Industry Analysis & Industry Trends
The Gambling and Betting Activities industry has performed well over the past five years despite weak disposable income growth and increases in taxes and regulations. There have been high levels of merger activity over the period and there has been large-scale uptake of retail-based gaming machines and remote gambling. Despite overall growth, industry operators that have been slow in transitioning to a more digital model of business have fallen behind. IBISWorld expects industry revenue to increase at a compound annual rate of 8% over the five years through 2016-17 to reach £10.3 billion.
Industry players operate betting shops, casinos, bingo halls, lotteries and remote gambling services... purchase to read more
Industry Report - Industry Analysis Chapter
Over the past five years, the Gambling and Betting Activities industry has been affected by the modification of gambling taxes and increased efforts from the government to tackle problem gambling. Nevertheless, the industry is expected to expand at a compound annual rate of 8% over the five years through 2016-17 to reach £10.3 billion. Much of this growth is due to a change implemented by the new Gambling (Licensing and Advertising) Act that came into effect in November 2014. This act regulates remote gambling under a point of consumption regime, ensuring that all remote gambling operators offering services to British consumers are subject to consistent regulation. The.. purchase to read more