Lithuania online revenue up 15% year-on-year

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iGaming Business

Online growth drives Lithuania gambling revenue in 2023

Total revenue was comfortably ahead of the €195.8m reported in Lithuania in the. The national regulator, the Gaming Control Authority, detailed online growth while land-based revenue was slightly lower in 2023. Online gambling generated €148.4m in revenue during 2023, up by 22.0% year-on-year. In contrast, land-based revenue reached €73.8m, which…

Finance ・ 06 February 2024

iGaming Business

New Jersey gambling revenue up 9.3% year-on-year in October

Gambling revenue in New Jersey increased 9.3% year-on-year in October, driven by growth across the state's igaming and sports betting market. Total market revenue in New Jersey reached $487.1m (£390.9m/€446.4m) in October. This was ahead of $445.7m last year but 6.6% behind $521.5m in September this year. Physical slots, which have long drawn the…

Finance ・ 20 November 2023

iGaming Business

Netherlands' NGR up 85% in 2022

The report is based on 2022 only, as it was the first full calendar year for the Netherlands' online gambling market. The country's market officially opened in October 2021, following the passage and ratification of the much-delayed Remote Gambling Act (KOA). This month marks two years since the market became live. NGR comprises of deposits minus…

Industry ・ 20 October 2023

Gambling News

Gambling Revenue in New Jersey Increases by 10.4% In February

The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report outlining the performance of racetracks, casinos and their partners during February 2023. Overall, the gaming revenue reported by the gambling operators and their partners last month hit $412.2 million. This result, when compared to the $373.3…

Finance ・ 18 March 2023

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Gambling News

Danish Gambling Regulator Reports Increased GGR in Q4 2022

The latest financial results report from the Danish gambling regulator Spillemyndigheden highlighted that the overall gross gaming revenue (GGR) for the betting, online casino, slot machine, and physical casino sectors amounted to DKK 1.8 billion ($254.9 million) in Q42022, which represents a 4.5% increase compared to Q42021. The report also noted…

Industry ・ 10 February 2023

iGaming Business

Danish gambling revenue rises 7.9% in 2022

Total revenue for the year stood at DKK6.72bn (£801.3m/€903.1m/$969.2m), which was up from DKK6.23bn in the previous 12-month period. Online casino remained the primary source of gambling revenue in the country during the year, with this sector generating DKK2.90bn in revenue, a year-on-year increase of 3.2%. Of this total, 73.4% came from online…

Finance ・ 09 February 2023

Gambling News

New Jersey Casinos Post Strong Revenue Results in November

On Friday, the gambling regulator revealed that last month, the total gaming revenue reported by casinos, racetracks and their partners hit $441.1 million. This result marked a slight 0.3% increase when compared to the $439.6 million reported for the same period in 2021. Focusing on the bigger picture, year-to-date results until the end of November…

Finance ・ 19 December 2022

iGaming Business

GB gross gambling yield recovers to almost £10bn in 2021/22

The figures were supplied through industry research from the Gambling Commission. While this is a significant rise, the total is 0.8% below the 2019/20 numbers, which mostly occurred pre-pandemic. Despite the increase in the headline numbers since this, the Commission reports that the number of bettors in the sector have fallen. "Since Covid-19…

Gaming Authorities ・ 26 November 2022

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Gambling News

Gambling Revenue in Denmark Marks 7% Increase for Q2

Spillemyndigheden, the Danish Gambling Authority, has announced its quarterly statistics showing the total gross gaming revenue (GGR) reported by licensed gambling operators for the second quarter of 2022. Overall, GGR for online casinos, gaming machines, land-based casinos and betting in Q2, 2022 hit DKK 1688 million ($229 million). When compared…

Finance ・ 13 September 2022

Gambling News

Coljuegos Praises Illegal Gambling Websites Crackdown

Coljuegos has blocked 1577 websites in the first half of the year The regulator is targeting both the land-based and online markets Coljuegos has seen an increase in the overall revenue collected from gambling Image Source: Pixabay.com Coljuegos, the Colombian gambling regulator, has successfully blocked 1577 unauthorized gambling websites…

Gambling Sites ・ 19 August 2022

Gambling Insider

Gambling revenues: Europe on the road to recovery?

It's been a busy time for financial results within the gambling industry, with the likes of Flutter Entertainment, Entain, 888 Holdings, LeoVegas, NeoGames and Table Trac all publishing either Q2 or H12022 results last week alone. But these results have not all been favourable, with many companies continuing to fight against the implications caused…

Finance ・ 16 August 2022

iGaming Business

Tete-a-Tete Casino warned over AML failings in Lithuania

Following an investigation of the operator, the regulator said Tete-a-Tete Casino was not complying with all relevant laws in the country. Tete-a-Tete Casino was ruled to have breached Part 4 of Article 19 of Lithuania's Law on the Prevention of Funding by failing to check the nationality of customers who deposited more than €1000 (£846/$1021) or…

Finance ・ 10 August 2022

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iGaming Business

Lithuanian gambling revenue up 66.0% to €89.3m in first half

Gross revenue for the six-month period amounted to €89.3m (£75.5m/$91.1m), up from €53.8m in the previous year when strict Covid-19 measures meant casinos, slot machine parlours and betting and totalisator points could not open or operate. As such, revenue from land-based gambling rocketed by 1139.3% from just €2.8m in 2021 to €34.7m this year,…

Finance ・ 09 August 2022

iGaming Business

GB gambling revenue drops in June as almost all sectors struggle

The regulator published data based on reports from operators making up 80% of the GB online gambling market and 85% of the retail betting shop market, building on its earlier online-only reports launched in 2020. As such, the absolute figures reported do not include the entire market within these verticals. Month-on-month, online gross gambling…

Finance ・ 04 August 2022

Stock News

GDEN: 5 Gambling Stocks Worth Betting On

Online gambling gained traction during the first COVID-19 wave, as people turned into online entertainment due to nationwide lockdowns and traveling restrictions. In addition, the easing of restrictions lately has allowed in-person gambling to regain momentum, thanks to substantial pent-up demand. With the increased use of smartphones and emerging…

Sports ・ 15 June 2022

iGaming Business

Spillemyndigheden slot machine inspections lead to 255 police reports

Spillemyndigheden continuously monitors approximately 23000 slot machines in retail sites across the country with the aim of flagging illegal activity in the land-based market. In 2001, the regulator carried out 1511 basic inspections of venues, which was significantly more than 683 in 2020, with activity limited due to the novel coronavirus…

Incidents ・ 19 May 2022

Stock News

BYD: 2 Best Casino Stocks to Buy Right Now

The easing of restrictions on in-person casino visits due to success on the COVID-19 immunization front and growing interest in internet casinos have been fueling the industry's growth. According to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker, 2022 started with strong commercial gaming revenue in the United States,…

Finance ・ 19 April 2022

Casino News Daily

Sweden’s gambling industry is on the rebound with online sales leading the way

With 95 active gaming licenses in the country the Swedish Gambling Inspectorate (Spelinspektionen), has released gambling revenue numbers for the industry in Q32021. The numbers are preliminary and may be adjusted slightly before the year-end report but current net sales, total bets minus payouts, are up about 5% over the same third-quarter period…

Industry ・ 02 December 2021

iGaming Business

Swedish gambling revenue up 4.7% to SEK6.3bn in Q3

Revenue - total players' wagers minus winnings paid out - for the quarter climbed 4.7% year-on-year to SEK6.3bn (£523.6m/€622.1m/$699.6m). While this represented an improvement on the SEK6.04bn recorded for Q32020, it was down it was down 3.0% from SEK6.5bn in the second quarter of the current year. Commercial online betting and gambling revenue…

Finance ・ 23 November 2021

Gambling Insider

Sweden sees quarterly decline in gambling revenue despite year-on-year increase

Sweden's gambling revenue increased by nearly 5% in the third quarter of 2021, with licenced gaming companies reporting SEK 6.3bn ($701m) in revenue, according to the Swedish Gaming Inspectorate. While this is up 4.7% year-on-year, the Scandinavian country's gambling revenue experienced a slight decline from Q2, dropping by 2.9% from SEK…

Finance ・ 23 November 2021

iGaming Business

Online drives 10.2% Q2 rise in Swedish gaming revenue

Total market revenue - players' wagers minus winnings paid out - for the three months to 30 June was SEK6.51bn (£548.2m/€637.8m/$755.5m). This was up from SEK5.91bn in the second quarter of last year and also 4.8% higher than SEK6.25bn in the first quarter of 2021. Online gambling remained by far the primary source of gambling revenue during Q2,…

Finance ・ 13 September 2021

Online Poker Report

July 2021 Online Gambling Revenue: NJ Back To Setting Records

New Jersey iGaming revenue hit at all-time high in July. Setting such records each month has been the norm for most of the market's history. However, it's more significant this time in that it marks the end of a three month long slump. Collectively, the state's online casinos earned $118685095 in July. The previous record dates back to March, when…

Finance ・ 19 August 2021

Downbeach

June stats show Atlantic City casinos had a marked increase in revenue over last year

TRENTON - The Division of Gaming Enforcement issued its gaming revenue report Friday, which showed a 302% increase over last year. Based upon filings with the DGE, total gaming revenue for the Atlantic City casino industry in June was $392.8 million compared to $97.6 million in June 2020, reflecting a 302.7% increase. Internet gaming win was $107.1…

Land-based ・ 17 July 2021

Calvin Ayre

Lithuania’s online gambling sector overtakes retail ops during pandemic

Lithuania's local gambling market suffered only a modest revenue hit this year thanks to online gambling growth, although land-based slots halls remain the local favorite despite the fact that they keep shutting their doors. Lithuania's Gaming Control Authority (GCA) recently released statistics showing the local gambling market generated revenue…

Covid ・ 19 January 2021