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Spanish and Portuguese gambling industry in focus at EGC Milan 2019 experts from Grupo R. FRANCO and Rato, Ling, Lei & Cortés Law Firm
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Major gambling industry markets such as Spain and Portugal to be analyzed by leading experts at EGC Milan 2019!
News about the gambling industry in Spain and Portugal has been trending on all gaming media outlets and in the past 4 years, the industry has been booming in these two jurisdictions.
A study, conducted by The Portuguese Association of Gambling and Online Games (APAJO), has revealed that there are between 400 and 600 thousand individual bettors online in Portugal, which represents between 4.6% and 6.9 % of the adult population in the country.
The study titled “Online Gambling in Portugal – The Best Bet for the National Regulatory System” prepared at the request of APAJO by Winning Scientific Management has shown that the Portuguese market had grown in a balanced way and in line with the European markets analyzed. It cautions, however, that licensed operators need more protection at the level of unlicensed game combat mechanisms and the information provided on the sector would be more detailed and comprehensive.
Online gambling has only been available in the country for a few years, but it has quickly grown to become very popular.
The statistics from the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal have revealed that the country’s online gambling market enjoyed its best-ever quarterly performance at the start of this year, generating revenues of more than €47 million in the three-month period which ended on March 31st.
The online gambling market appears to be thriving in Europe at the moment and these new figures concerning Portugal only seem to reinforce that fact. Revenues in the country have seen a significant jump in the past 12 months and all eyes will be on whether it can ultimately keep up this pace in the months and years ahead. It is undoubtedly an intriguing time for the industry and it will be interesting to see just what comes next.
More than half of the revenue was specifically generated by betting, with football accounting for almost 75 percent of online wagering. This put the sport well ahead of its nearest rivals including basketball and tennis. In terms of gaming, revenues were up to €22.6 million with gaming machines – or slots – accounting for more than 63 percent of that. Trailing behind were other games such as online roulette and blackjack.
The gambling industry in Spain is also an increasingly attractive market for operators and suppliers alike; with bright forecasts for the market’s future following its regulation in 2012.
Spain’s current expansion is unprecedented and records show a 20.10% increase in terms of GGR, mostly due to the ever-growing popularity of sports betting online, which is currently above 25% in GGR.
Of course, there’s an increase in new customers, but we’re also seeing an exponential trend of players becoming ambassadors for the transition to online, which is, in turn, the catalyst for a very interesting multiplier effect within their own social circles, with more of their friends signing up to the digital world as a consequence. This is definitely indicative of the new generation of players getting involved in iGaming – and represents fantastic potential beyond the traditional bastion of sports betting.
Read: Spain: A new bull market? Exclusive interview with Ruben Loeches, CMO at R. Franco Group
At European Gaming Congress (EGC) we are bringing together key industry experts from Spain and Portugal in order to have a quality discussion about what operators need to know when entering the market or if they are already active in the region, what they should do in order to improve their presence.
The discussion will take place in Milan on the 8th of November at Radisson Blu Hotel Milan.
You can register here or view the agenda here!
The Spanish and Portuguese gambling industry will be discussed during the “Highlights from South West Europe” compliance panel discussion which is moderated by Andrius Gabnys (Attorney At Law – Gabnys Law Firm)
The Spanish gambling industry update will be presented from two angles by leading local experts Javier Sacristán (Digital & Operations Director at Grupo R. FRANCO) and the already announced Willem van Oort (Founder of Gaming in Holland / Gaming in Spain)
The Portuguese gambling industry update will be presented by Óscar Madureira (Senior Associate at Rato, Ling, Lei & Cortés).
Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in Europe via the EGC platform every year.
About Andrius Gabnys – Attorney At Law – Gabnys Law Firm (panel moderator)
Andrius Gabnys is an attorney-at-law and a managing partner at Gabnys Law Firm, a legal boutique based in Vilnius, Lithuania, and Tallinn, Estonia. The Firm specializes in entertainment (gambling, media, arts) and technology (IT, cybersecurity) legal aspects. Andrius Gabnys has been working in the online gambling sector for over 10 years and focuses on the multijurisdictional licensing, IP and related matters. He has extensive experience dealing with the gambling authorities in Europe, CIS countries, Africa and South America.
About Óscar Madureira – Senior Associate at Rato, Ling, Lei & Cortés
Óscar is a Senior Associate at Rato, Ling, Lei & Cortés in charge of the Portuguese office, and is a member of the Macau Lawyers Association, the Portuguese Bar Association and the Hong Kong Institute of Arbitrators (HKIA).
Before joining the firm, he was a Senior Legal Counsel for Melco Resorts and other law firms in Macau. He was also a Legal Consultant for Porto City Hall, for the Portuguese National Traffic and Transportation Department and for the Honorary Consulate of the Republic of Guinea-Bissau in Portugal.
He is a member of the Scientific Council of the Rui Cunha Foundation, a lecturer and consultant at the Centre for Reflection, Study and Dissemination of Macau SAR Law (CRED-MD) and a guest lecturer at the University of Saint Joseph, Macau.
About Javier Sacristán – Digital & Operations Director at Grupo R. FRANCO
Javier Sacristán has a bachelor’s degree in Business Administration and Management from the University of Southern California. Throughout his career he has held different key positions in the start-up arena and in consolidated gaming companies, contributing his digital expertise. At present, he is Digital & Operations Director at R. Franco Group.
For more details browse the official event website here: www.europeangamingcongress.com
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spanish and Portuguese gambling industry in focus at EGC Milan 2019 experts from Grupo R. FRANCO and Rato, Ling, Lei & Cortés Law Firm
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TEAM VITALITY AND SKIN.CLUB SUPPORT THE SECOND EDITION OF THE ELITE FE TOURNAMENT ON CS2
Team Vitality is proud to announce its support for the second edition of the Elite FE tournament, organised by streamer and Elite FE founder, Minaleyy.
The women’s Counter-Strike 2 (CS2) event, is organised in collaboration with Skin.Club, and brings together the world’s top players to participate in tournaments for a €1000 cash prize.
With only 6% of women in professional esports, the Elite FE tournament aims to promote female talent within the CS2 scene and strengthen their visibility. This initiative is part of an overall effort to encourage more diversity and inclusion in the esports industry.
A SPRINGBOARD FOR WOMEN’S CS2 TEAMS
The Elite FE tournament will bring together 16 international women’s teams, including 4 selected by Minaleyy in collaboration with Team Vitality and Skin.Club, to compete on the FACEIT platform. In each tournament, the winning team will be awarded €1000 as well as various prizes, including Team Vitality merchandising and gaming equipment.
From 23rd February, the entire tournament will be broadcast live on Twitch and hosted by Minaleyy, who will be accompanied by various casters. Debriefs, game analysis, and engaging video content will be produced to contribute to the visibility of the participating teams and encourage conversations on social media.
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This tournament represents a competitive, positive and inclusive vision for diversity in esports. By regularly hosting events, Elite FE aims to become an essential platform for CS2 players, while actively showcasing emerging talent.
TEAM VITALITY CONTINUES ITS COMMITMENT TO WOMEN’S ESPORTS
By supporting the Elite FE tournament, organised by Minaleyy, Team Vitality reaffirms its strong commitment to developing women’s esports. The competition provides semi-pro and amateur players with a unique platform to enhance their skills, increase their visibility and integrate into a scene moving towards greater diversity.
This initiative builds on Team Vitality’s ongoing efforts to promote inclusivity in esports, which to date has included the creation of its women’s League of Legends team, the Rising Bees, and its women’s Mobile Legends: Bang Bang team. These initiatives reflect the club’s commitment to actively supporting the emergence of leaders both in the competitive field and at a community level. Team Vitality and Minaleyy are also thrilled to welcome Skin.Club to the project, ensuring the best conditions for the project’s success and maximising visibility for players within the CS2 ecosystem.
The post TEAM VITALITY AND SKIN.CLUB SUPPORT THE SECOND EDITION OF THE ELITE FE TOURNAMENT ON CS2 appeared first on European Gaming Industry News.
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For more information on ESL FACEIT Group, visit eslfaceitgroup.com and follow EFG on LinkedIn.
The post ESL FACEIT Group Names Acer Official OEM Partner appeared first on European Gaming Industry News.
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Russell Crowley, co-founder at Principle Networks, said: “A secure and reliable network infrastructure is central to delivering the best possible customer experience, whether online or in a club. As the UK’s biggest bingo operator, Buzz Bingo is continually looking for innovative ways to enhance its offering, and we’re very proud to have been chosen as its IT partner for the next five years.”
The post Full House – UK’s biggest bingo operator to undergo wireless network transformation across UK bingo venues appeared first on European Gaming Industry News.
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