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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 gambling online.

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.

Read the entire article at: Net Imperative UK 

2004 Online Casino News Archive


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