Tag Archives: Sportium

Sportium declares its ‘Panama intent’ for 2020

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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CIRSA gains competition clearance on Sportium takeover

Spain’s Competition & Markets Authority (CNMC) will allow Grupo CIRSA to acquire bookmaker Sportium outright, permitting the Blackstone owned operator the right to purchase Ladbrokes 50% joint-venture shareholding. The CNMC had been forced to review CIRSA’s pending €70 million acquisition of Ladbrokes JV stake in Sportium, which would see CIRSA control Spain’s biggest wagering network made-up of 3,000 retail betting …

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GVC Holdings confirms Sportium JV disposal

FTSE100 GVC Holdings has this morning disclosed that it will sell its 50% stake in Spanish bookmaker Sportium to joint-venture partner Grupo CIRSA for €70 million. GVC secures its interest in Sportium, through its ownership of Ladbrokes, who in 2007 launched Sportium entering a 50/50 partnership with CIRSA. Last May, Spanish business news sources reported that CIRSA had filed a …

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Sportium delivers on Andalusian racing promise

Sportium the Spanish market joint-venture of Ladbrokes and Grupo Cirsa has announced a new dawn for Andalusian racing opening its new wagering property at the ‘Gran Hipódromo Dos Hermanas’ racetrack. Last November Sportium announced that it had secured an exclusive partnership with Dos Hermanas operator AHD Iberia, moving to revamp the historic Andalusian racetrack’s entire wagering capacity. Citing a number …

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CIRSA demands that Ladbrokes offload stake in Sportium joint-venture

Spanish business news source Economia Digital reports that Grupo CIRSA has sued joint-venture partner Ladbrokes (GVC Holdings) in relation to the ownership structure of its ‘Sportium’ subsidiary. Economia Digital reports that, in July 2018, CIRSA governance filed a Madrid Court challenge against Ladbrokes stating that Sportium joint-venture terms and agreements had been completely altered by GVC Holdings £4 billion takeover of …

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CIRSA states its intent on dominating ‘All Spanish Markets’ under Blackstone

Publishing its private accounts, Spanish gambling firm Grupo CIRSA has detailed solid corporate progress and growth, completing its first year under the ownership of US multi-national private equity firm Blackstone. The Spanish legacy gambling group records 2018 group revenues of €1.4 billion, combined with operating profits of €368 million, up 5% on its 2017 performance. Issuing a corporate statement, Joaquim …

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Sportium demonstrates commitment to women’s football by recognising Spain’s U17 team

Spanish betting operator, Sportium, has demonstrated its commitment to promoting Women’s football by presenting the Spanish U-17 Women’s National Team with the “Sportium Prize”. The prize was presented to the team during the awards ceremony for the Association of Sports Journalists of Madrid (APDM) on Monday. The operator wished to both recognise and celebrate the success of the club after …

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Sportium moves for ‘omni drive’ with UNO app launch

Ladbrokes and Grupo Cirsa, Spanish market sports betting joint-venture Sportium have announced the launch of its ‘UNO’ app accounts, seeking to unify engagements across its digital and land-based properties. Launching its new product, Sportium states that it has delivered Spain’s first omni-channel discipline for sports betting consumers, with UNO accounts allowing customers to cash-out winnings across all 3,000 Sportium Spanish …

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Sportium lauded for its ‘Employee Innovation’ program

Seeking to deliver new products, propositions and directives to market, Ladbrokes and Grupo Cirsa Spanish betting joint venture Sportium has launched its “Sportium Employee Innovation Project” for 2019. The initiative has been backed by Barcelona-based business community Sant Cugat Empresarial, who have praised Sportium leadership for its forward-thinking directive and open employee policies. Closing 2018, Sportium held an open forum …

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Spanish leaders commit to CAJR advisory promoting ‘health & responsiblity’

Spanish gambling executives have formed a new ‘advisory committee for responsible gambling’, with Spain having revamped its online gambling framework this year, and expanding its market to new incumbents in 2019. The ‘Consejo Asesor del Juego Responsible – CAJR’ advisory has been approved by Spanish gambling regulatory body DGOJ, and will act as the betting industry’s point of contact with Spain’s …

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