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Spanish and Swedish Gambling markets continue to grow

Wednesday Februsry 17,2017 :  SPANISH AND SWEDISH MARKETS CONTINUE TO GROW
 
Sports betting still the star in FY figures.
 
This week has seen 2015 numbers released by the Spanish and Swedish regulators, with both markets still showing growth.
 
In Spain, the Dirección General de Ordenación del Juego (DGOJ) reported that overall GGR (gross gaming revenue) was up an impressive 28 percent to Euro 319.6 million on wagers totalling over Euro 8 billion, with sports betting remaining the most popular wagering generator.
 
The sports betting vertical delivered a 40 percent year-on-year increase in revenue over 2015 to reach Euro 179 million, whilst the other star of the annual show proved to be online casino, where the addition of slots action earlier in the year pushed revenues up 80 percent to Euro 67.5 million.
 
Less salubrious performances were recorded by online poker (down at Euro 59.8 million) and bingo (a decline to Euro 7.8 million).
 
In terms of revenue contribution in 2015, sports betting was the biggest at 56 percent of all online GGR, followed by online casino at 24 percent, with internet poker now down to around 15 percent.
 
The year ended with a good performance from the industry in Q4-2015, with online GGR up 40 percent to Euro 94.7 million, made up of sports betting Euro 53.5 million; casino Euro 22.6 million, poker Euro 14.5 million and bingo Euro 2.1 million.
 
In the Nordic North, Sweden’s Lotteriinspektionen boasted that the national market had again outperformed industry norms in 2015, claiming that the overall gambling market generated wagering of SEK 45.6 billion - a 1.5 percent year-on-year growth that created revenues of SEK 16.7 billion.
 
Online GGR for the year came in at SEK 8 billion, a y-o-y increase of around 7 percent, but the regulator estimates that most of that - SEK 4.4 billion - was for the pockets of unlicensed and illegal offshore operators.
 
Nevertheless, the state-owned monopoly Svenska Spel recorded GGR up 8 percent y-o-y at SEK 3.6 billion, with the regulator claiming that the increase outperformed that of foreign competitors by a good 2 percent.
 
Unlicensed operators spent generously on advertising to Swedish online punters, contributing over 70 percent of the SEK 3.3 billion invested in Swedish gambling advertising throughout the year, which declined slightly.
 
The regulator claims that over 2015 the average Swedish punter lost around SEK 2,133 to licensed and regulated Swedish gambling activity, whilst those who used illegal offshore sites lost far less per head at SEK 447...perhaps because of better products and offers?
 
The regulator notes that at some future point the market could become more competitive with the restrictions on licensing for foreign companies lifted in response to pressure from the European Commission

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Gambling News :

Oryx in deal with Extreme Live Gaming - #oryx Turnkey provider ORYX has selected Extreme Live Gaming for the integration of a number of Live Casino titles to its games platform.

GAN Partners with Station Casinos - B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016

Tipbet Sponsor of easy Credit Basketball Bundesliga for season 2016/2017 - #tipbet The agreement comes with good timing; the BBL basketball 2016/17 season started last Friday, ensuring that Tipbet benefits from high visibility for its brand presence at the games.

Oceanís Call Slot Launches - Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.

Big Names Playing WCOOP - The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.

Should Gibraltar and Britain be regarded as a single state under EU gambling laws? - The issue has been referred to the ECJ by the High Court with the question "should the UK and Gibraltar be treated as a single member state when it comes to EU law on remote gambling?"

Sirplay to Open Argentina Branch - #SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.

DFS Changes for Ohio - #dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.

New Jersey Teams Up With Kahnawake Gaming Commission - The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

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