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French Online Gambling Market Q2-2016
MIXED BAG IN FRENCH MARKET SECOND QUARTER RESULTS
Poker decline continues, largely impacted by drop in cash game vertical.
The French online gambling market delivered a mixed bag of second quarter results, for the three month period ending June 30, 2016, with sports betting predictably a star performer due to the UEFA Euro 2016 championship.
Sports betting stakes reached Euro 585 million, an all time high since the market’s opening in 2010 and a 73 percent increase. Gross gaming revenue reached Euro 91 million, up 45 percent over Q2/2015 while player bonuses were up 122 percent to Euro 16.1 million.
Horse race betting fell at a significantly sharper pace than that experienced in the first quarter 2016 with regulatory body ARJEL reporting betting stakes down 12 percent to Euro 218 million (Q2/2015: Euro 248 million) and a 10 percent decline in GGR to Euro 55 million (Q2/2015: Euro 65 million).
The rate of Return to Player was 74.7 percent, the lowest recorded in this sector since the market opened in 2010 but bonusing rose 21 percent to Euro 7 million (Q2/2015: Euro 5.8 million).
The online poker vertical continued its previous trajectory delivering a decline in cash games but increased activity in the tournament sector albeit at a slower pace than in previous quarters.
Cash game wagers reached Euro 853 million, 9 percent down compared to Q2/2015. Conversely tournament entry fees increased 7 percent to Euro 450 million (Q2/2015: Euro 421 million). The increase in tournament entry fees failed to offset the decline in cash game activity as was seen in Q1/2016.
Gross gaming revenue for total online poker declined 2 percent to Euro 53 million (Q2/2015: Euro 56 million) and player bonusing dropping markedly by 22 percent to Euro 11.6 million.
ARJEL’s full market report (in French) can be accessed here: http://www.arjel.fr/IMG/pdf/2016T2.pdf
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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