Casino Gaming Market in the UK 2015-2019
About Casino Gaming
A modern casino comprises hotels, restaurants, shopping malls, and various other attractions. It is an indoor amusement zone. The majority of the revenue is generated from gambling. Gambling is illegal in many parts of the globe, thus casinos are limited to certain regions. However, with its growing popularity and contribution to revenue in the form of taxes, several countries are easing regulations to support casinos.
Technavio's analysts forecast the revenue of the casino gaming market in the UK to grow at a CAGR of 4.13% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the casino gaming market in the UK for the period 2015-2019. To calculate the market size, the report takes into account the revenue generated by games played in casinos. The report only includes the revenue generated through traditional land-based casinos and not online casinos. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.Technavio's report, Casino Gaming Market in UK 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the casino gaming market in the UK and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Casino Gaming Market in the UK 2015-2019
Technavio recognizes the following companies as the key players in the Casino Gaming Market in the UK: Betfred Group, Gala Coral Group, Ladbrokes and William Hill
Other Prominent Vendors in the market are: Camelot Group, Genting UK, Paddy Power, Rank Group and Sportech
Commenting on the report, an analyst from Technavio’s team said: “Casino gaming has traditionally been dominated by the male population but now participants include women, children, and the older population. This change in demographics is because of the change in perception about gambling. Gambling was considered as a malpractice by a majority of people, but the rise in government involvement and rapidly changing regulations of gambling have changed people's perception. Hence, gambling is now taken as a leisure or fun activity rather than an activity into which people get lured and ultimately end up losing their wealth. In the UK, women comprise more than 50% of the gambling population.”
According to the report, currently, the casino gaming market in the UK enables the players to use virtual money, which has reduced the burden and risk of carrying cash. Payment options through virtual currency and online real cash transactions through payment portals are already implemented where the winning amount can be distributed as virtual money, which can then be used to play other games or redeemed for cash. This also helps vendors in tracking the spending history of customers. Another advantage that it offers is that of scalability as it can be implemented to handle a large gambling population. This would also give vendors the opportunity to create customized marketing plans.
Further, the report states that stringent tax regulations are expected to affect the market during the forecast period.
Betfred Group, Gala Coral Group, Ladbrokes, William Hill, Camelot Group, Genting UK, Paddy Power, Rank Group, Sportech
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