Greece online gambling revenue falls 40%

[The Buzz]

The COVID-19 shutdown adversely affected online gaming revenue in Greece as the lack of sports to bet on resulted in a 40% fall in revenues during the first five months of 2020.

From European Gaming:

Figures released by the Hellenic Gaming Commission (HGC) show the local online gambling market generated revenue of nearly €150m in the first five months of 2020, a 40% decline from the same period last year.

The year started well with revenue of €49.3m in January, but this slipped to €45m in February. The revenue further slipped to €36.1m in March and then hit the bottom in April with €29.5m before rebounding slightly to €30m in May.

The Stoiximan betting brand was the market leader with a nearly 49% share of the overall pie. Stoiximan started the year off right with revenue of €24.3m in January but this sunk to €14.8m by May.

Read more here: https://europeangaming.eu/portal/lat...onths-of-2020/

[Brand_24]

Revenue drop is in all markets across Europe.

[Pokerface]

No surprise here. Would be interesting to see (for all markets) numbers for casino vs betting. I imagine casino has significant increases while betting shows decreases due to lack of games.

[Brand_24]

In addition to the Casino, the use of Poker has also increased. I speak from my own experience.

[Christiaan]

But people are also saving money these days, they are uncertain about their jobs.

[apenstaart001]

Once the sporting events restart (such is the case in most of Europe), this will come back very fast...

[Cash Bonus]

Not only Greece is affected, but many sporting events from around the world have also suffered because of covid, including the Newgioco Group.