BETTING WORLD NEWS Spanish clubs told to end deals with gambling firms 11 months ago Szarlot Post Views: 298 Spanish football clubs sponsored by betting companies 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 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 decree, which affects all sports in Spain, contains a transition period which ends when the current season terminates next May. 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 football’s top division La Liga are sponsored by gambling companies, including Europa League holders Sevilla and six-times league champions Valencia. Top-flight clubs are already facing serious financial difficulties due to the impact of the Covid-19 pandemic, which Valencia president Anil Murthy said had cost the club around 100 million euros ($118.19 million) in lost revenue. La Liga president Javier Tebas has spoken out against the decree, saying on Monday that clubs would lose a combined 90 million euros and that the league was trying to increase the transition period to up to three years to help teams acclimatise. Source: supersports.com SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: betting, football, LaLiga, promotions, Spain Continue Reading Previous BETWAYNext EGT Interactive looks back on Lottoland partnership More Stories ONLINE WORLD NEWS TVBET to enhance presence in LATAM with BetWarrior sportsbook 2 days ago Iwo Bulski ONLINE WORLD NEWS Pragmatic advances in Italy with Planetwin365 3 days ago Szarlot CASINO WORLD NEWS Greentube has partnered with German operator Jokerstar 5 days ago Iwo Bulski BETTING GHANA False Predictions by a Ghanaian Prophets Sports Betting Enthusiast were devastated 1 week ago Adeleye Awakan ONLINE WORLD NEWS Wazdan opens the gates of the underworld with Power of Gods™: Hades release 1 week ago Iwo Bulski BETTING KENYA TVBET goes live in Kenya and Nigeria via Sahara Games 1 week ago Iwo Bulski ONLINE WORLD NEWS Wazdan content live on Odin Services brands 2 weeks ago Iwo Bulski CASINO WORLD NEWS NOVOMATIC features NOVO LINE CASH CONNECTION ™ edition-2 2 weeks ago Iwo Bulski BETTING WORLD NEWS How Italian bookies survived the tough year 2 weeks ago Samuel BETTING NIGERIA Manual for sports betting top betting sites in Nigeria 2 weeks ago Iwo Bulski BETTING KENYA Kapsabet-based contractor wins Sh1m Betsafe jackpot 2 weeks ago Szarlot BETTING WORLD NEWS GiG signs partnership agreement with Betway for marketing compliance 2 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.