Sportium, a joint venture between Cirsa Slot and Ladbrokes has won the final bid for the license to operate online bingo in Spain’s Madrid region.

According to Ladbrokes, online bingo is considered to be one of its many online gaming interests. The Spanish online bingo market has been tipped by many in the industry to be watched for its potential growth.

To begin activity will be centered on sporting bets covering a range of sports such as golf, tennis, flat racing, basketball and many others, however, it is still not clear if Ladbrokes will capitalize its online bingo operations to get a grip of the growing Spanish bingo market.

The venture does state that with this license, the company expects a turnover of about 80 million Euros in its first year of operation.