England is one of the most developed gambling countries, where casinos and other forms of gambling are officially allowed.
Legislation in the UK encourages entrepreneurs engaged in the gambling industry. Local businessmen pay tax at low interest rates, non-residents are exempted from most financial costs and commissions.
In terms of terminology, iGaming is any form of betting made online on a game or event. iGaming covers sports betting, online slots and online casinos, poker and cyber sports.
Between 2020 and 2021, the online gambling industry in the UK will bring in £6.85 billion, up from £5.79 billion a year earlier.
is exactly the kind of licence that specifies the occupation. Licences in the UK can be obtained for:
- Arcades (amusement arcades);
- Land-based (offline) and online betting (pool betting, betting on real and virtual events, betting software);
- Bingo offline and online;
- Casino offline and online;
- Offline and online gambling software;
- Slot machines offline and online;
- Lotteries offline and online.
Personal management licence
it will be required if a person performs more than one of the functions listed below:
- Defining overall strategy and implementing activities;
- Financial planning, control and budgeting;
- Marketing and commercial development;
- Regulatory Compliance;
- Gambling-related IT provision and security.
Management of licensed activities where you have five or more premises for which you have a licence to play bingo and/or casino games.
According to research firm Technavio, the UK’s iGaming industry is part of a global network worth $565 billion.
iGaming traces its history back to 1994, when Microgaming created the first computer software for online casinos and developed the first iGaming website.
In 1996, the Kanawake Gambling Commission was created to regulate online gambling worldwide. By the end of the decade, online gambling was booming and the industry had an estimated revenue of £830 million.
In 1998, the UK launched its first online betting service with William Hill.
By 2005, the Gambling Act was passed, which allowed casino advertising in the UK and made gambling legal, as long as it was controlled.
Now, in 2022, there are major iGaming companies – Intouch Games, William Hill and Mr Green – which continue to develop online gambling in the UK.
Over time, iGaming has become a big competitor to the land-based sector. Online casinos have set out to offer something more than just a gaming experience.
With the development of technology and mobile devices, the move to mobile gaming was inevitable. Apple launched its App Store in 2008, and by 2020, UK consumers will have spent an estimated £1.5 billion on mobile gaming. In addition, HTML5 technology has made mobile gaming faster and easier.
Online slots have also improved their graphics and themes. They have become more than just replicas of classic slots, you can now find a large number of games with Egyptian, Irish or horror themes.
Furthermore, it’s worth noting that most online casinos also offer tempting bonuses for registering or even playing regularly.
It is worth noting that the online gambling market in the UK is projected to grow by more than $80 million by 2024. The introduction of cryptocurrency in online transactions or the expansion of augmented and virtual reality could also change the paradigm of the iGaming industry.