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It is an exciting time for the world of online gambling, and this trend will not be slowing anytime soon.
In recent years, with the help of the exponential growth of the advancements in technology, the gambling industry is seeing substantial growth in the UK and all over the world.
According to statistics, the market size of the gambling and betting activities in the UK is orbiting somewhere around £14.3 billion annually and is projected to grow even more in the next years. About 38,6% of that number results in online gambling, making the UK stock market one of the most dominant virtual gambling markets internationally.
Listed Gambling Companies
While there are many publicly traded companies in the gambling industry in the UK, here are some of the biggest and top performing (evidenced by the annual revenue growth rate).
- Playtech is currently one of the market leaders in the online gambling industry. In fact, it is the world’s largest online gambling company listed on the London Stock Exchange Main Market.
The company, founded in 1999, provides software solutions for online casinos, online poker rooms, online bingo games, online sports betting, scratch games and mobile gaming.
- Microgaming is one of the oldest and most experienced casino software listed of the UK Market. The company has been around since 1994,after the Free Trade and Processing Act of 1994 was introduced in Barbuda and Antigua. Do you know that about 12 years ago, a British soldier became one of the the biggest jackpot winners in the world?
Microgaming has released a wide portfolio of casino games and products, available both on desktop and mobile devices, but the company specializes in thrilling and enjoyable slots. In fact, one of its best-known slots, Mega Moolah, is the most-playedof all video slots machines in England.
Fun fact about Microgaming’s biggest jackpot winners: In May 2009, Microgaming’s progressive Mega Moolah slot machine set a new Guiness Record when it paid out £13,209,300 (the largest casino payout to date) to Jonathon Heywood, a 26-year old British soldier from Cheshire, just 25 minutes after he had opened his online casino account.
- Established in 2011, LeoVegas is a Swedish gambling company with offices in UK, Italy and Poland that provides excellent online gaming and gambling services.
LeoVegas specializes in mobile gaming, taking advantage of the overriding increase of smartphone use and the “mobile first” mentality, and it has recently won the “Online Casino of the Year” award at the Global Gaming Awards London 2021 (for the fourth time in a row!).
LeoVegas’s share price has risen by more than 8% in the past three months.
Why are Online Casinos Growing So Fast?
There is at least a dozen of reasons why the number of players in the UK and all across the globe is increasing. Let us stick to the ones that really make the difference.
Variety and Quality of Games
Online casinos are constantly looking for techniques to improve their platforms, studying their customer’s interests and preferences in order to release new games, such as roulette, slots, live games, table games, and blackjack, among others.
These games are developed using high-quality graphics and sounds, as well as allow to play with familiar characters, offering a unique and thrilling virtual experience for each kind of player, which makes it even easier to relax and escaped from everyday life.
Also, another benefit that online gambling has brought to players worldwide is the “live dealer” games. These kinds of games attempt to recreate the experience of a live casino connecting the player to a real human dealer, addressing the growing need for a more realistic gambling experience.
Availability and Promotions
Online casinos offer instant access, moves, wagers and the possibility of take advantage of exiting bonuses and promotions that can double the chances of winning, all from the comfort of each player’s home with their desktop or mobile device in hand. Online casinos are available 24/7, with practically no entry barriers.
Online Gambling Communities
It is a fact: humans have a tendency to seek for and interact with others. Luckily, in terms of online gambling, the Internet provides a variety of social virtual environments for players, such as forums and in-game interaction tools for discussing activities and sharing experiences, strategies, and tips, as well as the downsides and related problems of gambling.
This kind of interaction is particularly beneficial for certain games, such as online poker, as players share their data and experiences of former games with other players to get feedback and help to identify flaws in performances and enhance their poker skills.
Final Thoughts
The UK gambling industry has been growing for many years, but this is no surprise. Online casinos are getting better year after year, providing gamblers with several ways to win, as well as different odds and potential winning. There are limitless opportunities to have a great gaming experience and make money from the comfort of our own home.
For those reasons, the growth of the UK online gambling industry will definitely not be slowing anytime soon.
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