Danish online casino revenues up 22%
New figures from regulator show that growth in casino vertical has accelerated but online poker is still struggling
Danish online casino GGR increased 22% in Q1 2015 with the vertical now more than two thirds larger than when the market was first regulated, according to figures released by Danish regulator Spillemyndigheden.
Casino revenues for the quarter were DKR310m (£30.1m), up 67% from the DKR185m krone (£18m) the vertical brought in during Q1 2012, with mobile revenues helping to drive growth.
Although Spillemyndigheden does not break down the sports betting vertical between online and land-based revenues, the 6% year-on-year growth was believed to be powered by the online side.
“We can only estimate the online sports betting growth, but there is no doubt it is the online side seeing the significant growth, particularly on mobile products,” Morten Rønde, chief executive of the Danish Online Gambling Association (DOGA), told eGaming Review.
He added the focus going forward for the sports betting vertical in Denmark would be in-play, which has also been one of the primary growth areas in recent years.
Elsewhere GGR for games with commission, a category primarily comprised of online poker, was down 10% to 40 million krone (£3.9m) year-on-year, as the vertical continues to struggle across the continent.
“Poker has been either stagnating or declining each year, but that is a trend across Europe rather than one just in our market,” Rønde said.
Last month a series of changes to Denmark’s regulatory framework were passed by the European Commission, with an increase in licensing costs for companies which generate revenues of more than KR100m (£9.6m) a year, and a decrease for those who generate less.