Spain Increasing Its Betting Markets

Spain Increasing Its Betting Markets

Latest developments in Spain's gaming market

Spain invite gaming operators to apply for new licenses.

Spanish regulators have decided to open up a new tender window for new online licensees, which will effectively expand the country’s current gambling market.

National gambling authority, the Dirección General de Ordenación del Juego (DGOJ), said in a statement that accepting new applicants interested in entering the Spanish market would soon commence.

The tender hasn’t been officially published yet, but according to available information, it will open a one year period for interested parties to submit their applications. This window will give more time to operators, since the previous tender, published in October 2015, gave them only a month to prepare and file their applications.

According to the DGOJ, all operators will be informed on the status of their application within six months of their filing.

Third Time the Charm

This will be the third time the DGOJ is inviting operators to enter the Spanish online gambling market. The first tender was opened back in 2012, while the previous one, published almost two years ago, ended with 10 new operators receiving their licenses.

The DGOJ stated the latest move represented an answer to recent expressions of interest from several international operators. How many of them will apply for the Spanish license is still not known at the moment, and neither is their identity.

The Spanish online gambling market is slowly but surely establishing its position among its European counterparts. The market itself had a rough start with sports betting and poker. However, the addition of online casino vertical to the country’s regulated gambling offer resulted in the increase in revenue. The most recent quarterly report revealed Spain had grossed €248 million – 3% more money than in the corresponding period of 2016.

Spain’s market has been making excellent results lately. During the second quarter of this year, online casino has further strengthened its positions, while a slight decline in sports betting gross gaming revenue was attributed to the end of the football season in national and continental competitions.

Overall, the online casino and betting industry is showing a stable evolution and a solid growth rate.

Philippines to actually Initiate Privatization Of Pagcor Betting houses in 2018

Philippines to actually Initiate Privatization Of Pagcor Betting houses in 2018

Carlos G. Dominguez III, the Philippine Finance Secretary has indicated that the government is likely to begin the disposal of 17 casinos being currently operated by the country’s gaming regulator. The sale of these casinos is expected to commence during mid-2018.

Philippine Amusement and Gaming Corp (Pagcor), the gaming regulator has a relatively large portfolio of nearly 50 gaming properties. Pagcor also operates its own casinos under the Casino Filipino brand which is spread across 13 locations in the country and also runs around 35 smaller satellite facilities.

The Philippine Department of Finance decided last year to privatize Pagcor owned casinos stating that the regulatory body should focus on its supervisory responsibilities. Private operators had also raised concerns of a potential conflict of interest arising from the dual role played by Pagcor.

The government has made the decision to sell all Pagcor owned casinos. Dominguez said that the process will take a considerable amount of time and stated that when it came down to the selling process, the properties that are fully owned by the regulator would be the first ones to go on the block.

In a statement, Dominguez said

Those casinos being operated directly by Pagcor should be privatised first. It’s not going to happen overnight and the deals are quite complex so we have to piece it out and see what is the best deal for the government

A detailed analysis will be carried out by the government and will include studying how much Pagcor casinos earn based on the total revenue that comes from winnings versus the revenues from licensing fees. Dominguez stated that the first focus will be on the valuation of the properties. He noted that the assessments would be done separately since each casino was different. He expects the process to conclude by the end of 2017.

Pagcor is one of the top earning state-owned companies. It recorded gross gaming revenues of $ 275 million in 2016, with nearly 50 percent of it being shared with the Treasury. However it is failing to keep up with the private casinos operating in the country. Latest results show that the three operational integrated casino resorts in Entertainment City – Solaire Resort and Casino, City of Dreams Manila and Okada Manila currently account for more than half of the entire casino revenue generated in the Philippines. A fourth casino coming up in the dedicated zone Westside City Resorts World is likely to open in 2021.

Dominguez pointed out that it is hard for the government to compete with large scale private casinos and said that Pagcor casinos could very well lose customers to private operators in the coming years. Thus the move to privatize Pagcor casinos is being done at the correct time.

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LeoVegas is New Betting Wife/husband of German Handball Confederation

LeoVegas is New Betting Wife/husband of German Handball Confederation

LeoVegas Sports agrees advertising deal in Germany

LeoVegas Sports strikes deal with German Handball League.

LeoVegas Sport, a part of the Swedish LeoVegas Group that also runs a high-quality casino, has partnered with one of the strongest handball leagues in the world, the German DKB Handball Bundesliga.

The new deal will see the two sides work together for at least next two seasons, 2017/18 and 2018/19.

The newly-signed partnership will include a wide variety of activities, including the usual allocation of advertising space for the events organized by Handball Bundesliga.

New Partner Already Introduced

LeoVegas Sport was officially introduced as the Handball Bundesliga new sports betting partners last week, during the Pixum Super Cup match between the ruling champions of Germany Rhein-Neckar Löwen and THW Kiel, the last season’s cup winner.

LeoVegas Sport presented itself in the Porsche Arena in Stuttgart, while the match was won by Rhein-Neckar Löwen. In addition, the company will increase its presence on Handball Bundesliga online channels. A similar range of activities is planned for the All Star Game, scheduled for February 2, 2018.

As a part of the deal, LeoVegas will be able to use the name and the logo of the Handball Bundesliga in its advertising campaigns for the duration of the partnership agreement.

The Chief Executive Officer of the Handball Bundesliga, Frank Bohmann, said it was a great honour to sign the deal with such a successful company like LeoVegas Sport

Both Sides Pleased With the Deal

Tobias Scholz, Head of DACH region (Germany, Austria, Switzerland) at LeoVegas said the company was pleased to be a partner of one of the world’s most successful Handball competitions. He commended the Handball Bundesliga on its excellent online interaction with fans and added he expected the two sides to achieve great things together.

Scholz said this was an excellent match for the famous brand and a very good requisite for the future implementation of joint projects.

On the other hand, Victor von Kollege, Handball Bundesliga Head of Marketing & Cooperations believes both companies will benefit from the new deal. He also said the Handball Bundesliga was already planning new activities with LeoVegas Sport, which the fans could look forward to in the near future.

The two sides will also tackle the important topic of sports betting and corresponding responsive handling that comes along with it.

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Comp Point Multipliers

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When to Redeem Your Comp Points

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