Blog Posted on 09/11/2018 | Author: Karen Macarthur
iGaming Industry Reaching Heights, Reports UKGC
At present, the UK has been targeted by different iGaming operators, due to its being considered one of the best online gambling markets on the globe. The competition in the iGaming sector is particularly fierce, as operators do their damnedest to outdo each other, gain more clientele and capture the biggest market share possible. According to statistics in UK casino news recently released by the United Kingdom Gambling Commission (UKGC), the online gambling industry, as well as its traditional casino counterparts appear to be doing quite well for themselves. As well, this growth looks set to continue for months if not years.
In the UKGC report regarding the UK casino news, the total gross gambling yield (GGY) from October 2016 to September 2017 stands at ₤13.9 billion. This shows a 0.7% increase when viewed in comparison with the period starting in April 2016 and ending on March 2017.
According to the aforementioned report featuring UK casino news, the iGaming industry scooped up revenues of ₤4.9 billion from October 16 to September 17 2017, which was a 35% portion of the total GGY. A strong reason for the impressive performance of the gambling sector in the period under review has to do with the exploits of the dynamic iGaming industry.
UK players have a predilection for online casino games and UK casinos have speedily taken advantage of this by offering a wide array of games for players to overdose on. Such casino games include hundreds upon hundreds of online slot games, as well as table/casino games like baccarat, roulette, blackjack, poker and the like.
Live casino games are also getting established in the UK. These make it possible for UK players to play with a live dealer and other players in a simulacrum of an actual casino.
The UK Gambling Industry Moves Upwards!
The boom in the UK gambling sector according to the UK casino news does not only affect the iGaming industry. Instead, betting shops and brick-and-mortar casinos are also reporting increased growth and profitability.
Currently, the number of slot machines in the UK is reported to be more than 180,000. There are also roughly 8,532 betting shops, 152 brick-and-mortar casinos and 649 bingo parlours.
Additionally, the UK gambling industry provides gainful employment to over 100,000 individuals, with this expected to increase shortly. While such growth has lots of positives, a negative is a concomitant rise in problem gambling. To help combat this, according to UK casino news the UK will play host along with Ireland to the very first combined “Responsible Gambling Week” from Nov 1 to Nov 7.
Online Casinos like Vegas Mobile Casino are Bound To Benefit!
Vegas Mobile Casino has an extensive collection of the most popular slots and casino games. Looking at statistics in UK casino news, the future of popular casinos like Vegas Mobile Casino looks bright as ever!