DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/zr67gh/betting_and) has announced the addition of the "Betting & Gaming Market Report 2013" report to their offering.
The betting and gaming market in the UK has declined in terms of consumer expenditure over the past 5-year period between 2008 and 2012, and grew by 2.7% in 2012. This decline is largely due to the recession, which saw many consumer markets struggle in 2009; however, the years that followed showed strong performance within the gambling industry. The market is divided into the different type of game or bet that a consumer can play, and is broken down into the following sectors: lotteries, casinos, licensed bingos, gaming machines, football pools and bookmaking.
The primary consumers within all sectors of the market are males, with the only exception being that of the licensed bingo sector which is most popular among female consumers. The growth in online bingo in recent years has expanded this market sector, along with all online areas of the industry. Remote gambling has become increasingly widespread, thus making the market more accessible, with consumers able to place bets at the click of a button from wherever they are at that moment in time. The influx of smartphone and tablet technology is aiding this area of the market, as well as facilitating growth especially among the youth market.
In recent years, betting shops have taken over an increasing share of high street locations, moving into more desirable locations and buying vacant retail space from failed retailers. The popularity of fixed-odds betting terminals within the retail domain has seen touch-screen machines accounting for a growing proportion of total retail revenue, driving the demand for these terminals, despite the popularity of the online market.
However, the presence of the betting and gaming market has faced criticism from the Government, which is calling for local councils to be given greater power in deciding where bookmakers are located. The introduction of machine gaming duty and the proposed measure of a point of consumption tax will potentially reduce earning power of the market leaders in the coming years.
Just as the London 2012 Olympic and Paralympic Games are believed to have boosted the market, upcoming events such as the FIFA 2014 Footballs World Cup and the Rio 2016 Olympic and Paralympic Games, are likely to encourage market growth over the 5-year forecast period, with the authors estimating that the market will rise by 18.4% between 2013 and 2017. With social media and Near-Field-Communication (NFC) technology expected to be exploited further by the industry in the coming years, the online sector is expected to grow further despite the legislative restrictions imposed on remote gambling.
Key Topics Covered:
Strengths, Weaknesses, Opportunities and Threats
- Bet365 Group Ltd
- Betfair Group Plc
- Camelot UK Lotteries Ltd
- Done Brothers (Cash Betting) Ltd
- Gala Coral Group Ltd
- Genting UK Plc
- Ladbrokes Plc
- Sportech Plc
- The Rank Group Plc
- William Hill Plc
For more information visit http://www.researchandmarkets.com/research/zr67gh/betting_and
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Source: Research and Markets