Forecasts for the Online Casino Industry
In a recent report regarding online casino gambling and the forecast for the online casino gambling industry to the year 2010, it was suggested that the significant increase in UK consumer spending on online casino gambling since 2000, was initially generated mostly by hardcore online casino gamblers. The report makes educated predications regarding the future of the online gaming casino and is essential reading for investors in the industry, online casino gambling technology providers and online casinos operators. Also, it is recommended to media companies which are interested in making profit from broadband services.
While revenues up until 2006 were generated by hardcore online casino players, future growth is predicted to be driven by more leisure oriented consumers. This prediction is make following the emergence of simpler online casino formats targeting the masses, particularly gaming and lotto. For the first time, gambling products offer real competition with other forms of entertainment when it comes to consumer attention and spending habits. It is forecasted that UK consumer spending on online casino gambling will increase by the year 2010 to 1.6 billion pound, in comparison to 2005’s amount of 660 million. The number of active clients in the UK is predicted to rise from 1.1 million in 2005 to 2.1 million in 2010.
This report outlines 30 online casino industry leaders and includes only operators listed or based in the UK, or target UK based online casino gamblers. London, in fact, has become the base for many leading operators, as it offers a regulatory framework directly confronting online gambling related issues.