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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 :

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

Jack Lam denies bribe allegations - Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.

Fonbet Gets Russian Betting License - #Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.

New Attempts to Restore the Wire act - In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.

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