Thursday March 6 ,2014 : SLIGHT IMPROVEMENT IN SPANISH ONLINE GAMBLING
But this market is still sluggish.
The Spanish regulator Dirección General de Ordenación del Juego's latest numbers indicate a 15.6 percent quarter-on-quarter improvement in revenues in this now notoriously sluggish and heavily taxed online gambling market…but the results still lag behind those achieved a year ago.
Q4 revenues reached just under Euro 60 million, 2.5 percent lower than the comparative period last year. Wagers rose 13.9 percent to Euro 1.47 billion, with new player acquisition up 9.4 percent to 137,000, taking full year player registrations to 1.6 million.
Almost half (48.9 percent) of quarter four revenues were generated by sports betting, with online poker cash games bringing in 19.3 percent of revenues and tournaments 9.8 percent. Casino games brought in a total of 17.1 percent…a total likely to grow if online slots are allowed by the regulator.