Canyon News
UNITED STATES Online gambling is one of the most popular ways of passing the time among people of the United Kingdom. According to online gambling statistics, there are over 30 million accounts set up by people of UK in various online casinos. The total amount of money these accounts hold is more than 900 million pounds. 43% of UK-based online gamblers fall in the age group of 25 years to 34 years. So, let us explore the different reasons why online casinos have gained so much fame in UK.
Reasons for Popularity of British Online Casinos
The reasons because of which online gambling is so much popular in the United Kingdom are:
Truths and myths about independent online casinos
We re taking a look at the differences, advantages and drawbacks
14 May 2021, 1:32pm
It’s interesting to compare the UKGC online casinos with those that choose to operate as independent online casinos. There are some true and false facts about both, so let s look at the differences, advantages and drawbacks of these two types of spots.
One of the main myths some users believe is that independent casinos do not protect their customers. However, this is unlikely because even if an online operator does not have a UKGC license, it still has a license from another body that monitors and supervises the site.
May 12, 2021, 12:18 pm ·
Developer and licensor of mobile-focused online casino content Gaming Realms has signed a licensing agreement with game developer and supplier Pragmatic Play to produce Pragmatic Play-themed Slingo games.
The agreement enables Gaming Realms to license brands from Pragmatic Play’s ever-growing portfolio, including Sweet Bonanza and Wolf Gold, and craft Slingo games.
Gaming Realms acquired the Slingo business and intellectual property in 2015. The acquisition has enabled the company to establish itself as
“a
highly regarded developer and licensor of games in the international gaming market.”
In 2019, Gaming Realms sold its real-money gaming business to Oslo-listed company River iGaming for a total consideration of £11.5 million in a bid to focus its full attention on the
May 5, 2021
HM Revenue and Customs (HMRC) has announced that gambling revenue for the 2020/2021 financial year fell below expectations, largely due to the economic impact of national lockdowns.
Total tax receipts registered from April 2020 to March 2021 totalled £2.83 billion – a drop of £182 million or 6% when compared to 2019/2020 fiscal duties – attributed to COVID-19 lockdowns enforcing the closure of retail betting and gaming venues from March 2020 onwards.
HMRC also noted that the performance of the betting industry had been affected by ‘cancellation of several sporting events due to the coronavirus pandemic’.
Detailing the ‘provisional’ National Statistics on UK Gambling, HMRC outlined that Betting Duties accounted for total receipts of £604 million, up 2% on 2019/2020 results of £591 million – with 98.4% allocated from General Betting Duties covering remote and retail wagers.
Slots Heaven
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March 11, 2020
Slots Heaven celebrated its first post-rebranding anniversary in November 2014, having been on the market with the re-launched site for just a year. The online casino has certainly been a colourful addition, with players initially drawn in by the homepage and its bright visual style. For licensing, the site is registered with the Gibraltar Licensing Authority and with the UK Gambling Commission.
Software
Slots Heaven is powered by gaming software from Playtech. This is an instant benefit for players, Playtech is one of the largest gambling software developers in world, alongside names such as IGT, NetEnt, and Microgaming. One current limitation of Slots Heaven is that it links players to a partner site when they click on the mobile casino prompt in the footer at the bottom of the page. Management should prioritise the addition of a mobile platform in 2015 and beyond.