|British gambling group William Hill has announced that its joint venture with Spanish gaming machine operator Codere has been awarded a gaming licence by the autonomous Madrid regional authority.|
The news followed an announcement by William Hill two weeks ago that authorities in Valencia had granted it a license to offer gaming services with the joint venture now able to operate under the Victoria brand name in Spain.
In a statement, Codere stated that both companies would now invest around $15 million each to open about 70 betting venues in the region before the end of the year.
William Hill’s joint venture with Codere has been running since 2006 when the London-based giant stated that it was looking to spend around $13 million in each of the most populated regions of Spain. At the time, William Hill said that its mission was to bring sportsbetting to Spain and it was looking to site betting kiosks in bingo halls and adult gaming centres along with possibly installing betting machines in bars.