Biggest Bookies and the Distribution of the Gambling Industry in the UK
Largest Bookies And The Distribution Of The Betting Industry In the United Kingdom
You might examine the gambling and gaming industry and think there is a good deal of healthy competition, with countless brands now vying for our pennies. Many companies however, though they might seem impartial, are in fact part of the same group, and you may never know it. Like many markets, there are in fact a couple of big players and the remainder are left to scramble for the remainder of the custom.
It isn’t just the old high street bookies like William Hill and Betfred that occupy the top spots in the biggest betting company leagues. Many early online just bookmakers have already beaten the older land based operators, such as Bet365, and the world’s largest and first online exchange, Betfair. Mergers between already large companies like Ladbrokes and Coral and Betfair and Paddy Power has created behemoth bookies. The future of bookmaking in the UK is in the equilibrium as it risks getting a monopoly of some very few massive businesses, very much like the energy markets.
In this report we also examine the development of the UK gambling industry, the dimensions of the profits made along with the progressive switch to online gambling and gaming.