Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Play La Inc PLLAF

"Play LA Inc is a holding company engaged in identifying, acquiring, and growing businesses and assets relating to online content publishing and internet advertising solutions for online gaming operators. The company's advertising network includes Educational and news related sites; Comparison shopping sites and directories; and Community sites including blogs. It derives its revenue using various revenue models that include Pay-per-click; Pay-per-impression; Pay-per-lead; Pay-per-acquisition; F


GREY:PLLAF - Post by User

<< Previous
Bullboard Posts
Next >>
Post by STOCKRUSon Oct 29, 2009 12:59am
221 Views
Post# 16433892

Remote Gambling Industry Worth 896 Million Pounds

Remote Gambling Industry Worth 896 Million Pounds

Remote Gambling Industry Worth 896 Million Pounds


David Joseph - Posted on 02 October 2009

In the UK, the Gambling Commission has released the results of detailed research showing that the remote gambling market in the nation was worth £896 million last year.

In compiling its figures, the regulator revealed that it took detailed statistics from a range of sources including gambling industry trade bodies, the Department for Culture, Media And Sport and Her Majesty’s Revenue And Customs. In addition, it stated that a ‘substantial’ amount of information was taken from regulatory returns that all licensed gambling operators must submit on either an annual or quarterly basis.

The Commission stated that the UK gambling industry had a turnover of over £84 billion in 2006/07 with gross gambling yield at around £9.9 billion, one-quarter of which was generated by the National Lottery.

The regulator revealed that the number of remote gambling licenses issued in 2008 rose from 300 to 328 with the majority of these consisting of betting exchanges alongside pool and general betting.

“The majority of gambling sites accessible to British citizens are regulated overseas,” read the Commission’s results.

“In many cases an operator is licensed by the Commission for remote betting but (for fiscal and other operational reasons) its remote casino and poker operations are licensed overseas. The main European overseas jurisdictions regulating remote gambling are Alderney, Gibraltar, the Isle of Man and Malta.”

The Commission stated that the UK remote betting, bingo and casino industry employed 7,800 people in the country last year and had 6.2 million active customer accounts with 4.9 million new player registrations. It reported that there were a total of 16 million customer accounts holding around £257 million.

Source: iGaming Business September 22, 2009

https://www.playlainc.com/news/uk-remote-gambling-industry-worth-896-million-pounds-20091002

<< Previous
Bullboard Posts
Next >>