Loterías y Apuestas del Estado

Sociedad Estatal Loterías y Apuestas del Estado (Spanish for "State Society for State Lotteries and Bets", SELAE) is a 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 games nationwide or whenever they exceed the scope of a region.

Sociedad Estatal Loterías y Apuestas del Estado, S.A.
TypeSociedad Anónima
IndustryLottery
Predecessor
  • Organización Nacional de Loterías y Apuestas del Estado
  • Entidad Pública Loterías y Apuestas del Estado (1999-2010)
FoundedMadrid, Spain (September 30, 1763 (1763-09-30))
Headquarters
Madrid
,
Spain
Number of locations
10,800 retailers
Area served
Nationwide
Key people
President and CEO
OwnerGovernment of Spain
Websitewww.loteriasyapuestas.es

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.[1] 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
Lotería Nacional: ticket selling in Zaragoza.

See also

References
  1. "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" (in Spanish). Boletín Oficial del Estado.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.