The period between 2005 and 2007 was a transitional one for the UK gambling industry. This two-year period encompassed events related to the introduction of the Gambling Act, its adoption, and the gradual implementation of all its provisions. To be more precise, it was not before September 2007 that the law came fully into effect.
Among its many tasks, the Gambling Commission was also responsible for monitoring the industry’s financial performance; whether it has been growing or contracting over the years. Following the regulator’s establishment and the complete adoption of the Gambling Act 2005, the body compiled and published its first comprehensive industry financial report for the period April 2008-March 2009.
The National Casino Forum (NCF) has been formed with the overriding aim of promoting a positive agenda for a well regulated, socially responsible and economically sustainable casino industry.
Casino entertainment is an intrinsic part of the mainstream leisure industry, internationally accepted as an adult leisure pursuit.
The NCF is open to operators of casinos and offers associate membership to suppliers, lawyers, accountants and others who work with the casino industry.
IBISWorld’s Gambling & Betting Activities market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.
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 Report – Industry Key Buyers Chapter
IBISWorld estimates that the Gambling and Betting Activities industry has a moderate level of market share concentration. The top four companies are estimated to have a combined market share of 49% in 2016-17. Ladbrokes Coral Group and William Hill dominate high-street bookmaking, but smaller brands still manage to retain a significant number of outlets. Casino chain Grosvenor, owned by Rank Group, is a dominant player in the casino market, but independent casinos still operate profitably too.You can get more information from our website : www.thefreespinsguide.co.uk