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UK Gambling Worth 5.8 Billion

December 17, 2012 : BRIT GAMBLING BUSINESS NOW WORTH GBP 5.8 BILLION ANNUALLY
 
Latest UK Gambling Commission report covers both land and remote gambling activity
 
The UK Gambling Commission has published industry statistics for the year covering 1 April 2011 to 31 March 2012, comparing the data with that from April 2009 to March 2012.
 
Key findings in this latest edition show:
 
* The British gambling industry generated a gross gambling yield (GGY) of GBP 5.8 billion, a rise of GBP 0.2 billion compared to the previous year.
 
* The non-remote betting sector (betting shops, racecourses etc) represents the largest market with a 52 percent share.
 
* The lotteries sector has seen the largest increase in GGY, up 36 percent to GBP 227.8 million.
 
* Most British consumer remote gambling activity is on overseas regulated sites with a GGY estimated at GBP 20.1 billion.
 
* The non-remote casino sector has the second largest chunk of the market at 15 percent, with the UK-regulated portion of the remote gaming market claiming 12 percent. However, the Commission notes that most British consumer remote gambling activity is on regulated overseas sites.
 
* The lotteries sector has seen the largest increase in GGY from GBP 168.8 million in 2010/11 to GBP 227.3 million 2011/12, an increase of 36 percent.
 
H2 Gambling Capital estimates that global remote gambling GGY (excluding telephone betting) was GBP 20.1 billion during 2011, which represents 10 percent growth on the previous year.
 
UK consumer GGY (includes GGY generated with operators regulated overseas), which includes telephone betting, is estimated to have grown 5 percent between 2010 and 2011 to reach GBP 2 billion. Remote gambling GGY licenced in Great Britain accounts for 4 percent of the global remote GGY.
 
The overall turnover figures for the UK remote sector increased by 13 percent between 2010/11 and 2011/12. The remote casino sector has experienced the greatest increase during this period, growing from GBP 333.05 million in 2010/11 to GBP 487.91 million in 2011/12, an increase of 46 percent.
 
However, the Commission notes that despite this increase the Gambling Commission-regulated remote casino sector continues to make up only a very small proportion of the global market with just 26 remote casino operators, and that the casino market it regulates has not yet returned to the size it was in 2009/10... prior to larger operators moving offshore in search of more tax-friendly jurisdictions.
 
Gambling prevalence survey results show that in the year to March 2012, 58.1 percent of respondents said they had participated in at least one form of gambling in the previous four weeks. This figure compares with 56.2 percent in the year to March 2011, and 54.7 percent in the year to March 2010.
 
As in previous studies, the most popular gambling activity was National Lottery tickets (48 percent of respondents), followed by National Lottery scratchcards (13 percent) and tickets for society or other good cause lotteries (10.6 percent).
 
For remote gambling, 12.2 percent of respondents said they had participated in at least one form of remote gambling in the previous four weeks. Around half of these had participated only in National Lottery products.
 
This figure compares with 11.2 percent in the year to March 2011, and 10.7 percent in the year to March 2010, maintaining a low level of increase in activity.
 
The researchers point out that the increase is a consequence of increased online participation in the National Lottery. If those only playing National Lottery products remotely are excluded, only 5.6 percent of respondents had participated in remote gambling in the year to September 2011, compared with 5.9 percent in the year to March 2011 and 5.7 percent in the year to March 2010.
 
The full report can be viewed at:
 
http://www.gamblingcommission.gov.uk/gh-about_us/annual_report_and_accounts.aspx

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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