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Spain has 1 Million Online Gamblers
Wednesday March 27,2013 : ONE MILLION ONLINE GAMBLERS IN SPAIN
Latest stats from regulator show Q4-2012 revenues up 41 percent
Fourth quarter 2012 stats from the Spanish online gambling regulator La Direccion General de Ordenacion del Juego show that GGR reached Euro 61.4 million in the sector, an encouraging rise of just over 40 percent over the third quarter.
La Liga football action was attributed as the main driver of the increase, which pushed online wagering handle to Euro 1.36 billion, or a 24 percent rise over the previous quarter, with the number of registered players at Spanish-licensed websites passing the landmark one million for the first time.
The bad news is that although almost 72,500 new sign-ups are being recorded every month, this is a more than 25 percent decline from the 100,000 a month recorded in the period following the legalisation of online gambling in mid-2012.
The DGOJ reports that sports betting constituted 48.4 percent of all online wagering, with GGR soaring 66 percent to Euro 30 million compared to the third quarter. Operator betting handles rose to Euro 483 million, with a hold rate of 6.2 percent.
Online casino operators still waiting for the regulator to unleash online slot action in the Spanish market contributed 12.4 percent of all online revenues, whilst online poker revenues rose 17 percent to Euro 17.4 million in the quarter.
Online bingo delivered 3.6 percent of the total GGR for the quarter.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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