Connect with us
SOFTSWISS

Industry News

New Figures Show How Online Gambling Continues to Grow in Portugal

Published

on

"Portuguese Flag" (CC BY 2.0) by fdecomite
Reading Time: 3 minutes

 

Whether they’re playing casino games on their mobile during the morning commute, having a flutter while watching the big match or even taking their first steps into betting on the ever-growing world of eSports, it seems a huge number of people across the world are embracing online gambling as a pastime at the moment.

The activity appears to be in such rude health at present and the development of online services in recent decades has undoubtedly boosted its availability. This has taken it from an offline pastime enjoyed by those prepared to venture to “land-based” outlets to a whole new level, where anyone can access it at any time and from anywhere. However, if there is one continent where it appears to be thriving more than ever, it is probably in Europe.

A major impact

Research released by the European Gaming and Betting Association (EGBA) at the end of last year undoubtedly put a spotlight on this issue, with the organisation revealing that its members had more than 12 million active customers in 2017. It also found that while online gambling had a 20.7 per cent share of total EU gambling activity, this figure is expected to grow to almost 25 per cent by 2020.

In terms of the most popular forms of the pastime, sports betting led the way with casino games following just behind. Other notable activities included lottery, poker and bingo, while overall the economic size of the online sector in the EU is expected to reach €24.7 billion by 2020. These numbers are somewhat staggering.

The EGBA study is undoubtedly eye-opening and highlights the huge impact that the gambling industry has had in Europe in recent years, but more recent figures have brought the spotlight onto the state of play in one country in particular – Portugal.

Growing in popularity

Online gambling has only been available in the country for a few years, but it has quickly grown to become very popular. A site like casino.pt is a good example of this, as it shows the sheer range of online casino sites operating in Portugal and provides information and reviews on the services that they provide. The spread of such sites perhaps contributes to the popularity increase, offering bettors a fast way of finding reliable platforms.

Now, if new figures are to be believed, it looks like these sites are all doing pretty well at the moment. The statistics from the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (at srij.turismodeportugal.pt) have revealed that the country’s online gambling market enjoyed its best-ever quarterly performance at the start of this year, generating revenues of more than €47 million in the three-month period which ended on March 31st.

Image by Pexels from Pixabay

More than half of the revenue was specifically generated by betting, with football accounting for almost 75 per cent of online wagering. This put the sport well ahead of its nearest rivals including basketball and tennis. In terms of gaming, revenues were up to €22.6 million with gaming machines – or slots – accounting for more than 63 per cent of that. Trailing behind were other games such as online roulette and blackjack.

An intriguing time

The online gambling market appears to be thriving in Europe at the moment and these new figures concerning Portugal only seem to reinforce that fact. Revenues in the country have seen a significant jump in the past 12 months and all eyes will be on whether it can ultimately keep up this pace in the months and years ahead. It is undoubtedly an intriguing time for the industry and it will be interesting to see just what comes next.

Continue Reading
Advertisement




MARE BALTICUM Gaming & TECH Summit 2024

Industry News

SKS365 keeps investing in people: GROW People Management Program took the next level

Published

on

Reading Time: < 1 minute

 

11 experienced people managers from the SKS365 group’s 4 locations gathered last week in Belgrade for the new GROW People Management Program. From 15 th to 19 th of April, through trainings, discussions, and social connections, people had the opportunity to further grow individually and as a team, while enjoying Belgrade’s city center and rivers.

Created in 2023 with the purpose of building foundation people management skills across the organization, GROW initiative evolved this year by including a new, advanced program for experienced people managers to further consolidate their skills and prepare for future opportunities.

Building and fostering connections, sharing experiences, and enjoying team building experiences – all these activities have been part of the GROWpmp agenda for the 11 people managers coming from Commercial, Product and Development, Finance, and Sportsbook departments of the group’s 4 locations – Malta, Italy, Austria, Serbia.

GROWpmp included a variety of topics that people managers in SKS365 recognized as the key areas for management development. Topics such as influence through communication, team effectiveness, DEI, through to presentation skills and business topics like understanding finance and management reporting, were delivered with the support of external professionals and internal experts, while designed and organized by the SKS365 People & Culture team.

 

Continue Reading

Industry News

Kindred’s Share of Revenue from High-risk Players Shows Slight Increase

Published

on

Reading Time: < 1 minute

 

Kindred Group plc’s (Kindred) share of revenue from high-risk players showed a slight increase to 3.2% (Q4 2023 3.1%) in the first quarter of 2024. Compared to the first quarter of 2023, the high-risk revenue share decreased marginally. The percentage of detected customers who exhibited improved behaviour after interventions came in at 87.1% (compared to 87.4% in Q4 2023 and 83.0% in Q1 2023). This sustained trajectory in the improvement effect after interventions, observed over an extended period, serves as a testament to the strong dedication and collective efforts throughout the company. It reflects Kindred’s ongoing commitment to fostering positive change within the industry.

“We continue to see our share of revenue from high-risk players fluctuate quarter to quarter, and we are working closely with all teams across the company to support customers towards a more sustainable gambling experience. However, it is encouraging to see that our Journey towards Zero data has steadily decreased since 2020. A similar trend can be seen across the healthier gambling behaviour effect after interventions. This tells us two things: our work is paying off, but we need to continue to push ourselves to propel a sustainable progression,” Alexander Westrell, Director of Communications at Kindred Group, said.

“It was very encouraging to witness the open and transparent discussions at the Sustainable Gambling Conference in London on 20 March, where those with lived experience shared their important stories. Also, it is evident that technology is moving forward, and will provide greater opportunities to detect and intervene in the future. We hope to see more regulators engage with the industry and with experts to secure a more sustainable industry for everyone,” Alexander Westrell added.

Continue Reading

Industry News

PENN Entertainment Names Aaron LaBerge as Chief Technology Officer

Published

on

Reading Time: 2 minutes

 

PENN Entertainment announced that Aaron LaBerge has been named Chief Technology Officer (CTO) effective July 1, 2024, subject to customary regulatory approvals. Mr. LaBerge will report directly to PENN CEO & President Jay Snowden.

In his new role, Mr. LaBerge will be responsible for driving the technology strategy and execution for PENN, while leading the multinational team of technologists and serving as the key business leader for the company’s Interactive division.

Mr. LaBerge spent more than 20 years at The Walt Disney Company, in two stints separated by five and a half years as a technology entrepreneur. He was most recently President & Chief Technology Officer for Disney Entertainment and ESPN where he was responsible for driving all technology and product development in support of The Walt Disney Company’s two media divisions. In that role, he helped set the vision and strategic leadership for how Disney uses technology to enable storytelling and innovation, drive its business, and create unparalleled consumer experiences with entertainment and sports content.

“We are thrilled to have someone of Aaron’s caliber join our PENN executive team. Having overseen a global organization of thousands of engineers, product developers, designers, technologists, and data scientists that created some of the largest scale and most successful media properties in the world, there is no better candidate to lead our Technology and Interactive division into its future. I know Aaron is looking forward to working with Todd George, our head of operations, and our entire Executive Team to continue growing our position as a leader in online gaming, sports betting, and digital sports media,” Mr. Snowden said.

“I’m excited to join another talented team at PENN Interactive and lead our technology strategy. PENN Entertainment is at the forefront of the fast-changing gaming and sports media industry. I plan to use my experience from Disney and ESPN to help make ESPN BET an essential piece of the sports fan experience. Together, we’ll push the limits and redefine how fans interact with sports and gaming,” Mr. LaBerge said.

Prior to his most recent role at the Walt Disney Company, Mr. LaBerge was Executive Vice President and Chief Technology Officer at ESPN from 2015 to 2018. At ESPN he played an instrumental role in the growth of ESPN’s consumer-facing digital media products and services – leading many of ESPN’s most ambitious and challenging projects and helping establish ESPN’s position as the leader in digital sports and innovative sports technology development. He was a key architect in the design, development, and engineering of ESPN’s state-of-the-art facilities in Bristol, CT; Los Angeles, CA; Charlotte, NC; and Austin, TX, as well as data centers and infrastructure that connect those facilities around the world, as well as the technology design and development to support the launch of the multi-platform SEC Network.

Between 2007 and 2012, LaBerge was co-founder and CEO of Fanzter, Inc. – a venture-funded consumer software and digital product development company. At Fanzter, he directed all day-to-day operations and led the development and launch of a variety of consumer-focused internet and mobile products, ground-breaking social and commerce technologies and more.

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

SaaS-builder for partner program development and performance marketing optimization

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Advertisement

LEADING AFFILIATE MARKETING SHOW

Trending (Top 7)

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

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