The gambling industry in Spain is quite large, encompassing lotteries, casinos, and other forms. It features a rich variety of lottery types and extensive sales channels. Additionally, there are several legal casinos within the country, attracting numerous tourists and local residents. The governmen
While many operators are aggressively expanding in Latin America, Codere Online has chosen a slower path. This Madrid-based gambling operator recently reported record-breaking performance—net gambling revenue for the fiscal year 2025 increased by 6% to 224.1 million euros, with adjusted EBITDA fall
Just hours after Evoke confirmed receipt of Bally's Intralot's full stock acquisition offer, Bally's CEO Robson Reeves personally dismantled the most exciting assets in this potential deal during the FY2025 full-year earnings call. The offer is anchored at 0.5 pounds per share, behind which is the d
Spanish gaming group Codere has been reported to be for sale with a valuation of 2 billion euros (approximately 2.3 billion US dollars), attracting widespread attention in the industry. However, Christian Tirabassi, founder of the M&A consulting firm Ficom Leisure, openly stated that this valuation
Spanish media Expansión reported this week that gambling operator Codere has hired Jefferies and Macquarie Capital as advisors to prepare for the company's sale. The company is valued at over 2 billion euros (approximately 2.3 billion US dollars), and expects to receive non-binding offers by mid-May
The Spanish Gambling Regulatory Authority announced this week the launch of the new "2026-2030 Safe Gambling Plan," aimed at strengthening protections for minors through an adjustable multi-year action plan, which includes assessing the impact of social media marketing on teenagers. The plan was off
Codere Online set a record for net gaming revenue of 224.1 million euros in the fiscal year 2025 and is now looking towards further expansion. However, CFO Markus Arielson made it clear that they will only choose markets with the "right elements" — budget, local partners, suitable regulation, and th
The annual iGaming industry event is set for a major change, as the 2026 iGaming Club Conference will be held in Madrid for the first time, moving from Malaga. This professional exhibition, focusing on the global online gambling industry, is scheduled to open in the Spanish capital from May 18 to 20
The online gambling market in Spain is one of the most mature and rapidly growing markets in Europe, currently at a delicate crossroads. On one hand, a stable tax system and increasing player engagement benefit operators; on the other hand, an increasingly strict regulatory framework and a stubborn
When it comes to effective regulation of online gambling, the Spanish model is often used as a textbook example by various countries. Since the key reform in 2015, this country has successfully steered a chaotic market back on track, providing insights for global regulators. What has been the journe
At the beginning of 2026, the Spanish gambling regulatory authority dropped a "shock bomb" on the market. On January 2, the regulatory authority officially approved three brand-new online sports betting operating licenses, which were awarded to the local giant Cirsa and two international platforms—U
Do you know how astonishing the data flow in the global betting market is? TxODDS has just released the "2025 Annual Betting Report" which provides the answer. In the past year, this professional data provider processed up to 31.1 billion odds updates, covering all 193 countries and time zones glob
Spain's online gambling market continued to heat up in the third quarter of 2025, with total gambling revenue (GGR) reaching €405.36 million, a year-on-year increase of 16.49%, with online casino operations becoming the core growth driver. Relevant Spanish gambling market compliance dynamics can be
Rank Group's Spanish operations suffered a payment fraud of 7.1 million euros (approximately 8.2 million US dollars), and has reported the case to the Spanish authorities and initiated an internal investigation. This incident involves the group's two major brands, Yo and Enracha, and related anti-fr
A joint police operation across Spain and Sweden successfully dismantled a violent criminal network involved in illegal gambling. Coordinated by the European Union law enforcement agency Europol, nearly 150 police officers conducted simultaneous raids at multiple locations in both countries at the e
Recent research shows that the spread of illegal online gambling in Spain far exceeds official expectations. A survey conducted by Ernst & Young on behalf of JDigital found that nearly a quarter of online players had used unlicensed platforms, with nearly half of them even unaware that they had step
Jorge Hinojosa, General Manager of the Spanish gambling trade organization JDigital, stated that the Spanish gambling industry will not face the impact of a gambling tax increase in the short to medium term, but the industry is facing new regulatory challenges. The Spanish government has recently im
