WILL HILL GETS ITS MADRID LICENCE

4 April 2008

Partnership with Codere works out well


British gambling group William Hill plc and its Spanish joint venture partyner Codere SA have been awarded a gaming licence by the autonomous Madrid regional authorities.

In a statement this week, Codere revealed that through the joint venture both parties will invest Euros 10 million each to open 70 betting venues in the region before the end of the year.

The Codere-William Hill joint venture will operate under the brand name Victoria, in Spain, it added. Last week the Valencia region confirmed it would be offering gaming licences, too.

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