Mondaq – Adoption of and engagement with digital technology have fundamentally changed the structure of consumer markets over the last ten years. The betting and gaming industry has been transformed, first with online and more recently, mobile driving growth. These changes have challenged national governments in Europe and elsewhere to identify efficient and appropriate ways of regulating and taxing the growing remote betting and gaming industry. The current UK regulatory and taxation framework, which has come under some criticism for failing to adapt to the evolution of the industry, will change significantly in the next year.
We believe that in the medium term, the industry is likely to experience market share consolidation as taxation and the related compliance costs put pressure on operators’ margins. As competition intensifies further and the take up of mobile betting and gaming grows exponentially, the ability to provide high quality mobile propositions becomes a key determinant of success.
The Future of the British remote betting and gaming industry identifies issues the industry may face in the next five years and how it might respond to those challenges. It is based on interviews Deloitte LLP carried out with 16 industry leaders and observers from betting and gaming companies, the regulator, a trade association as well as other organisations with specialist knowledge in the industry.
We hope this report gives you the insight you need to enhance your understanding of the changing landscape for the British remote betting and gaming industry, and we welcome your feedback.
