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Demark Posts Q1 2019 Report, Reveals Interesting Figures
- June 4, 2019 By Riley Wilson -
Denmark’s gambling regulator Spillemyndigheden has posted the latest results, revealing the country’s regulated gambling market had an interesting first quarter of the year.
The figures say the whole story, with online vertical improving, and land-based recording a drop during this period.
Online Going up
Sports Betting remains the dominant vertical in the Danish market, generating $93.4 million in revenue in Q1, which represents 39% of the entire take. This is a rise of 10.4% when compared to the corresponding period of last year, but is also the lowest total since the opening quarter of 2018.
Mobile apps were by far the most popular betting medium, accounting for 53.3% of the total revenue. Desktop was second-placed, with a share of 27.3%, while land-based channels dropped to 21.9%
Online casino generated $83.9 million in revenue, which is only $150,000 more than in the previous quarter. Online slots accounted for 62-3% of the overall revenue, with roulette and blackjack following with 14.6% and 12% respectively. Desktop stayed the dominant online casino medium with 56.8%, despite a 1% drop.
Gaming machines in arcades and restaurants recorded $52.2 million in revenue, the lowest quarter results ever recorded. At the same time, the combined revenue of the country’s seven land-based casinos dropped by 10.8% to $12.5 million.
A New Program
Spillemyndigheden also revealed that the number of self-excluded players was at 18,100 at the end of the quarter, with 12,415 deciding for a permanent exclusion.
The Danish Gambling Authority has also introduced a whistleblower program, allowing those who work in the gaming industry to report potential violations of the country’s anti-money laundering laws.
Those who wish to report wrongdoing can do that through a contact form available under the Contact menu on the Spillemyndigheden’s official website. Reports are filed anonymously, while the regulator will make an assessment of each report, before deciding whether any further action is needed.
Spillemyndigheden has emphasized the importance that whistle-blowing has in making sure operators abide by the money laundering regulations. According to the regulator, online becomes more and more vulnerable as usage shifts from the traditional land-based channels.
Introducing new measures should keep online safe for new applicants.