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Spain Gross Gaming Revenue Increases 5.4% in Q3 2019

Niji Narayan

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Spain Gross Gaming Revenue Increases 5.4% in Q3 2019
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Gross gaming revenue (GGR) from Spain’s regulated online gambling market has increased 5.4% year-on-year during the third quarter of 2019. Total GGR for the three months to September 30 climbed to €191.7m, which also represented a 7.5% quarter-on-quarter improvement.

This was due in part to online sports betting rebounding after a difficult second quarter, in which the market suffered from the lack of a major summer sporting event. Revenue for Q3 rose to €100.8m, a 3.2% year-on-year improvement and a 16.6% advance on Q2.

Pre-match betting saw its contribution grow to €40.1m, though this still lagged behind Q3 2018 figure. However, it was more than offset by growth in live betting revenue, which increased to €57.9m. Online casinos contributed €66.5m to the quarterly total. This represented a 3.6% decline compared to the second quarter, though a 9.3% jump from the prior year.

Poker remains the third biggest product in terms of revenue, with GGR rising 3.4% to €20.5m, with bingo’s contribution up marginally to €3.2m. Contests, meanwhile, saw the largest growth from the lowest base, with revenue up 128.2% year-on-year to €726,423.

The start of the European football season during the quarter prompted a hike in marketing spend by Spanish licensees, with total expenditure rising 6.1% to €82.3m. Operators spent €5.5m on sponsorship deals – up 45.9% from Q3 2018 – with affiliate marketing spend climbing 25.1% to €9.6m.

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Stakelogic Enters into Partnership with Iforium

Niji Narayan

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Stakelogic Enters into Partnership with Iforium
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Online slot developer Stakelogic has entered into a deal that will see its entire portfolio of games made available via Iforium’s Gameflex platform.

The partnership provides Stakelogic with rapid distribution into additional regulated markets such as the UK, Spain and Romania, allowing the developer to showcase its incredible portfolio of classic slots and video slots to more operators.

For Iforium, the partnership allows it to add quality, proven content to its game portfolio including hugely popular Stakelogic titles such as Flappers, The Expendables Megaways and just-launched games Runner Runner Megaways and Book of Cleopatra Super Stake.

“We are thrilled to have integrated our full suite of games with Iforium and to be able to leverage its incredible network of operator partners in core regulated markets around the world. Our games are proving to be incredibly popular with players in Europe and other international jurisdictions and as we continue to design and develop even more classic and video slots, we look forward to taking advantage of the increased exposure Iforium provides,” Stephan van den Oetelaar, CEO of Stakelogic, said.

“One of the reasons why so many tier one operators work with Iforium is our unrivalled portfolio of top-quality online slots and casino content. In that regard, Stakelogic is a great addition, bringing with it a suite of chart-topping games. We believe operators in regulated markets around the world will leap at the chance to add Stakelogic titles to their lobbies, allowing them to deliver the best possible experience to their players and to stand out from their rivals,” Phil Parry, CEO of Iforium, said.

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BetConstruct Launches its Latest Live Casino Game “Switch BlackJack”

Niji Narayan

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BetConstruct Launches its Latest Live Casino Game “Switch BlackJack”
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BetConstruct has launched its latest live casino game Switch BlackJack. Since the beginning of the summer, this is the fourth major gaming release for BetConstruct’s Live Casino.

Switch BlackJack tables feature three playing sits per game and two boxes to bet on simultaneously with an option to switch combinations. High-odds side bets for more experienced players are an essential element to the game and additional revenue source.

Between three players per table and two betting boxes per individual, there is a higher level of retention for operators with Switch BlackJack. Regardless of the player experience, this new game with an alternative take on the main concept of BlackJack has a full potential of being more than a one-time thrill.

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Greek Super League Announces Interwetten as its Gold Sponsor

Niji Narayan

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Greek Super League Announces Interwetten as its Gold Sponsor
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The Greek Super League has announced Malta-headquartered sports betting operator Interwetten as its gold sponsor for the next three years, starting with the 2020-2021 season.

The sponsorship represents an evolution of the partnership formed last year, where Interwetten joined the league as its official sports betting partner for the 2019-2020 season.

“We are very pleased that the Super League’s cooperation with Interwetten is now entering a new era, as it is officially the Gold Sponsor of the Super League,” Leonidas Boutsikaris, president of the Super League, said.

He described Interwetten’s “vote of confidence” in the Super League as a key driver of progress and development of football locally, and indicating that a broader strategy to attract more investment and sponsorship was succeeding.

Dominik Beier, representative for Interwetten’s board of directors, described Greece as a very important market for the operator.

“So we want to continue to invest in sports here and expand our position. The naming rights for the Super League championship is the most important sports deal that exists in Greece. The Super League opens up a wealth of opportunities for us, both for communication and action, across the country and throughout the year,” he said.

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