Loterías y Apuestas del Estado explained

Sociedad Estatal Loterías y Apuestas del Estado, S.A.
Type:Sociedad Anónima
Founder:King Charles III
Area Served:Nationwide
Key People:Jesús Huerta Almendro (Chairman and CEO)
Industry:Lottery
Revenue: 9.96 billion (2023)[1]
Operating Income: €2.86 billion (2023)
Net Income: €2.19 billion (2023)
Assets: €22.90 billion (2023)
Equity: €20.74 billion (2023)
Owner:Government of Spain
Num Employees:483 direct and more than 11,955 indirect (2023)
Parent:Heritage Group
Subsid:Services Aux Loteries en Europe (30,53 %)
Foundation:Madrid, Spain
Location City:Madrid
Location Country:Spain
Locations:10,976 retailers

Sociedad Estatal Loterías y Apuestas del Estado (Spanish for "State Society for State Lotteries and Wagers"; SELAE) is a Spanish state-owned company. Assigned to the Spanish Ministry of Finance, it is responsible for the management, operation and marketing of all types of lotteries and gambling nationwide or whenever they exceed the scope of a region.

As a public company, it was created in 1984 due to the integration of the services that until then managed the State games —the Mutual Sports Betting Board and the National Lottery Service— and it was last reformed in 2010.[2] It assumes all State powers on lotteries, an activity promoted by the State since 1763, when King Charles III created the Royal Lottery. Since 1812, it also manages the Christmas Lottery, the biggest lottery draw worldwide.

Lotteries

See also

External links

Notes and References

  1. Web site: Annual report 2023. 2024-06-22. www.selae.es.
  2. Web site: Real Decreto-ley 13/2010, de 3 de diciembre, de actuaciones en el ámbito fiscal, laboral y liberalizadoras para fomentar la inversión y la creación de empleo.. Boletín Oficial del Estado. Spanish.