Casino revenue surpasses sports betting revenue in €urope.
The European Gaming and Betting Association (EGBA) published its Annual Activity Report for 2023, which highlights the latest online gambling achievements and data of its members.
The document reveals an 8% decline in combined gross online gaming revenue to €10.7 billion in 2022 and, for the first time, casino revenue surpassed sports betting, accounting for 48% of revenue on-line.
Maarten Haijer, Secretary General of EGBA, maintained that the decline in revenue could be attributed to a combination of factors, such as the impact of the cost of living on customers' gaming habits and a "streak of favorable sports results" for customers.
The last one to leave turns off the light
Gambling authorities in the Czech Republic confirmed the entry into force of the decree banning slot machines in the city of Prague from 2024. International media quoted Martin Šabo, Director of the Gambling Regulation Department of the Czech Republic, who indicated that the Prague authorities began to apply the ban in 2021, but 2024 was determined because the longest license lasted until this year.
It should be noted that slot machines are still legal and accessible in authorized locations outside of Prague. Additionally, online gaming is still available in the city.
