Southern Europe’s gaming markets continue to strengthen as Spain records double digit growth in Q3, marking the third consecutive quarter of such impressive results.
According to date released by Spanish gaming regulator, Dirección General de Ordenación del Juego (DGOJ), gaming revenue reached €140.5m during the three months ending September 30, rising 37% year-on-year basis.
In terms of individual gaming areas, online casinos amounted €43m during the third quarter, up over 54% year-on-year. As usual, slots contributed more than half (50.9%) of all casino revenue, generating €22.3m of revenue and representing a year-on-year solid improvement of 61.7%.
Meanwhile, live roulette experienced a substantial rise of 91%, totalling €9.1m while traditional roulette reported €6.83m of revenue and blackjack just over €5m. Bingo has also experience double-digit growth, posting a 30% jump, rising to €2.85m in the July-September period.
Aside from casinos, the financial update shows that locally licensed sport betting operators saw a 37% increase in their revenues, amounting €77m and with in-play betting accounting for nearly 60% of wagering revenue and 71.3% of betting volume in quarter three 2017.
Even online poker has been on this ascending line this quarter, with revenues rising to €14.7m, which contributed to a sharp increase of 10% in quarterly figures. Tournaments hiked 18% to to €8.8m while cash games were down 7% to €5.9m.
Additionally, the DGOJ revealed these encouraging figures have been achieved despite a fall in operators’ advertising costs. In Q3, marketing expenses decreased 3% year-on-year terms as well as bonus offers which dropped more than 18%.