Online Poker SpainSince the approval and introduction of online gambling in Spain mid-2012, its year on year revenue has not been performing well. The revenue has been moving on a downward trend instead of increasing yearly due to more and more players venturing into online gaming.

The regulator La Dirección General de Ordenación del Juego has indicated that the revenue is slumping at which this may bring it to a halt. It says that Spanish online gaming industry is struggling and having analysed its data and the quarterly findings of Q2-2012, the gross revenue was Euro 55.4 million down 10% the previous quarter Q1. The turnover was Euro 1.3 billion down 7%.

Players sign-up also reduced in the first half of 2013 from a figure of 176,000 down to 126,000. However, the figures indicate that there was a higher performance of 15% in registered players in the second quarter than compared to the previous quarter. This means there was a higher increase on players wagering than compared to the previous.

Average monthly active players reduced down to 279,338 from 407,162 from the previous. Online sports betting revenue decreased by 13% off quarter on quarter whilst online casino revenue declined by 4%.

Bingo revenue increased up to Euro 1.8 million.

In the second quarter, sports betting contributed a larger share of the revenue of 48.4% whilst poker contribute 29.6% and casino gaming was at 15% whilst bingo contributed a 3.2% of the revenue.

The first and second quarter have been marked as a reduction in the online gaming market and the market expects more action by introducing online slots and exchange betting at which this may see the revenue increasing in the next quarter.

Spanish has also ensures to introduce harsh penalties for illegal and unlicensed operators and this may also improve its online gambling industry despite its heavily taxations on online gaming.

Categories: Poker News

Posted on: 10th December 2013 by: Gary Beachley