WELCOME TO
Casinowebscripts

LOADING WEBSITE... PLEASE WAIT


- START YOUR ONLINE CASINO IN 24 HOURS -
- 0% MONTHLY FEES -

- CUSTOM DEVELOPMENT AVAILABLE -


News

The impact of gambling on the UK economy

25 March 2013

It is well known that the gambling industry had its ups and downs since the recession began. Land based casino owners and online casino software providers faced challenging times, even though the betting industry is becoming more and more popular nowadays.

A report conducted by Deloitte regarding the gambling industry in the UK actually demonstrates that the betting and gaming industry is bringing positive value to UK’s GDP (Gross Domestic Product) and is responsible for a healthy growth of employment. The industry contributes economically and socially at the same time, having an impact of more than £5 billion of GVA (Gross Value Added) on the UK economy.

A set of weak points have also been revealed in the report, such as the point of consumption tax, which affects the gaming software providers, meaning that the tax will be paid for all bets made by clients in the UK, regardless of the location of the online casino software development company. Also, moving to offshore gambling provided a negative impact on the Licensed Betting Offices (LBO’s), considering that gaming machines are becoming less popular than they were before the economic crisis began.
The popularity of land based casinos and online casino software providers, such as “CasinoWebScripts” is expected to increase in the next few years, bringing huge benefits to the economy.

25 March 2013

Top Articles

23 February 2024

As a casino operator, you're always looking for ways to keep your players engaged and loyal. Enter gamification: a strategy that brings the engaging elements of video games into the online casino world. Think of it like...

25 October 2023

In the ever-evolving landscape of online gaming and entertainment, the demand for innovative and captivating sweepstakes social casino solutions continues to grow. While the United States has witnessed a burgeoning interest...

1 February 2023

Creating an online casino and starting a business in the iGaming industry is a great option for entrepreneurs who are interested in making a successful investment. The constantly-growing casino market is tempting, mostly...

21 June 2020

What is a payout percentage? Return to player or payout represents the percentage of the total bet amount that the casino has returned to the players, as wins. The value displayed on our website and inside our games...

10 February 2018

The first step towards starting an online casino which operates with real money is obtaining an online casino license. The products that we sell might require a casino/gambling license depending on the jurisdiction in which...

26 January 2018

Being considered just a virtual-world currency and not being legally recognized as a real money currency by any state in the world is the biggest advantage of Bitcoin. Using it as a currency for your casino and accepting...

20 May 2011

Guide about how to start your online casino website now Using our products, you get the opportunity to start your online casino website in 24 hours, without having to pay any monthly fees (you get to keep 100% of...