Retail recovery offsets lower online gambling yield in Great Britain

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focusgn.com

UK: DCMS expects spin limit to reduce online slots revenue by 5.2%

The UK government will introduce maximum stake limits in September. UK.- The UK government Department for Culture, Media & Sport (DCMS) has revealed that maximum stake limits to be introduced for online slots are expected to reduce gross gambling yield by £166.2m. that would be a 5.2 per cent drop in online slots yield and a 2.6 per cent drop in…

Finance ・ 27 February 2024

iGaming Business

Gambling Commission launches new consultations on fines

The hope is the consultations, lasting 13 weeks, will bring "greater clarity and transparency" to how penalties are calculated. The starting point for fines will be considered, as well as whether the penalties will be judged against the gross gambling yield (GGY) made during the breach. The consultations will also cover financial key event…

Gaming Authorities ・ 16 December 2023

statista.com

Bingo revenue Great Britain 2022

Bingo in the United Kingdom (UK) generated nearly 500 million British pounds in revenue from April 2021 to March 2022. Main stage bingo accounted for the highest share in revenue amounting to 307.83 million British pounds. Overall, these figures show an increase from the previous period, most likely as a result of the coronavirus (COVID-19)…

Bingo ・ 09 January 2024

iGaming Business

Gambling Commission figures show land-based gambling surge

The Gambling Commission's Gambling Industry Statistics show total gross gambling yield (GGY) grew 6.8% year-on-year to £15.1bn ($19.0bn/€17.5bn) for the 12 months from April 2022 to March 2023. This figure, accrued from all licensed remote and land-based gambling operators, was also up 6.6% on the last pre-lockdown period to March 2020. GGY was up…

Gaming Authorities ・ 01 December 2023

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Yogonet

Broadway Gaming seals 888 bingo business acquisition with a Final $2m payment

Broadway Gaming has finalised the acquisition of 888's online bingo business with an additional $2 million payment, following the initial payment of $43.25 million, which both companies agreed on to initiate the merger. The takeover is the result of an agreement that was made nearly two years ago to transfer over the assets of over 200…

Industry ・ 08 November 2023

iNews

‘The gambling industry relies on addiction for almost its entire business model'

Charities and activists campaigning for tougher gambling regulation have questioned bookies' efforts to tackle addiction among customers ahead of a major government review of the sector expected next week. Betting giant 888, which owns William Hill, on Friday revealed a 15 per cent drop in online revenues, due to "proactive steps" it has taken to…

Gambling Addiction ・ 15 April 2023

Racing Post

Online shift the big change in gambling landscape but retail betting recovering

The Gambling Commission has released its latest set of industry statistics The shift to online gambling continues apace according to the latest statistics published by the industry's regulator. However, the Gambling Commission said retail gambling is showing signs of recovery following the Covid-19 pandemic despite a near 20 per cent fall in the…

Industry ・ 25 November 2022

Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through their resorts and casino gaming properties. To name some, Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM), Caesars Entertainment, Inc. (NASDAQ: CZR), and Boyd Gaming…

Finance ・ 22 September 2022

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Gaming Intelligence

Britain's online gambling yield falls in the second quarter of 2022

Britain's largest online gambling operators have recorded a significant fall in Gross Gaming Yield in the second quarter of the year, with every gaming vertical showing a decline versus the same period last year. The data released Thursday by the Gambling Commission covers the biggest operators who together account for approximately 80 per cent of…

Gaming Authorities ・ 05 August 2022

Net News Ledger

Which are the Largest Casino Companies in the UK?

The gambling industry in the UK has grown by leaps and bounds over the past decade thanks to the rise of technology. As a result, the sector has been able to provide high-quality entertainment to tens of thousands of people all across the country. According to data that was recently made public by the organization that regulates the British…

Mobile ・ 09 June 2022

News Update

The Current State of the UK’s Gambling Industry

The UK has a long and distinguished history of gambling. From the very first horse races held over 300 years ago to the exclusive casinos and members clubs that sprung up in the 18 and 19 centuries, it's an activity that is woven into the culture of the country. While it had already been established for generations, it was the Gambling Act of 2005,…

Industry ・ 30 March 2022

Gaming Intelligence

Britain’s online gambling market down 31% in December

Britain's regulated online gambling market contracted by nearly a third in December 2021, according to new data released by the Gambling Commission. The latest operator data on gambling behaviour amid the easing of lockdown measures across Great Britain shows that online gross gaming yield (GGY) fell by 31 per cent year-on-year in December to…

Industry ・ 18 February 2022

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Gambling Insider

UK GGY down 6% according to Gambling Commission data

The UK's gross gaming yield (GGY) was down for Q3 of the 2021/2022 financial year. According to the Gambling Commission, Covid-19 continues to impact Britain's gaming sector, which generated £1.2bn ($1.63bn) in GGY for the three months ended 31 December 2021, representing a 6% drop from the second quarter. The data, it said, was taken from licensed…

Gaming Authorities ・ 18 February 2022

Cambridgeshire Live

Online gambling soars by £1bn during the first year of Covid pandemic

Takings from online gambling soared during the first year of the Covid-19 pandemic - with experts warning the growth of "addictive" digital betting could cost lives. Campaigners also say "relentless advertising" of online gambling is irresponsible and have called for more regulation. Gambling Commission figures show that the remote betting, bingo…

Covid ・ 31 January 2022

SBC News

UKGC records stable July activity but concerns appear on higher slots engagement

The UK Gambling Commission (UKGC) has recorded a'stable July' as it continued to track the activity of the online gambling sector under COVID-19 circumstances. Publishing its latest online monitoring report gathered from operator data, the regulator revealed that July registered 11.3 million active players, matching June results. July's active…

Gaming Authorities ・ 22 September 2021

Times Of Malta

Online casino regulations updated in Germany, the Netherlands

The gambling sector in Europe and worldwide is thriving, fuelled by technological developments and changing lifestyles. According to the European Gaming and Betting Association, last year, the European market registered a gross revenue of €75.9bn - with the online casino revenue increasing by seven per cent, from €24.5bn in 2019 to €26.3bn in…

Sports ・ 30 August 2021

Gambling News

UKGC reports June has the lowest GGY result since November 2020

UKGC has released June's gross gambling yield (GGY) numbers, showing the lowest result since November 2020. The UK Gambling Commission (UKGC) has released its latest market update, revealing that the gambling industry generated a combined gross gambling yield (GGY) during June of $686 million - the lowest result since November 2020. However, the…

Gaming Authorities ・ 11 August 2021

Gaming Intelligence

Britain’s online gambling yield falls to £496.1m in June

Britain's online betting and gaming market declined for the second consecutive month as total gross gambling yield (GGY) fell by 7 per cent sequentially to £496.1m in June. The latest data from the Gambling Commission reveals that total bets placed fell by 10 per cent month-on-month to 6.2bn, while total active players climbed 4 per cent compared…

Gaming Authorities ・ 11 August 2021

Gaming Intelligence

British online gambling yield declines to £533m in May

Britain's Gambling Commission has revealed that gross gambling yield (GGY) from the online sector fell by 5 per cent compared to the previous month to just over £533m in May. Data from the biggest operators representing 80 per cent of the market shows that total bets increased by 1 per cent month-on-month, while the total number of active players…

Gaming Authorities ・ 16 July 2021

Gaming Intelligence

British online gambling market grows to £560m in April 2021

The latest data from Britain's Gambling Commission shows that gross gambling yield (GGY) from the online gambling sector rose by 3 per cent sequentially to more than £560m in April 2021. The data from the biggest operators representing 80 per cent of the market shows a 4 per cent rise in active player numbers as a result of increased recreational…

Industry ・ 04 June 2021

SBC News

UKGC confirms there is ‘no evidence of a sustained increase in gambling activity’

The UK Gambling Commission (UKGC) has delving into the potential impact thatCOVID-19 lockdowns have had on gambling activity. Data from the report has demonstrated that'there has not been a significant or sustained increase in gambling activity since the COVID-19 pandemic began'. Breaking down the statistics in a nationally representative sample of…

Incidents ・ 22 January 2021

Gaming Intelligence

Online gambling yield falls in November during second UK lockdown

Britain's Gambling Commission has said that the second COVID-19 lockdown in November had a limited impact on online gambling behaviour, with total online gross gambling yield (GGY) falling by 3 per cent month-on-month to £471.5m. This was driven by a 28 per cent decrease in real event sports betting GGY as betting margins normalised after their…

Covid ・ 22 January 2021

Casino Beats

UK Gambling Commission reports ‘significant growth’ in online market

The online gaming market has experienced significant growth, according to a new report by the UK Gambling Commission. Data from the report, which covers both online and in-person gambiling with data from licensed betting operators found on Britain's highstreet, highlighted how the renewed tightening of COVID-19 lockdown measures has impacted…

Gaming Authorities ・ 04 March 2021

iGaming Business

GB slot yield hits new low in September

Gambling Commission figures reveal that gross gaming yield for slots hit its lowest monthly total since March in September, though the return of the Premier League led to a hike in betting's contribution. Total slot yield was down 4.1% month-over-month to £157.4m (€175.3m/$207.1m) in September, based on data from operators representing 80% of the…

Gaming Authorities ・ 04 February 2021