Tuesday November 24,2015 : ONLINE SLOTS GOOD FOR SPAIN’S THIRD QUARTER
Q3 revenues rise following introduction of online slots.
Spain’s gaming authority Dirección General de Ordenación del Juego (DGOJ) reported encouraging figures for the market this week boosted by the introduction of online slots.
Total gross gaming revenues totalled Euro 84.2 million, an increase of 36 percent growth year-on-year.
As a consequence of the award of 29 online slot licenses, casino revenues leapt 114 percent to Euro 18.1 million. Casino contributed 21.5 percent of total online revenue and 32.6 percent of total online gambling turnover in the third quarter.
The online sports betting sector delivered revenues 46 percent up year-on-year to Euro 49.4 million and now accounts for 58.7 percent of total online revenue.
Online poker and bingo didn’t fare as well as revenues dropped 16 percent to Euro 14.4 million and 12 percent to Euro 1.8 million respectively. Poker accounts 17.1 percent of total revenue and bingo 2.1 percent.
Advertising spend rose 42 percent to Euro 18 million while operators boosted bonus offers by almost 200 percent, the DGOJ said.