Following the Sun: Spain Revenues Drop in Q2 with Shared Liquidity on the Horizon

Published August 4, 2017 by Lee R

Following the Sun: Spain Revenues Drop in Q2 with Shared Liquidity on the Horizon

The shared liquidity outlined by DGOJ will boost revenues even more.

Despite showing online revenue growth of 22.6% year-on-year, the Spanish market appears somewhat curiously to be falling.

Sunny Daze

The newest report released by Spanish gaming regulator DGOJ reveals that the market figure of €121.3 million for Q2 of 2017 represented a drop of 4.5% from Q1.

Brighter Light

The year-on-year jump in active online gamblers for Q2 2017 rose 7% to 646k from Q2 2016, which was also the quarter of the Euro Cup. At the same time, Q2 2017’s marketing investment dropped 16% to €25 million and bonus offerings fell 14% to €21.2 million.

The Figures

Spain’s top Q2 vertical was sports betting, with revenues increasing 12.3% to €60.1 million year-on-year. Live betting took in 68.5% of that total. The second highest revenue total represented the highest jump: the online casino vertical vaulted 52.5% year-on-year to €42.9 million.

The best online casino vertical performance came from slots revenue, which blew up 84% year-on-year to €21.5 million. This take was followed in online casino vertical by roulette’s nearly 66% jump to €9.5 million, with blackjack improving 10.2% to €5 million.

The Poker Intrigue

Rounding it out, online poker revenue in Spain rose nearly 5% to €14.4 million, though dropping 5% from Q1 of 2017.  Like in many other jurisdictions, poker cash games reflected a decrease in stakes to 5.5%, while tournament entry fees rose 16.5%.

Sharing Model

Last Friday, DGOJ released two documents outlining plans for the implementation of shared liquidity and procedures, confirming how Spain-licensed operators will be integrated into the shared liquidity network. The documents further outlined procedures for compliance to the uniform standards jointly agreed upon by gambling regulators in Spain, France, Italy, and Portugal.

More Shared Pools?

DGOJ further suggested the conceptual basis for shared liquidity across other types of as yet unspecified online gaming services. 

The Light of Perspective

The drop in figures for Q2 from the previous quarters should not cause alarm. These are the prime summer vacation months with no grand spectacles to wager on this time out. The year-on-year growth is a much more indicative figure for Spain: any decent model for shared liquidity should increase revenues, with the four regulators having already worked an entire year to perfect their model. 

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