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Top Rated Bingo Sites: New Report on UK Online Bingo Industry Shows GGY Record | Taiwan News

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LONDON – (BUSINESS WIRE) – July 24, 2018 – Top Rated Bingo Sites, a directory of leading online bingo sites in the UK has released its latest industry report and survey of players, in which he describes recent financial legislation and regulations in the UK and their effect on the online bingo industry. Based on data from the latest official industry statistics, market research, player survey and analysis of site openings and closures, the site draws conclusions for 2017 and forecasts for the remainder of 2018 and 2019.

This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20180724005393/en/

Important factors in online bingo (Photo: Business Wire)

From their industry statistics, it becomes clear that despite the online gaming industry hitting a record GGY of £ 13.9 billion, online bingo is only 3%, with a gross return of £ 470million. According to experts at top rated bingo sites, although bingo relies on player liquidity, much like poker, the social aspect of the game is predominant.

Bonuses are no longer the primary driver of acquisition, and with player spending habits shifting towards less deposits and wagers, bingo site revenues remain steadfast in the midst of an economic downturn due to their ability to integrate players into communities.

Even though 2017 saw a record number of online bingo player accounts after the largest increase in the number of people playing online, a tax on no deposit bonuses, as well as financial restrictions and content limitations were among them. the reasons for the lowest history of site openings. and a record number of site closures.

In his report, the online directory points out that nearly half of the closures of bingo sites took place after the adoption of the 2017 finance bill in August. The bill introduced a 15% tax on all free and discounted bets, and some of the biggest bingo operators were forced to discontinue their no deposit bonuses, losing their appeal to new players and individuals. launching white label sites.

Additionally, most bingo networks had to redesign landing pages and limit the availability of demo games on their larger sites after the UK Gambling Commission and the Advertising Standards Authority jointly imposed limitations on cartoon characters. games of childish nature posted online easily accessible. space out.

Due to an alarming number of children between the ages of 11 and 16 identified as problem gamblers, the Commission has also cracked down on gambling ads and issued millions of pounds in penalties to some of the world’s largest corporations. gambling for non-protection of vulnerable people, violation of self-exclusion practices and false advertising.

According to analysis of the top-rated bingo sites, more massive fines are expected in the coming months, as part of regulators’ tighter stance on the gaming industry. The website also predicts that 2018 and 2019, the industry could face an increase in the point-of-consumption tax, a ban on advertising and gambling, and the possible fallout from Brexit if EU member states restrict or block UK licensed operators after the UK leaves the Union in March 2019.

About TopRatedBingosites.co.uk: The website lists and ranks over 400 active bingo sites, reviewing their software products based on user experience, promotional offers and industry compliance. As one of the UK’s largest directories, Top-Rated Bingo Sites publishes reviews of player attitudes, operator practices and regulators’ positions on the gaming industry.

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See the source version on businesswire.com:https://www.businesswire.com/news/home/20180724005393/en/

CONTACT: Miroslav Pavlov

Performalis Ltd – Topratedbingosites.co.uk

[email protected]

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: ENTERTAINMENT CASINO / ONLINE GAMING

SOURCE: Top Rated Bingo Sites

Copyright Business Wire 2018.

PUB: 07/24/2018 06:02 / DISC: 07/24/2018 06:02

http://www.businesswire.com/news/home/20180724005393/en


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