Online gaming content developer Net Entertainment (NetEnt) has announced that it has signed a licence agreement with Spanish gaming operator Codere, as well as confirming it has been granted licences to operate in the UK market.
Under the agreement with Codere, NetEnt will deliver a range of casino games to the operator’s online casino in Spain.
NetEnt is currently in the licensing process in Spain in the hope of launching its products and services in the country this year.
“Codere is a market leader in Spain, which is one of our prioritised countries when it comes to new regulated markets with strong growth potential,” NetEnt Malta managing director and chief of European market operations, Enrico Bradamante, said.
Meanwhile, NetEnt has also revealed that it has been awarded operating and software licences for the UK market by the UK Gambling Commission.
NetEnt has been operating under a temporary licence since the introduction of new regulation in the UK late last year.
Per Eriksson, president and chief executive officer of NetEnt, said: “This is a milestone for NetEnt and we are very pleased to have been approved for UK licenses by the UK Gambling Commission.
“Britain is the largest gaming market in Europe and is central for our growth strategy to expand on regulated markets.”
Showing posts with label Codere. Show all posts
Showing posts with label Codere. Show all posts
April 02, 2015
March 28, 2012
No legal basis for Spanish injunction, claims Sportingbet
Sportingbet will file an appeal against an injunction issued by a Madrid court against the company’s Spanish facing sites which comes into effect today, having received advice that there is no legal basis for the action.
Last December, Codere sought a number of injunctions against companies operating in the Spanish online betting and gaming industry, including Sportingbet. Codere claims that overseas operators have gained an unfair competitive advantage by operating in Spain without a licence, while Codere has been subject to local regulation and taxation.
Sportingbet says however that Codere’s actions are part of a campaign to “restrict the online industry prior to the granting of licences under new Spanish legislation.”
In a statement released this afternoon, Sportingbet said that it was not notified of the application against it and was given no opportunity to defend itself.
All of Codere's applications were rejected by various Spanish courts, with the exception of one made against Sportingbet in the Commercial Court in Madrid, where the court found against Sportingbet and issued an injunction against the company’s Spanish facing sites Miapuesta.es and Miapuesta.com.
Sportingbet subsequently attended a hearing at the court in Madrid on February 16th at which it defended its legally compliant position. Despite this, the court granted the injunction stating that “any offering of gaming or betting activity that has not been granted a prior administrative authorisation is, indisputably, prohibited”.
“Sportingbet firmly believes that Codere's injunction application was based on erroneous information presented to the Court and is a blatant attempt to disrupt the market in the run up to the issue of licences,” said Sportingbet in a statement Tuesday.
Sportingbet is filing an appeal against Codere's claim having received advice that there is no legal basis for the action. The company says that this is supported by the decisions of other Spanish courts to reject Codere's applications for injunctions against other companies in the Spanish online gaming sector such as bwin and PokerStars.
The injunction comes into effect today, March 27th, although Miapuesta.es has already been closed down until the Spanish licensing process has been completed, while Miapuesta.com is still live at the time of going to press.
Sportingbet confirmed that it has applied for a licence under the 2011 Spanish Gambling Laws, and following regular meetings with the Spanish regulators, expects to be granted its licence on or before May 25th.
Shares in Sportingbet plc (Co. Data) (LSE:SBT) have dropped 2.56 per cent to 38.00 pence per share in London today, after the company announced earlier today that it has completed payment to the U.S Department of Justice in accordance with the terms of its non-prosecution agreement.
Last December, Codere sought a number of injunctions against companies operating in the Spanish online betting and gaming industry, including Sportingbet. Codere claims that overseas operators have gained an unfair competitive advantage by operating in Spain without a licence, while Codere has been subject to local regulation and taxation.
Sportingbet says however that Codere’s actions are part of a campaign to “restrict the online industry prior to the granting of licences under new Spanish legislation.”
In a statement released this afternoon, Sportingbet said that it was not notified of the application against it and was given no opportunity to defend itself.
All of Codere's applications were rejected by various Spanish courts, with the exception of one made against Sportingbet in the Commercial Court in Madrid, where the court found against Sportingbet and issued an injunction against the company’s Spanish facing sites Miapuesta.es and Miapuesta.com.
Sportingbet subsequently attended a hearing at the court in Madrid on February 16th at which it defended its legally compliant position. Despite this, the court granted the injunction stating that “any offering of gaming or betting activity that has not been granted a prior administrative authorisation is, indisputably, prohibited”.
“Sportingbet firmly believes that Codere's injunction application was based on erroneous information presented to the Court and is a blatant attempt to disrupt the market in the run up to the issue of licences,” said Sportingbet in a statement Tuesday.
Sportingbet is filing an appeal against Codere's claim having received advice that there is no legal basis for the action. The company says that this is supported by the decisions of other Spanish courts to reject Codere's applications for injunctions against other companies in the Spanish online gaming sector such as bwin and PokerStars.
The injunction comes into effect today, March 27th, although Miapuesta.es has already been closed down until the Spanish licensing process has been completed, while Miapuesta.com is still live at the time of going to press.
Sportingbet confirmed that it has applied for a licence under the 2011 Spanish Gambling Laws, and following regular meetings with the Spanish regulators, expects to be granted its licence on or before May 25th.
Shares in Sportingbet plc (Co. Data) (LSE:SBT) have dropped 2.56 per cent to 38.00 pence per share in London today, after the company announced earlier today that it has completed payment to the U.S Department of Justice in accordance with the terms of its non-prosecution agreement.
March 13, 2012
Court supports Codere
Efforts by Codere to halt illegal activities of Spanish online operators have been supported by a court in Madrid. The court has already halted the operation of Sportingbet sites miapuesta.com and miapuesta.es and considers that “any offering of gaming or betting activity that has not been granted a prior administrative authorisation is, indisputably, prohibited.”
As reported in intergameonline.com, the “court states that any offering and marketing of games of chance and betting carried out remotely before and after the entry into force on May 29, 2011, of a new gaming law is illegal, since they have been developed breaching current prohibitions and without the relevant licences granted in Spain.”
Codere has been strenuously tying to bring these operators to justice; the very same operators that have been flaunting themselves from tax havens, impervious to the Spanish tax authorities, without licences, without player protection, without paying taxes in Spain, without generating employment and harming those entities which operate lawfully in Spain.
The Spanish government and the EU have now opened their eyes to this, as well as breaking away from the “legal vacuum” which has been used by unlicensed operators to justify their Spanish operations. Licenses being granted is still pending before the General Directorate of Gaming Supervision
As reported in intergameonline.com, the “court states that any offering and marketing of games of chance and betting carried out remotely before and after the entry into force on May 29, 2011, of a new gaming law is illegal, since they have been developed breaching current prohibitions and without the relevant licences granted in Spain.”
Codere has been strenuously tying to bring these operators to justice; the very same operators that have been flaunting themselves from tax havens, impervious to the Spanish tax authorities, without licences, without player protection, without paying taxes in Spain, without generating employment and harming those entities which operate lawfully in Spain.
The Spanish government and the EU have now opened their eyes to this, as well as breaking away from the “legal vacuum” which has been used by unlicensed operators to justify their Spanish operations. Licenses being granted is still pending before the General Directorate of Gaming Supervision
July 07, 2011
Cirsa and Codere against tender and sale of Lotería y Apuestas del Estado
The upcoming IPO of Loterías y Apuestas del Estado (LAE) has not only raised expectations among investors, but also between the rival companies. Some of the major private operators in game, like Cirsa and Codere, criticize the way the privatization will be carry out.
Codere is "concerned about the possible unfair competition that may occur by the state enterprise.” This group, the only quoted in Spain with a capitalization of 520 million euros in 2010, criticizes that "an entity that doesn’t pay taxes can compete with the weapons of their special status against private operators."
Meanwhile, Cirsa is not much more positive. Its CEO, Joaquim Agut, stated that "the State cannot compete unfairly with Loterías," and requested a fiscal and regulatory treatment similar to the one that new law gives to public companies, which prepares the sale of 30% of its capital through an IPO next November.
To Agut, the lack of reciprocity between the two groups is shown in, for example, that LAE may enter and compete in new products with better fiscal framework than the other groups and less advertising restrictions. "We want a similar deal," said Agut. "The state can’t be regulator and competitor at the same time."
Cirsa, controlled by the Lao family, defends his position with data: according to its figures, industry revenue has fallen 27% since 2008, compared to the "slight fall" of LAE (-2%) and Once (-10% ). In its view, reflects the regulatory asymmetry.
At Once, they are cautious. "We don’t have all the information about how the IPO will be and we don’t have a closed stance in this regard," they said in the state. A different approach is the one that shows the association of Internet gamblers, Aedapi. Despite acknowledging that the public group will start "with certain advantages," its director, Sacha Michaud, is "positive" with privatization and believes "that the industry will grow faster. Their current games will continue free tax, but not the new ones,” he says.
Codere is "concerned about the possible unfair competition that may occur by the state enterprise.” This group, the only quoted in Spain with a capitalization of 520 million euros in 2010, criticizes that "an entity that doesn’t pay taxes can compete with the weapons of their special status against private operators."
Meanwhile, Cirsa is not much more positive. Its CEO, Joaquim Agut, stated that "the State cannot compete unfairly with Loterías," and requested a fiscal and regulatory treatment similar to the one that new law gives to public companies, which prepares the sale of 30% of its capital through an IPO next November.
To Agut, the lack of reciprocity between the two groups is shown in, for example, that LAE may enter and compete in new products with better fiscal framework than the other groups and less advertising restrictions. "We want a similar deal," said Agut. "The state can’t be regulator and competitor at the same time."
Cirsa, controlled by the Lao family, defends his position with data: according to its figures, industry revenue has fallen 27% since 2008, compared to the "slight fall" of LAE (-2%) and Once (-10% ). In its view, reflects the regulatory asymmetry.
At Once, they are cautious. "We don’t have all the information about how the IPO will be and we don’t have a closed stance in this regard," they said in the state. A different approach is the one that shows the association of Internet gamblers, Aedapi. Despite acknowledging that the public group will start "with certain advantages," its director, Sacha Michaud, is "positive" with privatization and believes "that the industry will grow faster. Their current games will continue free tax, but not the new ones,” he says.
February 25, 2011
Codere launches legal action against bwin & Real Madrid
Codere is a leading Spanish multinational company in the private gaming sector in Europe and Latin America. The firm managed over 54,000 slot machines, 139 bingo halls, 275 betting locations, 3 racetracks and 7 casinos in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama and Uruguay in 2010.
Codere is scheduled to file legal proceedings at the Madrid Commercial Court against online gaming operator bwin and La Liga football club Real Madrid. The suit alleges bwin and Real Madrid were advertising illegally in the Spanish jurisdiction. Codere has brought up the issue because it contends that bwin and the Real Madrid football team engaged in an aggressive and illegal advertising for games of chance stating,“has not been previously authorized by the responsible Authority or made subject to any statutory condition, neither is it protected by European Union cross-border laws”.
Spain’s Unfair Competition Law has been allegedly broken by the actions of bwin and the La Liga Football club Real Madrid and they do not have a permit to operate in Spain, according lawyers for the Codere Group. The prepared statement read, “Authorized gambling operators in Spain are not permitted to advertise or may only do so subject to stringent restrictions and after obtaining authorization from the Authority,” continuing, “Neither are authorized operators able to operate games through the Internet, although they have the necessary technology and expertise to do so, since these games are prohibited in Spain and in some cases may be activities liable for prosecution in the context of criminal law.”
The complaint demands the immediate cessation of advertising campaigns and the termination of the sponsorship agreement between Real Madrid and bwin. bwin is one of a number of European online gaming operators who sponsor Spanish football and does have a licence to provide retail sports betting in Madrid under its w1nners brand.
Codere will also, it said, launch other legal suits to resolve what it calls unfair business practices in Spain.
Codere is scheduled to file legal proceedings at the Madrid Commercial Court against online gaming operator bwin and La Liga football club Real Madrid. The suit alleges bwin and Real Madrid were advertising illegally in the Spanish jurisdiction. Codere has brought up the issue because it contends that bwin and the Real Madrid football team engaged in an aggressive and illegal advertising for games of chance stating,“has not been previously authorized by the responsible Authority or made subject to any statutory condition, neither is it protected by European Union cross-border laws”.
Spain’s Unfair Competition Law has been allegedly broken by the actions of bwin and the La Liga Football club Real Madrid and they do not have a permit to operate in Spain, according lawyers for the Codere Group. The prepared statement read, “Authorized gambling operators in Spain are not permitted to advertise or may only do so subject to stringent restrictions and after obtaining authorization from the Authority,” continuing, “Neither are authorized operators able to operate games through the Internet, although they have the necessary technology and expertise to do so, since these games are prohibited in Spain and in some cases may be activities liable for prosecution in the context of criminal law.”
The complaint demands the immediate cessation of advertising campaigns and the termination of the sponsorship agreement between Real Madrid and bwin. bwin is one of a number of European online gaming operators who sponsor Spanish football and does have a licence to provide retail sports betting in Madrid under its w1nners brand.
Codere will also, it said, launch other legal suits to resolve what it calls unfair business practices in Spain.
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