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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.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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