Tag Archives: Spain

CIRSA completes €390 million bond placement eyeing future investments

SBC News CIRSA completes €390 million bond placement eyeing future investments

Spanish gambling firm Grupo CIRSA has confirmed that it has secured a €390 million bond placement with private investors. Issuing a market filing, CIRSA majority owned by US private equity firm Blackstone, confirms that 120 institutional investors have backed its bond arrangement, which maintains a 4.75% annual interest rate, with debt maturity triggered in 2025. In its update, CIRSA governance …

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Spanish regional broadcasters terminate betting advertising

SBC News Spanish regional broadcasters terminate betting advertising

Basque country public broadcaster Euskal Irrati Telebista (EITB) has confirmed that it will no longer broadcast gambling-related advertising across its TV, Radio and digital platforms. The board of EITB issued a statement detailing that its actions were a ‘necessary enforcement’ as a regional broadcaster ‘protecting and safeguarding the right of the most vulnerable against the serious problems of addiction that …

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No way back! Spain heads for an inevitable gambling reform

SBC News No way back! Spain heads for an inevitable gambling reform

Regardless of the outcome of Spain’s General Election this Saturday 28 April, the ensuing government in whatever shape or form will be tasked with reforming the nation’s advertising and gambling codes. The week of Good Friday, Spanish news sources reported that the minority PSOE government had agreed to Podemos party demands on restricting gambling services and betting advertising. Campaigning in …

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Codere reforms organisation to drive ‘global efficiencies’

SBC News Codere reforms organisation to drive 'global efficiencies'

The governance of Bolsa Madrid-listed Grupo Codere SA has allowed the firm’s executive team to carry out a series of organisational reforms, designed to improve and simplify Codere’s globalised day-to-day operating structures. In its update, the executive of embattled Codere, details that organisational reforms are needed to simplify the firm’s regional units, enhance commercial capacities, whilst improving corporate operating margins …

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Podemos sounds Spanish warning signal for betting leadership

SBC News Podemos sounds Spanish warning signal for betting leadership

Industry leadership will be monitoring the results of the Spanish General Election on Saturday 28 April closely, which could lead to severe ramifications for betting incumbents. Last February, the Spanish Parliament rejected Prime Minister Pedro Sanchez’s PSOE minority government budget, forcing the PM to call for a snap election – Spain’s third in the past four years. Spanish media indicates …

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Codere Apuestas seeks to broaden appeal with ‘Nube’ campaign

SBC News Codere Apuestas seeks to broaden appeal with 'Nube' campaign

Bolsa Madrid-listed Grupo Codere SA has taken a new creative approach in promoting its Codere Apuestas online sportsbook property. This April, Codere Apuestas released its new home market TV and digital advertising campaign ‘Nube’ (translated – ‘The Cloud’) –  publishing/broadcasting the campaign across multiple Spanish media portals. Continuing to work with Madrid-based creative advertising agency El Ruso de Rocky, the …

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Hervé Schlosser: Sportnco – French experience will power growth in Spain with LATAM to follow

SBC News Hervé Schlosser: Sportnco - French experience will power growth in Spain with LATAM to follow

It is widely acknowledged that France is a tough market to operate in, but as Sportnco CEO and founder Hervé Schlosser explains, it is possible to be successful there with the right approach. He explains how his company has become the leading sports betting solutions provider in the country and how this experience is helping his group grow in Spain, …

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Spain’s DGOJ launches new civic campaign on protection & integrity

SBC News Spain's DGOJ launches new civic campaign on protection & integrity

Spanish gambling regulatory authority – la Dirección General de Ordenación del Juego (DGOJ) has released its new civic awareness campaign, warning national stakeholders of preventing under-age-gambling and potential sports corruption. The DGOJ campaign has been launched in partnership with Spain’s federal police force and ‘Central Citizen Unit’. Titled ‘Con el Deporte no se juega’ – ‘We don’t play with sports’, …

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WATCH: OPTIMA CEO Jacob Lopez – Making up for lost time in Spain

OPTIMA

We caught up with Jacob Lopez, CEO at OPTIMA – the sports betting and gaming solutions provider confirmed as a ‘Headline Sponsor’ for next month’s Betting on Football conference. Ahead of the event, which takes place at Chelsea FC’s Stamford Bridge from 19-22 March, we talked all things OPTIMA, including the firm’s Betfred partnership, making up for lost time in …

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Codere backs business plan despite 2018 dramas

SBC News Codere backs business plan despite 2018 dramas

Embattled Bolsa Madrid gambling firm Grupo Codere SA closes its full-year 2018 accounts reporting group-wide losses of €40 million, primarily attributed to significant Argentine market adjustments. Reported throughout 2018, Codere has been forced to navigate the +100% collapse of the Argentine Peso against the Euro, with the gambling group detailing FX losses of circa €34 million. In its Argentina market …

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