Gaming News

Spain's first bookmaker opens shop

MADRID, Spain -- As reported by Reuters: "Spain's first sports betting shop opened for business on Wednesday, one of thousands that foreign bookmakers hope to launch in the football-crazy nation which already bets more than any other European country.

"British bookie William Hill and Spanish gambling firm Codere plan to set up 70 sports betting shops across the Madrid area -- the first of Spain's 17 regions to grant licenses -- under the joint venture's Victoria brand.

"Spanish betting market is expected to grow to 39 billion euros ($57.8 billion) by 2010, with the sports betting market set to hit 4.5 billion euros, according to MECN consultants..."

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