Compliance Updates
Spanish Football Clubs Told to End Sponsorship Deals with Betting Companies
Spanish football clubs sponsored by gambling firms have been advised to cancel their contracts before the end of the season in anticipation of a new law on gambling advertising, according to a letter sent by a government minister on Wednesday.
The letter, signed by the minister of consumer affairs Alberto Garzon and seen by Reuters, informs the clubs that contracts with gambling companies will be prohibited once the new royal decree is approved by a cabinet meeting and written into law.
The letter added that betting companies sponsoring teams and athletes had “contributed to normalising a practice with serious health and social risks which need to be minimised in the field of advertising.”
It said athletes’ status as role models had led to an increase in gambling among young people aged 18-25, rising from 29% to 40% in the last four years. The amount of money spent by young people on gambling, meanwhile, had risen by 13% annually.
Seven of the 20 teams in Spanish soccer’s top division La Liga are sponsored by gambling companies, including Europa League holders Sevilla and six-times league champions Valencia.
-
Africa5 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Industry News3 days ago
Pennsylvania Skill, powered by Pace-O-Matic, congratulates PA Gaming Control Board and casinos on a banner 2024 with record monthly revenue
-
Asia6 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
Latest News3 days ago
FBM Foundation spreads holiday cheer with initiatives in Brazil and the Philippines
-
Australia4 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
eSports5 days ago
GRID Joins IBIA as an Associate Member, Strengthening Esports Integrity
-
Australia6 days ago
Regulating the Game 2025 adds masterclass on safer gambling training and customer care
-
Interviews5 days ago
FTDx Wins Xanada Startup Contest: Unlocking Untapped iGaming Traffic with Innovative Monetization Solutions