Victor Chandler To Obtain Online Gambling Licence For Madrid

Victor Chandler is about to become the first British bookmaker to obtain an online gambling licence for Madrid.

Speaking about the deal, Victor Chandler said: “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.”

The Madrid market alone is estimated to be worth €250m (£215m). Ongoing talks may open up more of Spain’s 17 regions to online gambling. The company is also trying to obtain a licence in South Africa before the World Cup 2010.