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Online Gambling Revenues up 19 Percent in SPain
Saturday November 15,2014 : ONLINE GAMBLING REVENUES UP 19 PERCENT IN SPAIN
FIFA World cup betting boosts the numbers.
Q3-2014 numbers released by Spanish regulator the Dirección General de Ordenación del Juego, show that the FIFA World Cup football gave Spanish online sports betting revenues a boost in the quarter.
Overall online gambling revenues reached Euro 62 million, a year-on-year rise of 19 percent, and Euro 2.8 million better than Q2-2014, which was already an impressive quarter.
With a 35 percent y-o-y rise in revenues, online sports betting was the top performer at Euro 33.7 million on turnover that topped Euro 708 million, with bet365 the biggest winner, contributing over 50 percent of all sports betting revenues.
Online poker showed a 9 percent improvement year-on-year at Euro 17.2 million on turnover of Euro 528 million. Total tournament wagers were up 39 percent, although cash game wagers declined 11 percent. The Spanish facing sites of Pokerstars and 888 accounted for the lion's share of poker action, contributing 90 percent of the revenues.
Revenues from online casino activity did less well, up just 5 percent y-o-y at Euro 8.5 million, but down 7 percent on Q2-2014 as the market awaited government approval for slot action to influence the numbers going forward.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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