This month’s edition of the RP iGaming Index sees Regulus Partners’ Paul Leyland cautiously optimistic about an upswing in the performance of igaming stocks. Market consolidation, meanwhile, has boosted a number of constituent companies.
Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.
The iGamingBusiness.com Nordic dashboard, in partnership with H2 Gambling Capital, suggests that the region will grow to a €4.46bn market by 2023, boosted by the introduction of igaming regulation in Sweden.
France’s online gaming market reported year-on-year growth across all three legal verticals in 2018, with the sports betting vertical the standout performer. However ARJEL has suggested that with growth in other verticals still slow, a shift to a revenue-based tax regime may be key to safeguarding the industry in the long-term.
Shareholders and creditors of Spanish and Latin American focused gambling operator Codere have reached an agreement on a €1.1 billion ($1.4 billion) debt restructuring that will allow bondholders to take control of the company.
Following up on H2 Gambling Capital's first set of data-led articles that looked at the US igaming market and the global gambling sector, the sector's leading data specialists look at the potential value of the Japanese land-based casino market. Japan is already the third largest gambling market in the world with an estimated gross win of US$31.4bn for 2013 and with permissive upcoming casino legislation a real possibility, H2 founder and director Simon Holliday provides a detailed breakdown of the country's gambling landscape.
The PMU on-offline split is a small but potentially significant victory in the wider struggles between private operators and monopolies across Europe and although PMU still has two years in which to lay the groundwork, the actions of France's Competition Authority should provide encouragement to the rest of the EU market.