Codere report suggests growing millennial clientele for casinos

The University of Carlos III Madrid (UC3M) and the Codere Foundation have presented their Annual Report on Gambling in Spain.

The report states that casinos made up 6.8 percent of Spanish market – the statistics covering players aged between 18 and 75 – in 2016, or around 2.3 million people. Bingo also showed a slight growth, reaching 9 percent, compared to 8.2 percent in 2015.
Meanwhile, casinos and bingo halls were found to be attracting a younger clientele who were visiting casinos as an alternative entertainment option.
Gaming was on the rise in particular in Madrid, Valencia and Murcia, due to the increased number of gaming venues located in those locations over the last two years and in 2016, 5.4 percent of the population aged between 18 and 75 years visited a gambling parlour at some point.
Taking place for the eighth consecutive year, the study – carried out in collaboration with the UC3M’s Institute for Policy and Governance (IPOLGOB) – is based on two surveys made between January and February 2017.
As part of his presentation, UC3M’s José Antonio Gómez Yáñez,, explained that the study reflects that the gambling market is a “very elastic” economic sector, which retracts “quickly” in times of economic crisis, and “takes time” to recover.