Tag Archives: Spain

Teaming up with Stats Perform’s AI team, football analysis blog TheAnalyst.com has provided its ‘empirical answer’ as to who will win this summer’s UEFA 2020 European Championships (11 June to 11 July). Crunching the numbers on teams past and present performance, against a plethora of factors determining the likely outcome of the tournament’s groups and matches – Stats Perform has …

Market-by-market, regulators face critical choices in how to govern the intricacies of managing product liquidity vital for all online gambling disciplines. Martin Lycka, Entain Plc’s Senior VP of North American Regulatory Affairs and Responsible Gambling examines how regulators should approach online gambling’s complex liquidity conundrum, maintaining a balance between effective market management and commercial appeal for consumers. ____________________ Liquidity is …

Alberto Garzón, Spain’s Minister of Consumer Affairs, has revealed his department’s intentions to undertake a wholesale review of the country’s gambling’s tax regime across all licensed verticals. The minister made his statement in an interview with Europa Press radio, revealing that Spain’s Ministry of Consumer Affairs had ‘studied potential new formulas to tax gambling and sports betting operators’. Garzón maintained …

Spain’s Ministry of Consumer Affairs has launched a public consultation seeking guidance on how to ‘modify the Gaming Law’ to include loot boxes as a gambling vertical.  The consultation has been launched with the primary focus of updating Spain’s gambling laws to allow regulatory agencies to judge consumer interactions on in-game purchases and incentives that require a financial transaction. An …

Spain’s approved ‘Royal Decree of Advertising’ will not be delayed or modified, after the Supreme Tribunal struck down an injunction launched by Spanish media trade union the ‘Asociación de Medios de Información’ (AMI). On Friday, the ‘commercial disputes chamber’ of Spain’s Supreme Tribunal rejected AMI’s appeal to postpone the 1 May enforcement of the Royal Decree’s blanket ban on gambling …

Jdigital has signed a ‘collaborative agreement’ with Spanish problem-gambling therapist FEJAR, which will see its members promote a new treatment support freephone helpline (tel- 900 533 025) across their digital inventories.  The Spanish online gambling trade association has revealed that eight of its members – Codere, Ebingo, Entain, Flutter, Sisal, Sportium, Wanabet and Winamax – have begun the ‘first phase …

Grupo CIRSA, Spain’s largest gambling operator, has published its 2020 financial accounts, revealing group-wide operating losses of €255 million.  CIRSA, which is fully owned by US private equity fund Blackstone Group, cites that its financial performance had ‘rebounded’ during the second half of 2020 trading, as the company posted a better than anticipated full-year EBITDA of €126 million. Nevertheless, CIRSA …

The creditors of Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes. The Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firm’s ongoing restructuring arrangements. Back in July, company creditors had allowed Codere to access a further €250 …

Spanish online gambling trade association Jdigital has confirmed that its appeal against the gambling amendments of the ‘Royal Decree on Advertising’ has been accepted by Spain’s Supreme Court. Representing the interest of Spain’s licensed online gambling incumbents, Jdigital takes its existing dispute with the Ministry of Consumer Affairs to Spain’s highest-ranking law court. The trade association maintains that the decree …