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The London financial and business publication This Is Money reports that Gibraltar-based gambling group Victor Chandler expects to become the first British bookmaker to obtain an internet gambling licence in Madrid.
Chandler (58) who relocated his company to Gibraltar in 1999 told the publication: "Madrid has the largest regional gambling market in Spain. We are close to gaining a licence, which will make us the first firm to open the doors to internet gambling in the region and allow us to advertise in Spain."
This Is Money claims that the Madrid market alone is worth Euro 250 million (GBP 215 million), and reports that talks this week may open up all 17 of Spain's autonomous regional markets. The Chandler company is also looking to obtain a licence in South Africa, where moves to regulate and license online gambling are now far advanced.
Chandler declined to comment on rumours that his company is in talks to acquire a large UK sporting franchise. The company recently signed as a sponsor for the Nottingham Forest football club.
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Ontario extended its online gambling deadline -
02/06/2012 : It could be awhile yet before Canada's most populous province, Ontario, joins sisters British Columbia and Quebec in offering online gambling to its residents.
ESTIMATED WORTH OF SPANISH ONLINE GAMBLING MARKET? -
02/06/2012 : Jdigital, the newly launched Spanish Association of Digital Play has estimated that the Spanish online gambling market based on gross gaming revenue in 2011 has increased by 20 percent exceeding Euro 370 Million.
Conister Bank launches the IOM's first e-gaming banking product -
02/06/2012 : The Isle of Man-based Conister Bank has announced the launch of the Island’s first ever e-gaming dedicated banking product, created specifically for the Island’s e-gaming operators, with the approval of the local Gambling and Supervision Commission
Betfair has announced No More South African Gamblers -
02/06/2012 : International online gambling group Betfair has announced that it is to bow to court decisions in South Africa declaring online gambling illegal by cutting off South African online punters from February 14.
Dr. Love slot released to the Apple Store -
02/06/2012 : In an innovative move, NextGen Gaming, which recently merged with the NYX group, has released its popular Dr. Love slot to the Apple Store for mobile players to access direct.
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