Regulation in UK Provides Data and Benefits

Published January 14, 2016 by Lee R

Regulation in UK Provides Data and Benefits

The merger trend will likely make operators combine forces to meet the diversifying and evolving regulation landscape.

The remote gambling sector in Great Britain is in a period of positive flux.

Impact of GLA 2014

This was initiated by the Gambling Licensing and Advertising Act of 2014, which was introduced in November to requiring licenses from overseas operators offering services to customers in Great Britain and subjecting those operators to ongoing regulation according to a model designed to benefit players, operators, the government, and society at large alike.

New Requirements

The requirements included point of consumption licensing and related taxation which redefined the online gambling regulation model in the modern era, with the full ramifications for the industry at large just beginning to be felt: a wave of consolidation indicates that the pool of operators and suppliers will shrink quantitatively to give rise to super-operators who combine organizational tech specializations to form diverse platforms that are adaptable to many emerging market landscapes while being backed by hundreds of millions if not billions of dollars in corporate value.

New Data Set

Research reveals more accurate figures than ever before, and overseas operators are being included in industry reports for the first time.

The worth of the overall remote gambling sector comes into focus now as well, revealing that as of September 30th, 719 remote gambling activity licences were held by 427 operators. This number rose by 18 from March to September, driven primarily by gambling license issuance, with licences for specific areas of pool betting and bingo also rising.   Current popular casinos with a UK Gambling Commission licence include LeoVegas, SlotsMagic, and Fruity Casa. 

Revenue Takes for 2015

All told, the total gross gambling yield (GGY) for Great Britain remote gambling activities between November 2014 and March 2015 totaled £1.45bn. Remote gambling activities comprised £534.6m of the take, with football of accounting for the largest portion of intake, bringing in £168.4m closely and with horseracing second at £127.8m.

Remote casino betting brought in £834.2m, driven by slots with £532.5m, and followed by table games with £140.3m.

Forecast

These figures will only grow moving forward, and provide valuable comparative data to determine what regulation strategies work for the new consolidated supercompanies on the horizon for 2016.  

Mentioned in this article

See also

Swedish Regulation Reforms Officially in Limbo

Countdown to Portugal's Online Gambling Regulation

EU Calls for Tighter Regulation of Online Gambling

Will Penn, Cali and New York Weigh Regulation Before Year's End?

No US Federal Regulations in Sight for More Online Gambling


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