Ladbrokes enters joint venture in Spain

British bookmaker Ladbrokes said today it had entered a joint venture in Spain with the country's leading slot machine company…

British bookmaker Ladbrokes said today it had entered a joint venture in Spain with the country's leading slot machine company, Cirsa Slot.

"The JV [joint venture] company will apply for the new betting licences being offered in Madrid where a new decree was passed in December 2006 regulating dedicated betting shops, non-dedicated betting kiosks and remote betting for the first time," said Ladbrokes.

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