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April 22, 2008
Sportium, the sports betting joint venture between Cirsa Slot and Ladbrokes has won a license to operate in Spain’s Madrid region. Ladbrokes counts online bingo amongst its many online gaming interests with the Spanish online bingo games market being tipped by many online bingo industry watchers for growth. The venture is planning to open up to seventy outlets now that it has gained its license. In 2007 the Ladbrokes and Cirsa Slot announced a Euro 30 million investment in their joint venture and forecast the establishment of more than 150 betting points with up to 150 jobs being created as a result. Initially the activity will be focused on sporting bets, covering a broad range of sports that will include soccer, golf, tennis, basketball and flat racing, among others. It’s not clear if at this stage Ladbrokes will be capitalizing on its online bingo operations to forge a foothold in the fledgling Spanish market. The venture says it expects turnover to be in the region of Euro 80 million during the first year. Written by John Witherspoon – How about playing bingo online? The best free online bingo games are just one click away.
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