Thursday, May 31, 2018

UK Gambling Industry GGY Increases According to UKGC Report

Casino News Daily
UK Gambling Industry GGY Increases According to UKGC Report

Today, the UK Gambling Commission (UKGC) published its latest six-month update to the local gambling industry statistics. The main regulatory body in the UK revealed some details about the market changes and latest trends in the sector, as well as about players’ activity in the period from October 2016 to November 2017.

Such statistics about the performance, customer participation and trends in the sector are published twice a year, in May and then in November. The information released by the Commission is aimed at providing the latest data about the industry, including both land-based and online gambling services offered to UK customers.

The information rolled out by the major regulator in the country has been provided by the companies which run their services under an operation licenses issues by the UKGC.

Remote Gambling Sector on the Rise

According to the Commission, the UK gambling industry generated an overall gross gambling yield of £13.9 billion in the above-mentioned 12-month period. The figures represent a 0.7% increase in comparison to the result posted for the period between April 2016 to March 2017.

The main gambling regulatory body of the UK further revealed that the market share of the country’s remote gambling sector rose by 1% in the twelve months from October 2016 to November 2017 compared to the previous period. In addition, the online gambling industry saw a 3.7% increase in its overall gross gambling yield, reaching £4.9 billion at the time.

As far as the land-based gambling sector in the country is concerned, the UK Gambling Commission reported that the total number of betting shops on the territory of the UK amounted to 8,532. According to the data provided, the figure represented a 3.2% decline from the number of betting outlets in March 2017. There was also a 0.7% drop in the overall number of gaming machines in the UK to 183,928, with the ones requiring a local authority license only being excluded from that number.

A slight 2% increase from March 2017 in the number of bingo premises in the UK was registered. As revealed by the UKGC report, there were 649 bingo halls in the country. As far as casino premises are concerned, two new casinos have started operation since March 2017, with the overall number of casinos in the country rising to 152. In addition, a 3.5% decline was registered in the number of licensed arcades in the country from March 2017, with their number reaching 1,810.

A total of 106,366 people worked in the UK gambling sector in September 2017, with a 0.8% drop registered from March 2017.

Apart from the results of the land-based and online gambling sector, the UK Gambling Commission also provided some details about the contributions to good causes generated by large society lotteries. The regulatory body explained that there was a slight 1.7% drop to £251 million in comparison to the result posted between April 2016 and March 2017.

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