Biggest Bookies And The Distribution Of The Gambling Industry In the United Kingdom
You might examine the betting and gambling industry and think there is a good deal of healthy rivalry, with countless brands currently vying for our pennies. Many companies however, although they may seem impartial, are in fact component of the exact same group, and you may never know it. Like many markets, there are actually a few large players and the rest are left to scramble for the rest of the custom.
It isn’t only the old high street bookies like William Hill and Betfred that occupy the top spots in the biggest gaming business leagues. Many early online only bookmakers have already beaten the older land based operators, such as Bet365, and the world’s biggest and earliest online exchange, Betfair. Mergers between already large companies like Ladbrokes and Coral and Betfair and Paddy Power has created behemoth bookies. The near future of bookmaking in the UK is in the balance as it risks becoming a monopoly of a very few massive businesses, very much like the energy markets.
Within this article we also look at the development of the UK gambling industry, the size of the profits produced together with the innovative switch to online gambling and gaming.