A super casino in northern England could be back on the cards more than a decade after the plans were scrapped by the last Labour government. The 2005 Gambling Act, which came into force in September 2007, was going to enable the expansion of the UK casino sector, including large resort casinos. But the plans were diluted and, in the end, a single resort casino was awarded to Manchester, beating a rival bid from Blackpool. But even this one casino was scrapped when Gordon Brown became prime minister. Now, however, Blackpool could be back in the game, following comments by “Northern Powerhouse” minister Jake Berry. The minister explained, “It is early days but I think this is a prize worth reaching for. So far I've had a discussion with the leader of Blackpool Council and I have been speaking to [...]
Through a Freedom of Information Enquiry GBGC asked the UK Gambling Commission for a total of the fines collected over the last few years and how they had been allocated in the Commission’s accounts. Prior to receiving a reply, however, the Financial Times has published an article with the headline “Betting companies pay record UK fines of £19.7m”. The total sum collected was accounted for by allocating GB£ 6.7m to compensate consumers and other affected parties, and the balance of GB£ 13m going to the Treasury. At a time when the gambling industry has been called upon to help problem gamblers by increasing the amount donated every year, the operators should be asking why, if the problem is so serious, the government does not recognise this and give the money collected in fines to relevant causes. The fines are just [...]
A round-up of some of the recent events that have happened in the UK betting sector, signalling the wider picture of bookmakers' fortunes. Stan James goes Mega Stan James was one of the most well-known names in UK sports betting UK. But the Fisher family no longer runs the business. It has been sold to Bet21 and now trades as Megabet Ltd. One of the first tasks for Megabet after the takeover was to close 50 of the 90 shops. A further episode which highlights the malaise in the UK betting shop sector. Three-day week A sign on the front of the independent betting shop College Racing states that it will only be open Friday, Saturday and Sunday. The Bookmakers Technology Consortium commented that it was probably due to high media costs, which have become unsustainable because of the lower [...]
North America is the leading region for casino gaming revenues with almost half of the global market (47%). Asia, home to large gaming resorts in Macau and Singapore, is a distant second with a 31% share. But GBGC’s forecasts in the latest edition of the Global Gambling Report suggest that the gap could have closed by 2022. In that year the market shares of North America and Asia are predicted to be 41% and 37% respectively. In Asia GBGC believes gaming jurisdictions like the Philippines, Cambodia and Vietnam have more potential over the next four years than those in North America. If Japan has an active casino market by 2022, then it is entirely possible that Asia will have overtaken North America as the leading casino gaming region.
Singapore has retained its position as the leading jurisdiction, as measured by gambling spend per capita (US$). In fact the top three positions remained the same, based on the calculations in the new edition of GBGC’s Global Gambling Report (14th edition). Singapore, Australia and Hong Kong hold the first three positions. Globally, the mean average spend per capita was US$ 65.
Sports betting takes a majority of global i-gaming revenues (US$), based on the data in GBGC’s Interactive Gambling Report. Online casino gaming makes up a quarter of the global market. Sports betting could come to take an even greater share of the market in the future, if some of the more populous US states permit sports betting in the coming decade. Read more about the i-gaming sector in GBGC’s Interactive Gambling Report 2019.