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Danish sports betting and online casino Earnings up
Thursday October 30,2014 : DANISH SPORTSBETTING AND CASINO MARKET PERFORMS
But poker continues its downward trend
Danish gambling regulator Spillemyndigheden released sports betting and online casino results this week, pointing to its strongest quarter since the sector's liberalisation in January 2012.
Third quarter data, based on duty payments made by license holders, saw gross gaming revenue (GGR) from sports betting reach DKK 495 million (GBP 52.4 million), the result partly attributed to FIFA World Cup 2014.
GGR from online casino showed steady growth of around 10 percent to DKK 265 million (GBP 28 million), as has been the trend in previous quarters.
Online poker yielded a GGR of DKK 40 million (GBP 4.2 million) down from the comparative period in 2013 of DKK 45 million. 15 percent of online casino license GGR was driven by online poker during Q3/2014. In Q1/2012, more than 30 percent was driven by poker, confirming the declining trend of the offer.
Spillemyndigheden says it estimates total gross gaming revenue to reach DKK 2.870 million (GBP 303.8 million) for 2014 but cautions the estimate is subject to revision.
Other interesting market stats include:
- Currently, 31 licence holders hold 15 licences to provide betting and 29 licences to provide online casino in the Danish market.
- 9 online casino licences and 7 betting licences reached a GGR below DKK 5 million in 2013.
- 10 online casino licences and 3 betting licences reached a GGR above DKK 25 million in 2013.
- From June 2012, the ROFUS registry for voluntary exclusion has grown to 4000. Around 70 percent have excluded themselves permanently, while the rest have excluded themselves for 1-6 months. More than 75 percent of those registered are male.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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