Spanish Licensing Competition Hots Up

Published: Wednesday, April 16, 2008 Online-Casinos.com

SPANISH LICENSING COMPETITION HOTS UP

Intralot among companies that lost out to Will Hill in Basque license bids

The business and financial new specialists Thomson Financial advise that Greece's Intralot SA and two Spanish companies were among those which lost out to William Hill plc on the tender for the license to operate the lottery in Spain's Basque region.

The Thomson sources said Intralot was among the six short-listed parties, which also included Ladbrokes plc.

Winner William Hill will be working in cooperation with Finsoft, a subsidiary of U.S.- based G-Tech Corp.

All is not gloomy for Intralot, however - the company recently said its Spanish unit, Intralot Iberia, had been awarded a five-year license to manage sport betting games throughout the autonomous community of Madrid.

The sources said the Madrid license is not exclusive and there was no tender, only submissions from interested parties. They said William Hill also won a Madrid license and will again be working with Finsoft.