BUSINESS

Codere impressed with online; Bonnier apply for Danish license; Gambling Commission appoints new RGSB chair

TAGs: Bonnier Gaming, Codere, Denmark, gambling commission, Italy, responsible gambling strategy board, spain

CodereMulti-national gaming firm Codere reported net income of €21.9m as their Latin American operations continue to show strong growth. Weaknesses in their Spanish and Mexican locations were remedied by stellar performances in Argentina and their sole online gambling industry venture, Italy. Europe’s boot produced operating revenue of 86.9% for the third quarter with the  Internet operations included within this figure. Operating profit for the company saw an increase of 14.4% to €44.5m as they wait patiently for the Spanish online gambling industry to be regulated. Codere hit the headlines by suing Bwin over their sponsorship of Real Madrid and the company trying to muscle in on Spanish regulatory discussions. They shouted at Norbert so much that he doth shed one tear. Poor Austrians.

Sweden’s Bonnier Gaming has confirmed it will apply for a license in the soon-to-be-regulated Danish online gambling industry. According to Gaming Intelligence, the news was verified ahead of the Danish Gambling Authority making its own announcement in December. The first operators to gain approval are expected to go live on January 1. Bonnier was formed back on 2006 operates skill and casual gaming and online lotteries.

The Gambling Commission has appointed Brian Pomeroy as chair of the independent Responsible Gambling Strategy Board (RGSB). The group issues advice to both the Commission and Department for Culture, Media and Sport (DCMS) on certain components of the national responsible gambling strategy. Until March 2013, Pomeroy will develop new arrangements in relation to research, education and treatment components of the strategy. His work will be alongside Deputy Chair Prof. David Miers. The RGSB was established in 2008 and Pomeroy becomes its second chair after Baroness Neuberger.

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