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
The Spanish Gambling Regulatory Authority has thrown a heavy punch. On Tuesday, the DGOJ announced a temporary ban on the international prediction market platforms Polymarket and Kalshi, citing their unlicensed operations within Spain. The ban will last three to four months, which is the time window
The Spanish Gambling Regulatory Authority has been very active recently, simultaneously funding research and advancing the public consultation for the revision of the advertising law. The Spanish Ministry of Social Rights, Consumer Affairs, and the 2030 Agenda has officially announced a competitive
After jointly pushing Codere Online to a dual historical record in Q1 in the core markets of Mexico and Spain, CEO Avi Shalel used the word "undervalued" to summarize the core logic of its strategy. In an exclusive interview, he stated that the company does not need to chase new markets to generate
Madrid-based online gambling operator Codere Online delivered an impressive report card for the first quarter of 2026. The company's net gaming revenue reached a record 64.4 million euros (approximately 75.8 million US dollars), a year-on-year increase of 13%, and adjusted EBITDA also reached a hist
The Spanish Gambling Regulatory Authority initiated an enforcement storm against unlicensed gambling promotion in the first quarter of 2026, with the production company Make Money Now SA of the popular online reality show channel Zona Gemelos being a typical case caught. The regulatory body determin
The iGaming industry is never short of awards, but those truly voted on by channels, operators, and service providers are few and far between. The AffPapa iGaming Awards is one of them. On May 20, 2026, this award will welcome its fifth ceremony in Madrid, held concurrently with the AffPapa Madrid S
The European iGaming community's channel event of the year has moved to a new venue. The AffPapa summit is no longer held at the old location, but for the first time, the stage has been moved to Madrid, Spain. From May 18 to 20, 2026, over 1500 channel partners, operators, and B2B service providers
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
