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In November last year the Orenes Group and the Betbull company signed a joint-venture agreement for the development of retail betting activities throughout the whole of Spain.
With this aim in mind both companies have recently formed a company to handle the retail betting operation within the Madrid autonomous region. The new company, called Orenes Betbull SA, will have an initial capital of two million Euos. The presentation took place in Madrid on June 12.
At this more details were announced of the ambitious project of the Orenes Group and Betbull based on the professional solution of one of the most dynamic groups in the Spanish gaming sector, and the technological experience of the betting world offered by the British partner. Betbull is a British company, quoted on the stock exchange in Vienna and has several risk management centres, the most important being in Malta and Frankfurt.
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