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William Hill Opts Out Of Spain Gambling
London-listed online and land gambling group William Hill plc is opting out of Spain and a year long venture with the Codere group branded Victoria Apuestas, citing slow regulatory approvals and a control environment that militates against its expansion plans and has been too slow to open up other regions in the country.
Victoria Apuestas was widely applauded as assured of success in the liberalised Spanish gambling industry, opening its first betting shop in Madrid just over a year ago and building up a total of 98 shops in the Madrid and Basque autonomous regions.
The UK company said in a statement:
"These factors [slow approvals and the dilatory opening up of other regions], coupled with the difficult economic situation within Spain, were likely to lead to additional capital requirements and a delay in achieving William Hill's target return for the venture."
The statement added that the company would be relying on its Internet startegies through William Hill Online to carry the main thrust of its international sportsbetting ambitions.
Last year, Will Hill pulled out of a venture in Italy with Codere, which resulted in the sale of William Hill Codere Italia to the Italian group Intralot Italia.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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