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ESTIMATED WORTH OF SPANISH ONLINE GAMBLING MARKET?
02/06/2012 : ESTIMATED WORTH OF SPANISH ONLINE GAMBLING MARKET
Positive growth in estimated GGR will be a boon to newly-licenced operators
Jdigital, the newly launched Spanish Association of Digital Play (la Asociación Española de Juego Digital) has estimated that the Spanish online gambling market based on gross gaming revenue (GGR) in 2011 has increased by 20 percent exceeding Euro 370 Million.
Future revenues look bright based on the association's belief that the market will reach Euro 500 million in 2012 and exceed Euro 800 million by 2014.
Estimated online sports betting revenues generated Euro 125 Million in 2011, an increase of 14 percent over 2010 said the association, while online poker has increased by 18 percent over 2010, exceeding Euro 100 million. Casino and skill games are up 21 percent over 2010, grossing over Euro 145 million.
A leap in unique users is reported with a 60 percent increase in 2011 to 600 000. Broken down into sector, Jdigital estimates that 500 000 of those are bettors, 200 000 online poker players and approximately 100 000 indulged in online casino games.
Taking into consideration, the cost of high profile sporting sponsorships, JDigital estimates that operators as a whole spent Euro 90 million in marketing, advertising and sponsorships in 2011.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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.
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