Share Submit Related Articles Share Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020 StumbleUpon David Lampitt, Sportradar: F1 presents betting’s most sizeable opportunity August 14, 2020 Andrea Vota – Jdigital’s challenge of Spanish restrictions is led by logic and rationale August 13, 2020 Valencia becomes the latest Spanish autonomous region to update its laws governing gambling establishments operating within its municipality.Concluding its plenary session, Valencia’s municipal government ‘Generalitat Valenciana‘ confirmed that it had given approval to drafting the ‘Ley del Juego’ bill, moving to establish measures preventing minors from accessing gambling halls and implementing further support programs tackling problem gambling.In its mandate, the council underlines that Valencia requires a comprehensive makeover of its gambling code, which has not been updated since 1988.Furthermore, Valencia’s municipal government seeks to develop a ‘single regulatory text’ updating legal and fiscal requirements for gambling venues, which must ‘adapt to new social, economic and technological realities’.Laws related to operating land-based gambling venues are sanctioned by the regional governments of Spain’s seventeen autonomous communities, who determine individual standards and business requirements.Moving to revamp its gambling frameworks, Valencia will seek to establish tougher ‘street-level controls’ supervising public access to licensed gambling venues.In turn, the Valencian government will significantly increase penalties on venues that do not undertake age verifications or background-check vulnerable customers against its municipal self-exclusion registry.Further controls will see Valencia ban the ‘cashing of prizes in bars’, limiting the services of licensed gambling venues, with the regional government further confirming that it will reclassify the authorisation of which premises can operate ‘type-b’ fruit machines.Scrutiny of gambling establishments has intensified across Spain this 2019, with the governments of Madrid and Euskadi revising laws on gambling premises, customer verification and marketing of services.Last week, Barcelona’s city council confirmed that it would not allow for any more gambling expansions for a period of one year, supporting the city’s addiction treatment networks.
Millennials Finding it Hard to Leave Home Just in time for Mother’ Day, a new study by Zillow found that the amount of millennials—those between the ages of 23-37—still living with their mother has reached its highest level this century.The reported figure of 21.9% is nine points higher than those of the same age in 2005, and more than doubling the 11.7% rate back in 2001.While the amount of millennials living at homes continue to rise, the unemployment rate for those living at home has fallen to 10.3% from 19.5% in 2010.“While it might be tempting to stereotype these young adults as lazy millennials bumming off of mom, the data paints a different picture,” said Sarah Mikhitarian, Zillow Senior Economist. “When the housing market went bust and the economy unraveled into a recession, young adults increasingly returned to their childhood home. And, despite a strong labor market and fairly robust economic recovery, this trend has continued in the face of rising housing costs and deteriorating affordability. Living with mom as an adult can certainly bring its share of headaches, but the benefits go beyond the occasional home-cooked meal – living under mom’s roof can allow young adults to save enough money for a down payment, security deposit or some other big expense.Also, as rent rates rise, affordability challenges in the short term and long term are impacted. Zillow states renters in today’s market need an extra year and a half to save for a down payment than their parents’ generation 30 years earlier.Zillow states that rent has increased 2.4% year-over-year to $1,472 in February, and forecasts an additional 1.8% increase in the coming year.The markets with the most millenials living at home are Riverside, California, Los Angeles, California, and New York, New York—at least 31%. These markets are also among the least affordable rental markets in the nation.Just 13.7% of millennials still live at home in Seattle, Washington, which is the lowest in the nation. in Daily Dose, Data, Featured, News May 8, 2019 1,267 Views 2019 Housing Market Affordability Millenials 2019-05-08 Mike Albanese Share