Latest News
The UK Continues to Experience a Surge in Online Casino Gaming
The United Kingdom continues to have one of the biggest online gambling markets worldwide. This is even if the UK Gambling Commission is dubbed as the strictest gambling committee worldwide. Last year, the UKGC did impose stricter rules and regulations that online gambling sites have to follow but this didn’t greatly impact the industry.
The UKGC has imposed stricter regulations including putting a ban on the use of credit cards for any gambling transactions. Autoplay for slot machine games is also no longer allowed. Still, it seems like the people of the UK are not deterred to stop gambling at some point. Why would they if online casinos and bookies are so easy to access? They could also get a generous amount of an online casino bonus if they want to. Online gambling is simply taking off and the numbers are saying that it really is the case.
UK Gambling in Numbers
Based on a report released by Leanbackplayer, there is a decrease in the overall UK gambling revenue. However, they saw an increase in online casino gaming specifically. The report stated that the GGY of the gambling industry decreased by about £84.1 million from April 2018 to March 2020.
Land bookies saw a decline of £859.5 million in those years and land casinos saw about £42.8 million. Offline bingo also saw a decrease of £38.4 million in revenues. However, online casino gaming saw an increase of nearly 4 percent in revenues and online betting to as much as 15.5 percent.
When it comes to what the UK people are enjoying in terms of gambling aside from online casinos, many are still wagering on Football. The report says that this sport alone takes up almost half of the overall sports betting handle in the country. This sport is followed by horse racing with 28 percent.
Overall, the global online gambling market is expected to grow by more than 80 million USD in the next three years. With that said, even if the pandemic wanes, the industry will continue to grow. And in the UK, even if the UKGC is expected to implement more rules and regulations that will help lessen problem gambling in the country, the industry will still continue to grow.
Who Are Gambling in the UK During the Pandemic?
In May, there was a study led by the University of Bristol that was published in the Journal of Gambling Studies. According to this, regular male gamblers are the ones who were more prone to gambling more often during the lockdowns in the country.
The study was led by Professor Alan Emond of the university’s Medical School. The professor said, “This study provides unique real-time insights into how people’s attitudes and gambling behavior changed during the lockdown when everyone was stuck inside and unable to participate in most social activities.
“The findings reveal that although many forms of gambling were restricted, a minority of regular gamblers significantly increased their gambling and betting online. As with so many repercussions of the pandemic, inequalities have been exacerbated and particularly vulnerable groups were worse affected.”
The study was conducted through comparative research that utilized two online questionnaires during the initial lockdown last year. There were more than 2600 adults aged 28 years on average who responded and what they found is that men were three times more likely to gamble regularly in a week compared to the female respondents.
The questionnaire also included questions on drinking and what they found is that in both men and women, drinking heavily is strongly linked to regular gambling. Professor Emond said, “The strong link between binge drinking and regular gambling is of particular concern, as they are both addictive behaviors which can have serious health and social consequences.
“With the wider availability of gambling through different online channels, vulnerable groups could get caught in a destructive cycle. A public health approach is needed to minimize [the] gambling harms.”
The study also explained that even if overall speaking, men and women gambled less frequently gambled during the lockdowns, they saw an increase in online casino gaming. More people played poker, bingo, and other casino games online and the number of people interested and who played such games grew six-fold during the pandemic.
Agnes Nairn who is an online advertising expert and a professor from the University of Bristol’s School Management spoke of how alarming this could be. The professor said, “The results of this study and trends being reported more widely are quite alarming. As gambling habits shift online, vulnerable groups including children and adults who drink heavily may be more easily sucked into these channels.
“The increased prevalence of home working is also an important consideration for future policymaking, as the temptation to gamble online, amplified by clever advertising, is always there. Children are also falling prey to this advertising, especially for esports, on social media and could get locked into addictive habits from an early age. Stricter regulation is needed in this growing field to protect unwitting consumers.”
Latest News
Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of СS2
From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a €10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.
BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.
From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping €10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.
How to take part in the MEGA BLAST Competition:
- Register an account with GG.BET or log in to an existing account.
- Go to the tournament page and press “Participate”.
- Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
- Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.
Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you don’t miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.
Latest News
MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE
Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.
As part of the club’s pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.
The agreement will see Betway become the club’s Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brand’s extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.
Ferran Soriano, City Football Group CEO, said: “We are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”
Super Group CEO, Neal Menashe, commented: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”
Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.
Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.
The Opening Bell ceremony can be viewed live.
Compliance Updates
Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed
The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.
This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.
In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.
Research Timeline and Data Relevance
The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.
Goals and Objectives
- Describe the information about the Curacao license and the issuing regulator.
- Describe the requirements and conditions for obtaining a Curacao license.
- Describe the costs and timelines for obtaining a Curacao license.
- Briefly study the market, find and suggest the following lists:
- Legal companies offering services for company registration and obtaining a Curacao license;
- Communication agents and integrators working with the Curacao license;
- Suppliers and vendors working with the Curacao license;
- Payment systems working with the Curacao license.
Key Topics Covered:
1. Goals and Objectives
2. Research Timeline and Data Relevance
- Document Markup
- Raw and Combined Data
- Terms & Glossary
3. General Information
- The Regulator
- Registration of Operators With Sublicense
- Application for an Online Gaming License
4. Requirements and Conditions for Obtaining a License
License Conditions
- General Prohibitions
- Safe and Secure Environment
- Equipment and Application Software
- Player Registration
- Payment Transactions
- Games
- Terms of Use
- Resolution of Complaints
- Administrative Responsibilities
- Publicly Available Information
- Reports
- Policies and Procedures
- Suspension and Revocation of License
- Additional Conditions
- Supervision
Recommendations or Minimum Requirements for the Business Plan
5. The Cost of the License
6. Decision Term and the Validity of the License
7. Application Method and Forms
8. Contact Information
9. Companies for Registration and Licensing
10. Integration Companies
11. Suppliers and Vendors
12. Payment Systems
13. META
14. Appendix: Terms & Glossary
For more information about this report visit researchandmarkets.com/r/izeo6g
-
Gambling in the USA5 days ago
Gaming Americas Weekly Roundup – July 15-21
-
Eastern Europe5 days ago
7777 gaming is now available on WINBET Romania
-
Gaming5 days ago
MainStreaming Announces Appointment of Nicola Micali as Chief Customer Officer
-
Industry News5 days ago
Safer Gambling Tools Use Hits Record High in 2023 – New Report from EGBA
-
eSports5 days ago
INSPIRED LAUNCHES RE-PLAY ESPORTS™ FEATURING CS:GO IN PARTNERSHIP WITH KAIZEN GAMING
-
Australia5 days ago
Australian eSports Star Joins Team Liquid
-
eSports5 days ago
NODWIN(R) Gaming ropes in Android as title partner for BGMS Season 3; to be powered by Garnier Men
-
Latest News5 days ago
Spinomenal shines again with Super Wild Fruits release