France’s online betting volumes continued to grow impressively in 2015 but the country’s igaming market is still precarious, year-end figures from the country’s regulator ARJEL reveal.
The figures show that online betting revenues from regulated operators did not slow down in 2015, despite no major football tournament such as the 2014 World Cup taking place.
Betting stakes rose 30% during 2015, reaching €1.44bn, while stakes placed in the fourth quarter of the year beat all previous records and reached €452m, the highest volume since the market regulated in 2010.
The rise in betting volumes is a result of an 8% rise in the number of weekly active punters to 200,000 and an increase of 1.8 points in the pay out ratio to 81.3%, which led to French punters betting more.
Gross profits were up 19% for betting operators to €270m on 2014’s figure of €227m. However, with operators’ taxes based on stakes the level of taxation works out at 46% of gross profits and net profits for online betting, the actual amount operators are left with and from which they pay their running costs, rose just 6% in 2015.
French-licensed betting operators recorded losses of €11m in 2014 and it is highly likely that they will continue to be loss-making in 2015.
In terms of market share, new entrant Winamax, which diversified by launching a betting site in May 2014 and Unibet have been highly aggressive in going after French players.
Stakes for horse racing pari mutuel were down 2% to €1bn, their lowest level since 2010, while online poker cash game stakes saw a further drop of 14% to €3.7bn although entry fees for tournaments rose 14% to €1.7bn.
Showing posts with label Winamax. Show all posts
Showing posts with label Winamax. Show all posts
January 21, 2016
October 23, 2014
Playtech has record Q3
Online gambling technology provider Playtech says its third quarter was a record breaker, putting the company on track to exceed current market expectations for full-year results. The company issued a Q3 trading update on Wednesday, showing a 28.6% year-on-year rise in revenue to €116.5m. The good times have continued into the first three weeks of Q4, with average daily revenue up 22% over the same period last year and up 2% sequentially.
Playtech’s mainstay casino vertical continued to earn the lion’s share of company revenue, rising 33% to €62.4m, while services revenue rose 19.3% to €34m. In fact, every vertical besides ‘other’ was in positive territory, but ‘other’ at least had the decency to remain flat at €1.6m. Sports betting posted the most dramatic gain, rising nearly 109% to €7.1m, thanks in part to the launch of an online sportbook for Italian media outlet Gazzetta dello Sport. Bingo rose 9.5% to €4.6m, land-based gambling rose 20.7% to €3.5m and even poker managed to improve 3.1% to €3.3m (although this was down 8.3% sequentially).
Playtech’s eastward shift continued in Q3, with Asia’s share of company revenue rising two points to 36% from Q2, while Europe and the rest of the world shed a point apiece to 56% and 8% respectively.
Playtech CEO Mor Weizer touted the number of deals the company inked in the quarter as evidence that the party is only getting started. Weizer noted that three licensees had shifted their UK-facing business to Playtech’s white label structure, “demonstrating the financial and operational benefits that can be achieved by using our turnkey offering.”
Weizer said Playtech would have big news sometime in H1 2015 regarding a major acquisition that would take the company “to the next level”. Weizer suggested the financial pressures about to be brought on UK-facing operators by regulatory changes would “put them in the right position to do a deal.” Playtech has been sitting on a massive cash pile for over a year after its former William Hill Online joint venture partner cut a check to acquire Playtech’s stake.
In even more good news, Playtech has triumphed in a French court case in which it had been accused of thieving the intellectual property of French online poker market leader Winamax. In August, Winamax had sued Playtech and several of its licensees over Playtech’s Twister sit n’ go game format, which Winamax believed infringed on its own Expresso three-handed ‘hyper-turbo’ lottery-style poker product. But earlier this month, the court rejected this argument, saying Expresso was “neither innovative nor original” and ordered Winamax to pay Playtech, Betclic Everest and Unibet €3k apiece.
Playtech’s mainstay casino vertical continued to earn the lion’s share of company revenue, rising 33% to €62.4m, while services revenue rose 19.3% to €34m. In fact, every vertical besides ‘other’ was in positive territory, but ‘other’ at least had the decency to remain flat at €1.6m. Sports betting posted the most dramatic gain, rising nearly 109% to €7.1m, thanks in part to the launch of an online sportbook for Italian media outlet Gazzetta dello Sport. Bingo rose 9.5% to €4.6m, land-based gambling rose 20.7% to €3.5m and even poker managed to improve 3.1% to €3.3m (although this was down 8.3% sequentially).
Playtech’s eastward shift continued in Q3, with Asia’s share of company revenue rising two points to 36% from Q2, while Europe and the rest of the world shed a point apiece to 56% and 8% respectively.
Playtech CEO Mor Weizer touted the number of deals the company inked in the quarter as evidence that the party is only getting started. Weizer noted that three licensees had shifted their UK-facing business to Playtech’s white label structure, “demonstrating the financial and operational benefits that can be achieved by using our turnkey offering.”
Weizer said Playtech would have big news sometime in H1 2015 regarding a major acquisition that would take the company “to the next level”. Weizer suggested the financial pressures about to be brought on UK-facing operators by regulatory changes would “put them in the right position to do a deal.” Playtech has been sitting on a massive cash pile for over a year after its former William Hill Online joint venture partner cut a check to acquire Playtech’s stake.
In even more good news, Playtech has triumphed in a French court case in which it had been accused of thieving the intellectual property of French online poker market leader Winamax. In August, Winamax had sued Playtech and several of its licensees over Playtech’s Twister sit n’ go game format, which Winamax believed infringed on its own Expresso three-handed ‘hyper-turbo’ lottery-style poker product. But earlier this month, the court rejected this argument, saying Expresso was “neither innovative nor original” and ordered Winamax to pay Playtech, Betclic Everest and Unibet €3k apiece.
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