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BWIN VYING FOR STAKE IN SPANISH NATIONAL LOTTERY
Posted by Phil I on 12/5/10 - Tipped to be a frontrunner in the bid for a 30 percent stake
Spain's second-largest newspaper, El Mundo reports that Austrian online gaming company Bwin is a frontrunner in a bid to purchase a 30 percent stake in Spain's State Lottery. Other companies interested in the purchase of the stake include Spanish companies Codere, Cirsa and Recreativos Franco as well as Italy's Lottomatica.
The Spanish Government announced plans this week to partially privatize the lottery in order to cut debt and expects to raise Euro 5 billion from its sale. The State lottery has an estimated Euro 2.6 billion ($3.5 billion) revenue for 2010 and is renowned for its considerable El Gordo and El Nino draws.
An un-named source told El Mundo that the company is closely watching developments in Spain but continues its focus, for the moment, on its online business.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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