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Profit For All?
Extract from our new Online Gambling sector report: Gamesys MD Noel
Hayden considers the condition of the online gambling market.
Gaming or gambling, call it what you will, and like it or loathe it,
it’s now a major part of the online environment. Often tipped as one of
the few online businesses likely to make serious money in the long term,
in the last few years online gambling has changed beyond recognition.
Where once gambling on the internet was seen as the preserve of small
time gamers and gamblers, now most major portals have their own gambling
channel, and the market is buoyant.
The online gambling market in the UK is due to undergo a period of
deregulation in the next couple of years, thanks largely to the Budd
report of July 2001, that considered the whole gamut of gambling laws in
this country, but with an emphasis on the then emerging sphere of
As the Budd Report recognised, the major factor affecting attitudes
to gambling in the UK was the introduction of The National Lottery.
Suddenly gambling on a regular basis was an every day activity carried
out by large and diverse swathes of the UK population without having the
negative impacts (rampant gambling addictions, running up huge debts
etc) that were predicted by the gloom-mongers. This change in attitudes
wasn’t about to make hundreds of thousands of people start going into
betting shops, which can be intimidating, but it helped open people up
to the idea of gambling from home, and online was the perfect method.
The UK market is buoyant for a number of reasons.
entire article at:
Net Imperative UK
2004 Online Casino News Archive