Pulse
ROUNDTABLE: PORTUGAL KALAMBA GAMES, ESA GAMING, SPORTINGTECH
Roundtable:
Portugal’s surge: a flash in the pan?
Serviço de Regulação e Inspeção de Jogos (SRIJ), Portugal’s national regulator, has consistently
recorded strengthening figures for online revenue. In 2020's Q4 results, sports betting overtook casino games to become the main source of income for licensed operators, whilst online casino revenue increased over 50 per cent.
Catlin Negoita, Commercial Manager at Kalamba Games, Maria Luisa Malfasi, Business Development Manager at ESA Gaming, and Ivo Doroteia, CEO at Sportingtech, discuss the evolution of Portugal’s online market and whether it has become a bigger market than neighbours Spain.
The Portuguese online market has experienced strong growth in recent months, much to the surprise of various industry analysts. What’s the driving force behind this betting activity increase?
Catlin Negoita: Te Portuguese market has seen healthy development in the last few years. Although sports betting witnessed the highest increase in volume, with revenue amounting to a total of €64.1m in Q4 2020, the casino vertical followed closely, reaching total revenue of €49.1m in the same period. Tis is truly amazing growth compared to the same period in 2019 and if we take a close look at the elements that favoured this success, there are some key factors at play.
Firstly, Covid-19 measures helped accelerate the conversion of land-based players to the
P88 WIRE / PULSE / INSIGHT / REPORTS
The Portuguese market has seen healthy development in the last few years. Although sports betting witnessed the highest increase in volume, with revenue amounting to a total of €64.1m in Q4
2020, the casino vertical followed closely, reaching total revenue of €49.1m in the same period. This is truly amazing growth compared to the same period in 2019.
online environment. Secondly, Portugal shifted its fiscal policies in 2020, removing the higher rates of tax for betting and gaming. Finally, it’s now clear that the market has drawn the attention of top-tier industry players, making it more competitive and attractive.
Ivo Doroteia: I’m not sure it was a surprise, to be honest. I think it was both projected an expected. Ahead of Portugal regulating in 2015, the country had a very vibrant land-based industry, with bingo, lottery and bricks and mortar casinos all enjoying healthy numbers and favourable trading conditions. One game, “raspadinha”, was worth €1,718m in 2019, meaning that the Portuguese spent €4.7m on average per day only on this game.
What online regulation provided was another channel upon which customers could enjoy this form of entertainment and this has seen an impressive growth despite the pandemic.
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