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Online Casinos Doing Great In Spain

Wednesday August 12,2015 : ONLINE CASINOS THE ONLY BRIGHT SPOT IN LATEST SPANISH MARKET RESULTS
 
Market contracts in second quarter 2015.
 
The online casino vertical was only bright spot in the second quarter results from the Spanish online gambling market, which were released this week; all other verticals showed declining fortunes.
 
Online casino turnover was up almost 62 percent following the launch of slot action in the market, and total casino revenue increased 59.1 percent to Euro 14.6 million. Roulette contributed Euro 6.2 million, followed by Blackjack at Euro 4.2 million, Live Roulette  at Euro 3 million and slots at Euro 1.2 million. Bingo fell to Euro 1.85 million, with the competition sector dropping 11.7 percent to a new low of Euro 800,000.
 
The Dirección General de Ordenación del Juego (DGOJ) reported that total Spanish-licensed online gambling operator revenue fell 6.3 percent year-on-year to Euro 66.7 million in Q2-2015 despite a 29 percent gain in overall turnover.
 
The usually positive sports betting vertical reported stakes up 51 percent to just over a billion Euros, player wins saw revenue come in 2.3 percent down year-on-year at Euro 31.1 million. Pre-match wagering revenue declined 3.8 percent and its contribution to the overall sports betting pot fell to 25.3 percent, whilst live betting increased 71.7 percent to Euro 22.3 million, and horseracing delivered just 2.7 percent.
 
Online poker operations continued the spiral downward with revenue dropping by 6.6 percent to Euro 14.4 million, with tournament revenue up 35 percent to Euro 7.1 million, but cash games shedding 28 percent to Euro 7.3 million.
 
Total punter deposits in the market were up 22.5 percent, surprising considering that operator marketing spend declined 19 percent, and affiliate incentives dropped 10.2 percent. However, bonus offers were way up, soaring almost 90 percent, which clearly appealed to many players.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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