The Gambling Commission reveals latest results as overall industry yield increases

The Gambling Commission reveals latest results as overall industry yield increases

Thursday, November 30, 2017 Posted by Joseph Streeter
The number of betting shops in the UK fell

The Gambling Commission has revealed that the overall yield of the gambling industry for the period commencing April 2016 and ending March 2016 was £13.7 bn, an increase of 1.8% from the corresponding results of the previous year.

In spite of the increase in the overall industry yield, the most recent set of results also outlined that there are now 8,502 betting shops in the UK, a fall of almost 4% within the last six months and a number that represents a continual decline, with betting shop numbers being at the lowest they have been since the Commission began recording these results in 2009.

Malcolm George, Chief Executive of the Association of British Bookmakers (The ABB) commented on the results: "The pace at which betting shops are closing is very bad news for the future of a retailer that has been a fixture of the high street for over 55 years.

"The government are currently consulting on gaming machines in betting shops. Any significant change in regulation could lead to over half of all shops closing and the loss of a further 21,000 jobs while doing nothing to address problem gambling."

The report revealed that the closure of betting shops also coincided with the closure of bingo halls, which declined by 1.4% to 146 over the past year. However, aside from the closures of betting shops and subsequent loss of FOBTs as well as the closure of bingo halls, the overall number of gaming machines within the UK increased by 1.8% to 182,916. On the other hand, the number of casinos remained steady, increasing from 145 to 146.

Combating a fall in the amount of FOBTs that are in the UK, The Commission still reported a 3.2% increase in profit from B2 machines for the year beginning in March 2016. Gaming machines in general, reported an increase in profit of 2.6% for the same period.

Totally Gaming says: It’s hard not to cite the growth in online betting for the decline of retailers, however likely impending government regulations on the industry could have a further impact in the rate at which betting shops are declining. It remains to be seen what impact this will have on the rate of problem gambling within the country.

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