Category: Casino Game

Casino Stocks Continue To Grow In UK

According to a survey conducted by the Casino Sites Licensing Gambling Commission, the value of gambling in the UK is growing. The figures show that the sector remains in constant growth thanks to the interest of the investors.

A still profitable sector

In September 2016 the gaming industry was valued at £ 13.8 billion and until today the market continues to evolve. In recent years, the rate of investment in gambling stocks has declined slightly due to the age change of players who engage in this practice. Gaming establishments and online platforms are now registering young users who are trying their luck. The operators have understood this well and are trying to provide offers adapted to this demand. However, this decrease is also the result of taking into account social responsibility including a public that cares more about ethics and abuses related to gambling.

According to publisher Matt High, investments in casinos and their partner companies are on the rise. The finding is revealing in the United Kingdom where the market is developing rapidly through the number of online casino developers and the establishment of land-based casinos every two days. Abroad, the attraction for casinos is also experiencing a boom, particularly in Macao and Las Vegas through various projects under development.

The British casino market is gradually recovering its brands, but gambling establishments are still struggling to attract a young audience. These punters are more interested in sports betting, including football, and find it hard to imagine themselves sitting at a gaming table and betting money. The main customers of land-based casinos are still people over 40. However, the advent of online casinos could be a game changer and some UK casinos are taking advantage of the windfall to expand their offerings to other countries. As a result of the data collected, casino operators report revenues to the tune of one billion pounds, a jump of 13.5% compared to last year.

Among the industry leaders that could be of interest to future investors:

  • The Rank Group (LSE) rises to the top of the list with an estimated market value of £ 864.58million.
  • The Inter Game Tech company specializing in the development of online games and known as IGT is very successful thanks to its progressive jackpots and ends with a 1.25% increase in their shares in three months.
  • William Hill retains its top spot in the sports betting market with a market cap of £ 2.43 billion.
  • Paddy Power Betfair is on the rise after a catastrophic trading year. The profits of the British Irish bookmaker are doing better with a steady recovery since May.
  • Net Entertainment is a renowned Swedish developer in the field of online slots. In the field, the software supplier is an important player thanks to its new game licenses.

Read More →