REVENUE AND TAX PAID IN 2018 / 2019 PER CATEGORY CATEGORY
2018
LANDBASED Casino slots GGR Tax
Casino tables Tax
Poker cash games GGR Tax
Poker tournaments GGR Tax
Total bets
ONLINE Online casino games GGR Tax
Total bets
Sports betting GGR Tax
Total bets
Poker tournaments GGR Tax
Total bets
Poker cash games GGR Tax
In October 2018, Odyssey Europe completed its takeover of OEG, before announcing that the two companies would be merged into a single entity, appointing Corey Plummer as CEO.
Paul Mettam, Group Marketing and VP Director said: ”Our land-based market in Estonia is very stable with year on year growth for the last five consecutive years. Our operation in Estonia benefits from a well established and stable regulation and taxation.”
Novoloto OÜ was founded in 1996 and operates in Estonia under the brand Fenikss Casino. Novoloto is part of the Novomatic AG Group. Last year Urve Palo, the former Estonia minister of population and ethnic affairs became the new executive director of Novoloto.
Te first casino opened in 1993 in Hotel Tallinn under the brand Play-In Casino, whilst the most recent Fenikss Casino opened in June 2017 in Lasnamäme Shopping Centre. Last year Novoloto also purchased Grand Prix Casino resulting in the acquisition of seven casinos. Grand Prix Casinos was run by IMG Kasiinod AS and opened its first casinos back in 1989. It currently operates the GrandX Online Casinos set up in 2011 and licensed in Greece and Estonia.
Novoloto currently operates a total of 550 slots and 75 electronic roulettes in 21 gambling halls in Estonia with another due to open in March/April 2020.
€53.3m €13.1m
€1.70m
€609,891 €30,494
€478,509 €23,925 €4.8m
€31.2m €1.55m
€944.9m €16.6m
€834,238 €358m
€3.77m
€187,540 €12.7m
€3.20m €160,032
2019
€52.4m €12.5m
€1.64m
€672,889 €33,644
€719,005 €35,950 €10.9m
€60.2m €3m
€1.64bn €21.9m
€1.09m €470m
€3.64m
€182,379 €13.9m
€3.03m €151,623
Of the total people (aged between 21 and 74 years) over the past two years, the machines in the casino have
been played by four per cent (36,665 people in total). Although the number of gambling players is higher
than in previous studies the frequency of game play among players has fallen by four per cent.
A Novoloto spokesperson said: “Te Estonian economy continues to grow at a rate of two to three per cent per year. Last year’s growth was 3.4 per cent. Economic growth is slowing as export markets are weaker than before and the lack of workforce is still a problem in Estonia.
“However despite the slower economic growth, wage increases continue and it can be concluded that the overall consumption of people is not reduced. Of the total people (aged between 21 and 74 years) over the past two years, the gambling machines in the casino have been played by four per cent (36,665 people in total). Although the number of gambling players is higher than in previous studies, the frequency of game play among players has fallen by four per cent.”
Best4U operates the City Casino brand and began its activities in Estonia back in 2001 by opening Bally’s Casino. It was a chain of gaming halls belonging to Ritzio Entertainment Group
called City Casinos. Today, City Casino has five gaming halls, four of which are in Tallinn - Mustamäe City Casino, Coca-Cola Plaza City Casino, Mustakivi City Casino, Marja City Casino and Parnu City Casino
Finally, Pafer As (PAF) holds an online gambling licence and a licence for gambling onboard casinos with five shipboard casinos in Estonia. Tere are three small onboard casinos with six gaming tables in total and there are a total of 165 slots across the five casinos.
In January, Estonia saw its biggest ever jackpot winner with €3.6m on the slots. A young Estonian lady won on the Hall of Gods via
Paf.com, winning with only a 20c stake.
PAF operates slots and table games on a total 33 cruise ships in the Baltic and North Sea. It has ongoing partnerships with Viking Line, Tallink Grupp, Eckero Group, Finnlines and Moby St Peterline and since 2017 Norway’s Color Line.
NEWSWIRE / INTERACTIVE / MARKET DATA P67
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