William Hill is opting out of Spain


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.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

3mins ago someone from United States of America United States of America played Alien Robots

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    20
  • Members Online
    290
  • Guests
    1,992
  • New Posts
    200

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
NextCasino
  (83 Ratings)
Jackpot Party
  (32 Ratings)
Bet365 Games
  (97 Ratings)
CasinoLuck
  (142 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (95 Ratings)
Intertops Casino Classic
  (50 Ratings)
Spin Palace Casino
  (69 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (140 Ratings)
Betsafe Casino
  (101 Ratings)
Unibet Casino
  (74 Ratings)
Thrills Casino
  (68 Ratings)
Mr Green Casino
  (196 Ratings)
32 Red Casino
  (159 Ratings)
Jackpot Capital
  (84 Ratings)
Vera John Casino
  (114 Ratings)
Casino Saga
  (52 Ratings)
BETAT Casino
  (107 Ratings)
3Dice Casino
  (138 Ratings)
Sin City Casino
  (50 Ratings)
Redbet Casino
  (69 Ratings)
Winner Casino
  (268 Ratings)
Virgin Games
  (37 Ratings)
River Nile Casino
  (60 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (108 Ratings)
Casino Royale24
  (114 Ratings)
Casumo
  (64 Ratings)