Last week Nottingham Forest football club announced that bookmaker Victor Chandler will be their new sponsor in a six-figure deal that will run initially for two years. It is the first time that the company has ventured into football sponsorship. Last month the bookmaker was reported to be considering moving both online and telephone betting businesses offshore, to take advantage of more liberal tax regimes.

In 1999 Victor Chandler moved to Gibraltar to escape UK gambling tax. Now the company expects to become the first British bookmaker to be granted an Internet gambling licence in Madrid, the largest regional gambling market in Spain. At present the Madrid market is worth around €250 million but all 17 regional markets may open soon. Victor Chandler is said to be looking at the South African market also, with the 2010 World Cup fast approaching.

Chandler commented, “Madrid has the largest regional gambling market in Spain. We are close to gaining a licence, which will make us the first firm to open the doors to internet gambling in the region and allow us to advertise in Spain.” Madrid has been undergoing an update of its gaming regulations. (E-07.14.09)

© Copyright 2009 CasinoCompendium



>>> return to archives
>>> return to frontpage