betbull erhält Lizenz für Madrid
Betbull plc ('Betbull') announces grant of a Betting Licence to operate
retail betting premises in the Community of Madrid
The community of Madrid (CAM) today issued a licence to operate retail betting in the Province of Madrid, to Betbull Bwin Espana SA (BBE) the joint venture company launched last year between Betbull plc and Bwin Interactive Entertainment.AG.
BBE has met all the requirements, both technical and financial, set by CAM for the operation of a full betting licence for sports, horses and greyhounds and will now initiate a roll out of retail premises, including own shops and third party premises.
BBE will use the w1nners brand in Spain. The new logo and colour scheme was launched last week at the Madrid gaming fair, where w1nners demonstrated the betting products and services that will be offered in retail units, including betting on live sports.
BBE has established a company headquarters in the heart of Madrid on the famous Gran Via, from where all administration and bookmaking services will be provided. A strong management team has been developed over the last 6 months in preparation for the planned openings.
Commenting on today’s release Simon Bold, director of Betbull plc said: ‘We are happy to announce the grant of our retail licence in Madrid, the company has worked hard to fulfil the requirements of the Madrid Licensing Authority and now feels confident to apply for licences in other Provinces as and when legislation permits.
We see the Spanish market as the most promising European opportunity and will concentrate our resources in this jurisdiction, whilst maintaining a dominant position in the German retail environment.
Betbull is in good shape and reported a positive set of figures in Q2, over the last year we have built a strong team in Spain and developed a retail concept which we believe will be successful in the Province of Madrid and throughout the country as a whole – we are looking forward to the opportunity and challenge that this licence grant offers’
The community of Madrid (CAM) today issued a licence to operate retail betting in the Province of Madrid, to Betbull Bwin Espana SA (BBE) the joint venture company launched last year between Betbull plc and Bwin Interactive Entertainment.AG.
BBE has met all the requirements, both technical and financial, set by CAM for the operation of a full betting licence for sports, horses and greyhounds and will now initiate a roll out of retail premises, including own shops and third party premises.
BBE will use the w1nners brand in Spain. The new logo and colour scheme was launched last week at the Madrid gaming fair, where w1nners demonstrated the betting products and services that will be offered in retail units, including betting on live sports.
BBE has established a company headquarters in the heart of Madrid on the famous Gran Via, from where all administration and bookmaking services will be provided. A strong management team has been developed over the last 6 months in preparation for the planned openings.
Commenting on today’s release Simon Bold, director of Betbull plc said: ‘We are happy to announce the grant of our retail licence in Madrid, the company has worked hard to fulfil the requirements of the Madrid Licensing Authority and now feels confident to apply for licences in other Provinces as and when legislation permits.
We see the Spanish market as the most promising European opportunity and will concentrate our resources in this jurisdiction, whilst maintaining a dominant position in the German retail environment.
Betbull is in good shape and reported a positive set of figures in Q2, over the last year we have built a strong team in Spain and developed a retail concept which we believe will be successful in the Province of Madrid and throughout the country as a whole – we are looking forward to the opportunity and challenge that this licence grant offers’