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Uk Online Gambling Market Going Strog
Friday May 10, 2013 : ONLINE GAMBLING ON A ROLL
Investment publication says GBP 2 billion market in the UK is showing no signs of slowing
Online gambling in the UK is a huge growth industry, the publication MoneyWeek reported Friday, pointing to estimates that growth has been at around or over 20 percent per year for the last decade, and the UK market was worth over GBP 2 billion in 2012...80 percent ahead of just four years ago.
MoneyWeek attributes easy and improved internet access as a primary factor in that growth, observing that it is hard to think of an industry that has benefited more from the instant availability of digital information, from the ability to communicate with people all around the world to sending money at the touch of a button.
"Gambling always used to require premises – the betting shop, the bingo hall, the casino. No more. Now the roulette table comes to your TV screen, your poker opponents are waiting online and sporting odds are flashed to your mobile device," MoneyWeek's Tom Bulford remarks.
Entrepreneurs have been quick to see the possibilities, building successful businesses in different internet gambling sectors such as sports betting, where in-play action has become immensely popular; online casinos where the excitement of the land casino is delivered to PC and mobile devices in both live dealer and RNG formats; bingo and poker, where big money tournaments and cash games have become the norm.
MoneyWeek opines that the availability and wide choice of games have attracted new users. The fastest growing category has been women.
"For men, however the motivation is slightly different," the publication notes. "Young men are particularly prone to gambling and go for casino games and skills-demanding games that are traditionally associated with the male identity."
Whatever the motivation, online gambling is growing fast and showing no signs of stopping.
MoneyWeek does not delve into the forthcoming UK tax changes, which will see operators wishing to access the British punter having to acquire UK licensing and pay an as yet undefined UK tax.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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