1st Quarterly Report 2022
17/06/2022

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Quarter Summary

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The GGR for the quarter was € 204.43 million, a growth of 16.25% quarter over quarter and a decrease of -14.83% year over year.

Regarding the rest of the main figures, deposits and withdrawals of the players, their variation rates rise in relation to the previous quarter, 7.14% and 2.29% respectively. Marketing expenditure increases 15.52% quarter over quarter and new accounts experiences a decrease with respect to the previous quarter, -12.81%. Details are shown in Table 1.

In the analysis of the GGR by game segments, it is observed that:

The € 204.43 million of GGR are distributed among € 65.16 million in Betting (31.87%); € 3.60 million in Bingo (1.76%); € 110.97 million in Casino (58.28%); € 0.26 million in Contests (0.13%) and € 24.45 million in Poker (11.96%).

The betting segment has a variation rate of 49.07% quarter over quarter and -40.89% year over year. There is a rise with respect to the previous quarter; pre-match, 100.52%; in-played sportsbook, 24.10%. Other bettings have increased 397.6% this quarter.

Bingo has experienced a decline of -12.26% quarter over quarter and -0.17% year over year.

In the casino segment, there has been a rise of 3.26% quarter over quarter and an annual variation rate of 11.52%. Slots is the game with the highest increasing rate, 18.22% and conventional roulette has decreased -5.15% year over year. Their variation rates were -1.72% and 2.51% quarter over quarter, respectively. On the other hand, life roulette has increased 15.31% quarter over quarter and has increased 9.75% year over year.

Contests experienced a growth of 452.4% quarter over quarter and a fall of -85.15% year over year. This segment continues an irregular behaviour with annual variation rates in the first quarter of 368.97% in 2019; 99.50% in 2020; -7.59% in 2021.

Poker presents a rise of 19.04% quarter over quarter and a decrease of -2.00% year over year. Poker tournament had a variation rate of 26.75% quarter over quarter and –9.53% year over year. Poker cash has increased 5.56% compared to the previous quarter and 18.79% compared to the same quarter of the previous year.

As a summary, the percentage distribution of the GGR for the different segments in this quarter of the period from 2019 to 2022 is shown in Table 2.

Marketing expenses has been € 107.88 million in the last quarter. It may be broken down into € 22.72 million affiliation expenses; € 0.63 million sponsorship; promotions € 50.11; and advertising € 34.42 million. Compared to the previous quarter, marketing expenses increase by 15.52% and decreased by -27.67% in annual variation. Advertising expenses experienced a decline of -2.92% quarter over quarter and -51.81% year over year. Sponsorship has dropped -49.93 quarter over quarter and -93.25% year over year. Affiliates and promotions expenses have increased quarter over quarter 130.92% and 6.99%. Promotions are broken down into cost of bonus included in prizes, € 22.45 million and cost of bonus not included in prizes, € 27.66 million.

The monthly average of active game accounts is 1,020,886; which implies an increase of 5.81% quarter over quarter and a decrease of -8.91% year over year. The monthly average of the new game accounts is 186,234; with a reduction of -12.81% quarter over quarter and a decline of -55.92% year over year.

For this quarter, there are 78 licensed operators and the number of active operators by segment is:

  • Betting: 44
  • Bingo: 3
  • Casino: 54
  • Contests: 2
  • Poker: 9

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