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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.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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