Significant increase for Danish online casino market
05 June 2015
The National Danish Gambling Regulatory Body Spillemyndigheden has announced a significant rise in online casino revenue, which has boosted the Danish gaming market in the first quarter. Online casino gaming revenue during the first quarter period of 2015 amounted to €41.6 million euros, which shows a definite increase to that of 2014 first quarter. Regardless of the year-on-year slight decrease in the online poker revenue activities in the market, The Nation Danish Gambling Regulatory Body Spillemyndigheden reported favourably to what seems to be a strong revenue increase from the Danish betting market.
Land-based casino revenue remained at a moderate low margin in comparison with the first quarter for 2014. Total betting and online casino market revenue in the first quarter amounted to €100 million euros, up from €87 million euros last year. Slots gaming activities have shown a steady increase in first quarter revenue figures with a total of €49 million euros. A stronger improvement to the first quarter of 2014.
Gross gaming revenue generated within the domestic market in 2014 was expected to amount €905.2 million, which was a robust increase as supposed to revenue generated in 2012. The National Danish Gambling Regulatory Body Spillemyndigheden released new data that indicates substantial growth in the country’s betting and online casino market during the past two years.
Betting is the largest contributor to Denmark’s wider gambling market having generated €240 million euros in 2014, which is substantially higher than the €160 million euros in 2012. Denmark’s online casino market has also experienced heavy growth during the past two years, increasing from €117 million euros in 2012 to €980 million euros by the end of 2014.
With seven land-based casinos located in Copenhagen, Elsinore, Odense, Vejle, Aarhus, Aalborg and the ferry Peal Seaway between Copenhagen and Oslo, they have contributed to the collective revenue increase as reported by the The National Danish Gambling Regulatory Body Spillemyndigheden. Revenue figures have indicated that both slots gaming and land-based casino activities have substantially recorded growth since this sector has experience a difficult market in 2012.
A comprehensive report will be published by The National Danish Gambling Regulatory Body Spillemyndigheden, showing the estimate gross gambling revenue (GGR) for the first and second quarter in the Danish gambling market.