As you may already know, the UK Gambling Commission publishes industry statistics twice a year, in May and in November. And their 2019 May findings have just been published, with some interesting results. The previous report, the one from November 2018, showed that UK online gambling is on the rise. And this report only confirms the findings of the previous one.
Total Gross Gambling Yield Decreased
The GGY of the industry as a whole is down by 0.4% compared to the period April 2017 to March 2018. The period that was the focus of the recently published statistics is October 2017 to September 2018.
The number of employees in the industry is also decreased by 1.4%. There are now 106,670 people working in the industry. The number of betting shops is down by 1.5%, whereas the number of bingo halls has decreased by 1.1%. There are 8,423 betting shops in Britain and 650 bingo halls.
On the other hand, the number of casinos has grown minimally, i.e. by one casino. When it comes to arcades, their number has dropped by 5.3% (1,639 arcades in September 2018).
The Remote Sector Is Growing Though
One thing appears to be pretty certain if we have a look at the findings published by the UK Gambling Commission in the past year or two. The future is online. That’s right, the online or the remote sector seems to be the only sector that has grown in the period April 2017 to March 2018. The growth isn’t insignificant either, even though the percentage isn’t too high – 2.9%. The total gross gambling yield of the online sector amounted to £5.6 billion.
The total market share of the online sector is almost 40% (39% to be more precise) and that’s a 1.2% increase compared to the period April 2017 – March 2018.
Even though the land-based sector is in decline, the number of gaming machines has grown 2.4%, up to 183,813. Another figure that was increased compared to the previous period is the amount of money that large lotteries contributed to good causes - £314 millions.
The Programme Director for Industry Insight, Ben Haden stated that despite the small decline of the industry as a whole, the online sector continues to grow. He added that the UKGC has implemented a few new rules.
GVC Boss Salary Decreased By £150,000
GVC is UK’s largest gambling company that owns Ladbrokes and Coral and their boss Kenny Alexander just had his salary slashed to £800K from £950K what he previously earned. This was apparently done to stop shareholders from rebelling during the next annual meeting which will be held next week.
Sands Bethlehem Casino To Be Sold For £1.3 Billion
One of the most famous casino resorts in Pennsylvania will be sold for $1.3 billion, or at least that’s the expectation. The regulators approved the sale and the deal is supposed to be closed today. The casino features almost 190 table games.
The Sands Casino will be purchased by Wind Creek Hospitality and the new potential owners conformed that the senior managers that work at Sands Bethlehem currently will keep their positions.
The Gaming Control Board (PGCB) did express their concern regarding the fact that Wind Creek manage a total of 75 game tables throughout all of their casino facilities.