UK Betting and Gaming Industry growth expected to continue with introduction of Relaxed Rules.
In 2002, net expenditure — that is gross stakes less winnings — on betting and gaming in the UK had increased by more than 8% on 2001, having been fairly static since 1998.The Betting and Gaming Market report analyses these current issues in the industry and provides future forecasts. [eMediaWire Nov 26, 2003]
In 2002, net expenditure — that is gross stakes less winnings — on betting and gaming in the UK had increased by more than 8% on 2001, having been fairly static since 1998.The Betting and Gaming Market report analyses these current issues in the industry and provides future forecasts.
(PRWEB) November 24 2003--Research and Markets announces the addition of the 2003 Betting & Gaming Market Report to its offerings.
In 2002, net expenditure — that is gross stakes less winnings — on betting and gaming in the UK had increased by more than 8% on 2001, having been fairly static since 1998. Gross stakes paid over to bookmakers, meanwhile, rose particularly sharply in response to a change in the tax system favouring punters that came into force at the end of 2001. The bookmaking sector also benefited from the introduction of lucrative fixed odds betting machines, although their legality in betting shops is to be questioned in the High Court in 2004. Stakes paid into the casino and licensed bingo sectors also increased in the year ending 31st March 2003 compared with 2002. The UK betting and gaming industry is currently regulated by some of the strictest gambling legislation in the world, now considered archaic in these more liberal days, especially given the growth in remote gambling — whether via the Internet, mobile phone or interactive digital television. The industry has therefore greeted with some enthusiasm the proposed deregulatory measures outlined in the Budd Report of July 2001 and largely endorsed by the Government. A Gambling Review was originally intended to be included in the Queen's Speech in autumn 2003 followed by a Royal Assent in the last quarter of 2004. However, the UK Sports Minister Richard Caborn's warning, in June 2003, that it would be delayed for up to 12 months because of legislative congestion in Parliament, will have been a source of disappointment to the industry which was eagerly waiting to benefit from relaxed rules on betting and gaming.
The future looks good for the industry, although it remains to be seen whether the public in general either need or want increased opportunities to gamble. There is every chance that deregulation may result in a social backlash, such as that seen in Australia, whose population now lose more per capita than any other country in the world.
The Betting and Gaming Market report analyses these current issues in the industry and provides future forecasts. This report begins wuth a definition of the betting and gaming market in the United kingdom and also provides an Industry Background. Important market information such as size, main competitors and an Industry SWOT analysis are also included. The In depth Company profiles found in this report provide detail on the Company Structure,financial results and the current and future developments of the main competitors in this market.
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