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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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