2018 Q1 Ranking: Important Industry Statistics Overview
The Online Gambling Quarterly (OGQ) has published the leading statistics of the online gambling industry for the first quarter of 2018 in a ranking. The internet gambling sector continues to thrive, with Global Gaming and The Stars Group experiencing significant growth since 2017.
Financial analysts at the German-British trade magazine Online Gambling Quarterly have assessed the crucial sales figures of the German online gambling industry for Q1 2018 and compared them to the previous year's figures. The OGQ analysts use these figures, including those from the largest gambling providers, game developers, and affiliate companies, to determine the "revenue growth benchmarks." This involves comparing net revenues and calculating mean and median values for the entire industry.
The revenue growth benchmarks reveal that the internet boom is unstoppable, as the "year over year" growth in the first quarter of 2018 averages 22% compared to Q1 2017. The average growth is 18%.
Individual company rankings show that Paddy Power Betfair, Ahworld, and Bet-at-Home had declines of 2%, 7%, and 11%, respectively. On the other hand, Catena Media, Zeal, and LeoVegas registered massive growth of 57%, 65%, and 75% respectively.
The Maltese affiliate giant Catena Media, the British lottery company Zeal (formerly Tipp24), and the Swedish online casino LeoVegas hold second, third, and fourth place, respectively.
The Malta-licensed, Swedish Global Gaming Group (GGG) leads with an outrageous growth of 266%. This success is attributed to the GGG brand Ninja Casino, which generated 71% of its total sales.
The Toronto-based, stock market-listed group The Stars Group (TSG), which owns Pokerstars and Full Tilt, shows a surprising 24% increase in YoY results. However, they trail behind Swedish Cherry AB, which has a sales increase of "only" 18% but leads the lower midfield.
Online Betting's Special Sector
The high growth rates in the YoY comparison can be attributed to various acquisitions made within the past year before the analysis, often resulting in better performance in the following quarters. This is especially apparent in the online betting provider ranking:
The Stars Group, following the acquisition of the British sports betting provider SkyBet in April last year, has integrated a significant player into the British betting market. The result? An incredible 298% increase in online betting revenue compared to Q1 2017, making them undisputed number one in the OGQ analysis. Furthermore, the betting sector was also boosted by the World Cup 2018 and the recent sports betting legalization in the billion-dollar US market.
Knowing they're in a league of their own, the Canadians are leaving their competition far behind. Kindred Group, the Swedish online betting provider, struggles to keep up with a 43% increase, while the online business of the British traditional bookmaker William Hill only saw a 17% increase.
Lotto24 Takes Pole Position in QoQ
To present the most recent developments in the online sector without the influence of seasonal fluctuations or the impact of acquisitions, the OGQ financiers have also made a comparison between Q4 2017 and Q1 2018.
With a 32% increase, Lotto24 claims the highest growth rate in this regard. The online lottery turnover for the Hamburg company reached €650 million in 2016, representing approximately 9% of the total turnover of the German lottery industry.
Global Gaming Group settles in the middle field with a 14% growth rate in QoQ but trails behind the Stockholm online casino Mr. Green (a 14% increase) in QoQ and Catena Media (a 19% increase), which holds second place. The Stars Group makes the upper middle field with a 9% growth rate.
In comparison to Q4 2017, the overall sales of the industry have grown by an average of 2%, but this is far from a disappointment.
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