Published
MarketingSports BettingIndustry

La Liga clubs could lose betting sponsorships under new gambling law

Spanish football clubs that are sponsored by betting companies might have to cancel their contracts, according to a letter sent out by the minister of consumer affairs Alberto Garzon. He informed the clubs the contracts with betting companies will be prohibited by the new gambling advertising law, which will come into effect once the royal decree is approved by a cabinet meeting. 

laliga

According to Reuters, because the athletes are seen as role models, the advertising led to a rise of gambling among young people in Spain (aged 18-25), which increased from 29% to 40% in the last fours year. The amount of money young people spent on gambling rose by 13% annually.

The letter stated the sponsored teams had “contributed to normalising a practice with serious health and social risks which need to be minimised in the field of advertising.”

Seven of the 20 teams in La Liga are sponsored by gambling companies. La Liga president Javier Tebas stated that under the new law, the clubs would lose a combined €90m ($105m). The clubs were given a transition period that ends in May, but the league wished to extend the period for up to three years.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...