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CASINO GRAN MADRID LICENCED TO GO ONLINE

Posted 5/25/11 :

Established Spanish land-based casino awarded online licence
 
Spanish casino group, Casino Gran Madrid (CGM) has been awarded a licence to operate the first legal online casino in the Autonomous region of Madrid by the Dirección General de Tributos y Ordenación del Juego.
 
A CGM spokesperson said the two-year project has involved over fifty professionals and has attained software accreditation from the Polytechnic University Madrid, who have claimed responsibility for the approval process, through the Foundation for the Promotion of Industrial Innovation, at a total project cost of Euros 3 million to the company.
 
The licence will allow CGM to operate in the autonomous region of Madrid until the National draft law on gambling has been published in Spain’s official Gazette, due this week.
 
Exhibiting impressive forward vision in March 2009, the casino group engaged with online gambling provider Playtech to develop internet operations ahead of the likelihood of a national liberalisation of the industry.  That vision has resulted in a Playtech-powered casino platform and poker offering with a customer management solution provided by Spanish firm MediaTech Solutions.
 
Casino Gran Madrid has had to undergo rigorous certification and regulatory procedures which include giving autonomous control to regulators for supervisory purposes and one million simulations of each game.
 
Director of the Casino Gran Madrid System, Jorge Casanova said: "Casino Gran Madrid will continue to be a single brand which will bring its values ​​to the internet and seek to maximize synergies, from compliance with the principles that have guided the actions of this Casino, security, quality, safety, standards of professionalism and proven experience. "
 
Industry observers are reporting that a gross gaming revenue (gross profit tax) of 10 percent will be applied to the operation as opposed to the proposed 25 percent gross gaming revenue under the National draft gambling law.
 



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Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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