBIT profit guidance from £55m-to-£65m to the lower range of £47-to-£55m – having considered  Q3 trends that detail a ‘softness in venue trading’ and ‘continued inflationary costs’.     The LSE gambling group has notified investors that it continues to monitor post-pandemic elements that are impacting the full recovery and day-to-day trading of its …

Grupo CIRSA has announced the appointment of Antonio Hostench as new Chief Executive of the Blackstone-owned Spanish markets gambling group. Yesterday, the board of CIRSA informed stakeholders that it had decided to split the duties of CEO and Chairman that Joaquim Agut had served since 2018, following US PE fund Blackstone’s buyout of the company. Agut will now solely act …