Connect with us
SIS

Industry News

Online gambling revenue surge in Portugal during World Cup

Niji Narayan

Published

on

Online gambling revenue surge in Portugal during World Cup
Photo Credits: REUTERS
Reading Time: 2 minutes

Portugal’s gambling regulatory body, Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), reports that the country’s online sports betting revenue touched €20.5m in the three months ending June 30. It is a big leap from the €13.9m posted in the same period last year and even the €17.4m posted in the first three months of 2018. This rise in revenue is attributed to the frenzy over the the 2018 FIFA World Cup, in which Portugal did not perform particularly well, however.

Portugal has eight licensed online gambling companies, hold 13 online licenses overall. These companies witnessed more than 103k new customer registrations in the second quarter. Predictably more than 50k new customers signed up during the early stages of the World Cup.

Total sports betting handle hit €89.8m in Q2, a year-on-year increase of more than €22m, although Q2’s figure marked a sequential decline from Q1’s €100.3m. To no one’s surprise, football accounted for nearly three-quarters (74.4 per cent) of all sports wagers in Q2, with tennis (14.2 per cent and basketball (7.2 per cent) well back of the mark).

The online casino vertical, into which the SRIJ lumps its lone poker licensee The Stars Group, reported revenue of €16.8m, a €5.4m improvement year-on-year but only €800k higher than Q1.

Slots remained the top online casino vertical, accounting for 55.4 per cent of Q1’s casino revenue. Poker cash games claimed a 15.3 per cent share while tournament poker hit 5.1 per cent, for a combined poker share of 20.4 per cent, up from 18.6 per cent in Q1. The poker gains are likely attributable to Portugal joining PokerStars’ new European liquidity pool with France and Spain.

The government’s share of Q2’s online revenue hit €16.9m, up €3.6m year-on-year. Portugal imposes a variable tax rate on sports betting turnover that tops out at 16 per cent, a punitive measure that has been blamed for the market’s inability to “channel” local punters to locally licensed gambling sites.

Rather than reduce the tax rate, the government has prioritised efforts to eliminate the option of playing with international sites. As of June 30, the SRIJ has issued notices to some 302 international sites and ordered local internet service providers to block 237 of these domains. The SRIJ has forwarded the names of 11 particularly recalcitrant operators to local prosecutors “for the purpose of proceedings.”

For a month now, Spanish gaming operator Luckia has been telling media outlets that it has secured an online gambling license from the SRIJ, although the SRIJ’s official roster of online licensees has yet to confirm this approval. Nonetheless, Luckia has stated that it intends to launch its Portuguese operations in September, so confirmation should be imminent.

 

Source: calvinayre.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Industry News

Parimatch Goes Live With Pragmatic Play’s Live Casino Offering

George Miller

Published

on

Parimatch Goes Live With Pragmatic Play’s Live Casino Offering
Reading Time: 1 minute

 

Pragmatic Play, one of the leading software providers for video slots, live casino and bingo, has taken its pioneering live casino portfolio live with Parimatch.

Parimatch customers will now have access to an innovative selection of live casino products on the market, with games including Live Blackjack and Live Roulette delivered from Pragmatic Play’s state-of-the-art studio using 4k camera technology.

Hosted by highly trained dealers, Pragmatic Play’s live casino offering provides the most immersive, mobile-first gaming experience, featuring low game latency, fast and easy placing bets, detailed game statistics, complete bet history, guiding sounds effects and animations.

Yossi Barzely, Chief Business Development Officer at Pragmatic Play, said: “We are proud to be accelerating the growth of our live casino product with Parimatch.

“They are an operator who mirror our passion for delivering top quality gaming experiences, and it is fantastic to be working with them.”

Eugene Saveliev, Head of Gambling Products at Parimatch, said: “Live casino is a hugely important vertical in the modern iGaming marketplace, and Pragmatic Play’s slick, advanced offering has the potential to significantly enhance our rates of acquisition and retention.

“We are delighted to have rolled out their content and will continue to build on this promising partnership.”

The provider’s entire portfolio of video slots, bingo, scratchcards and live casino games is available to its operator partners via a single API.

Continue Reading

Canada

Bojoko heads to Canada…

George Miller

Published

on

Bojoko heads to Canada
Reading Time: 2 minutes

 

The hugely popular online casino comparison site launches in Canada with a completely localised offering

 

Bojoko, the hugely popular online casino comparison site, has launched in Canada for the very first time after enjoying massive success in the UK market.

Bojoko is the Airbnb of the online casino world and allows operators and game developers to upload their own listings which players then rate and review.

Good Game Limited, the company behind Bojoko, has been preparing to launch in Canada for more than two years and enters the market with a completely localised offering.

This includes partnering with licensed online casinos that offer dedicated promotions and bonuses to Canadian players and that offer localised payment options.

All content on the Bojoko website has also been re-written in Canadian English, and all currencies are in Canadian dollars, too.

Bojoko is now calling on online casino operators that accept players from Canada to post their listings and allow players to start rating and reviewing their sites.

Players that sign up to Bojoko can take advantage of exclusive offers and promotions, be notified of any news and updates and “follow” their favourite casinos and game developers.

Joonas Karhu, Chief Business Officer at Bojoko, said: “Bojoko is just what online casino players in Canada need. It is a place where they can find reputable brands and discover the best bonuses and promotions available to them.

“Bojoko has proved to be very successful in the UK by allowing operators to upload their own profiles which are then rated and reviewed by players. We believe this formula will be just as popular in Canada and look forward to welcoming Canadian players to our growing community.”

Bojoko’s Canada launch kick-starts the brand’s expansion into international markets, with plans to go live in additional online casino jurisdictions later this year.

 

Continue Reading

Industry News

Sportingtech to offer Live Casino games by Evolution Gaming

George Miller

Published

on

Sportingtech to offer Live Casino games by Evolution Gaming
Reading Time: 2 minutes

 

Sportingtech, igaming platform provider closes a very important distribution agreement with Evolution Gaming, one of the largest Live Casino providers in the world.

World-class Live Casino games

The agreement will allow Sportingtech and its operators to offer game portfolio with live interaction and betting opportunities to all players, from new ones to VIPs.

Just a mouse-click away, players will have online live gaming experience that’s just like playing in a real casino thanks to the widest range of native speaking dealer tables and professional offering with highly trained dealers for maximised player loyalty and lifetime value.

Live Casino game portfolio includes Live Roulette, Live Blackjack, Live Casino Hold’em, Live Three Card Poker and many more.

Multiple benefits for operators

There is a huge revenue opportunity to the operators due to the fact that Live Casino is the fastest growing online gaming sector. Seamless integration will allow all Sportingtech customers to offer best-in-class live games to their end users.

Unrivalled customization options, dedicated tables and native speaking dealers make it much easier to tailor the experience to the specific market needs.
Aggressive growth in casino vertical

“To sign a deal with the company like Evolution Gaming, sure is a major milestone in Sportingtech’s market expansion. What’s important to highlight is the aggressive growth we have in casino vertical.

With plenty of casino deals in our pipeline, this is one of the most important we bring to the operators. We want them to be able to offer the world’s best online live casino games to the players. The deal we have made with Evolution Gaming will provide them exactly that – as close as it gets to playing in an actual top-class casino”, stated Elvis Džombić, Head of Business Development at Sportingtech.

Meet Sportingtech to discuss business opportunities

In case you want to meet Sportingtech’s team and find out more about its casino games offering or other products, you can do so by sending an email to marketing@sportingtech.com or sales@sportingtech.com, and arranging a meeting, whether it’s a Skype call or a meeting in person at one of the upcoming igaming events.

To learn more about Sportingtech, please visit this link: http://bit.ly/2lIfhKr.

 

About Sportingtech:

Sportingtech is igaming platform provider bringing you advanced technology product package for running online and land-based betting and gambling operations for any market. With offices in Malta, Portugal and Curacao, the company strives to develop ground-breaking solutions for the operators, targeting some of the most demanding jurisdictions.

Knowing how sports betting and games of chance have progressed in the last decade as well as market demands regarding the software, information technology systems, legislation requirements, we at Sportingtech make it easier for you to overcome all these challenges.

About Evolution Gaming:

Evolution Gaming is the world leader in Live Casino dealer gaming, founded in 2006. Working with top-tier operators it leads the way in B2B Live Casino services delivered to its customers’ players via multiple channels and devices. Through innovative software, well-established enterprise-class infrastructure and people, Evolution Gaming adds real value to its customers’ gaming businesses.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.