Danish casinos report 196% GGR growth for May
For May, land-based casinos in Denmark saw revenue rise by nearly 200%, while their online counterparts recorded a decline.
An ongoing post-pandemic resurgence has driven consistent year-on-year growth in land-based gaming.
According to recent figures published by Denmark’s Gambling Authority (DGA), brick-and-mortar casinos generated DKK 32m ($4.5m) in revenue for May, a 196% year-on-year increase. Gaming machines likewise recorded healthy growth, producing DKK 108m for a 97% rise.
Ultimately, both segments saw revenue undergo a modest slide from April, when they produced DKK 35m and DKK 110m respectively, but these figures nonetheless constitute a strong recovery from Covid-19.
For much of last year, land-based operators were impacted by restrictions introduced in response to the pandemic. During this time, betting and online casinos experienced a slight boom.
However, while land-based gaming continues its steady climb to pre-Covid levels, online and betting have suffered commensurate declines.
For May, betting generated DKK 186m in gross gaming revenue (GGR), a 7.3% slump from last year, while online casinos produced DKK 246m, down 0.4%.
But these figures represent an improvement over April’s year-on-year declines. The prior month saw betting experience a 16.6% drop, while iGaming revenue fell by 5%.
As 2022 has progressed, Denmark’s iGaming and betting sectors have seen revenue fluctuate. Meanwhile, land-based casinos and gaming machines have experienced relatively consistent GGR growth, excepting a modest month-on-month drop from April to May.
It would seem that betting and online casinos have seen their financial performance affected by land-based gaming’s recovery, though a balance is gradually being found. Overall, GGR is up by 11.5%.
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