Below we have prepared for you a selection of the most interesting news that happened recently in the industry of online gambling. They all are about financial part of operating of some organizations.
Illegal gambling market continues to grow in Sweden
According to Swedish mass media, the country has a tendency of illegal gambling market growth.
This news was confirmed by national gambling regulator Lotteriinspektionen. Lotteriinspektionen CEO Hakan Haldstedt claimed that Swedish government should discuss an opportunity to make reforms in gambling business, otherwise the country will continue losing profit in this sector.
According to the report Lotteriinspektionen provided us with, illegal betting market in Sweden grew by 57% from 2012 to 2016. According to betting regulator losses due to illegal operators were around 600 million Swedish Crones.
Offshore bookmakers offer more profitable conditions for betting, attracting most of sports betting fans from Sweden. Nowadays lots of gambling facilities offer new clients from Sweden get free money to play casino or poker. A vivid example is 888.com with 888 poker free 88 dollars offer for sign up.
Mybet profit in the first quarter of 2017 dropped by 29 %
Gambling company Mybet Holding SE summed up the results of its work during the first three months of 2017. Revenue of the operator during the above mentioned period decreased by 29% amounting to 8,9 million euros. Over the same period in 2016 MyBet had profit of 12,5 million euros.
The official statement from Mybet Holding SE says that it decommissioned an online casino because of the complaints that have been received from the authorities.
Players, that has made great the number of winning bets at the end of February and early March, had a significant impact on the profit of the company. EBITDA for the first quarter of this year was only 2,2 million euros.
The representatives of the company claimed that they are not too happy with the result, though they weren’t expecting growth anyway.
Sports betting on mobile phones popularity grows in Denmark
Press service of Danish gambling regulator Spillemyndigheden published a financial report for the first quarter of 2017.
According to the data, more than a half of winning in the first three months of the year was from mobile betting, and that confirms the growing popularity of mobile betting in Denmark.
It is reported that total income of sports betting operators for the first quarter was 517,2 million Danish Crones, that is 78 million dollars. 52,2% of this amount was received from mobile apps. Experts forecast continuing popularization of mobile betting in Denmark.
They also report Denmark has drop of slots industry profits in Denmark. This sector of gambling had a decrease of 2,3% for the first three months of the year in comparison with the same period in 2016.