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Recap 2009: UK Edition

Looking back a the UK over the past year is a pretty positive experience for the most part – the country has experienced a growth spurt within the online casino gambling industry that even last year’s economic recession could not fully touch. The economy was a rough spot for gamblers all over the world, but despite the economic concerns, many UK gamblers continued their gambling habits. Although year-on-year revenues were a bit down from predictions as a result of the recession, the vast majority of online casinos announced steady but slow growth at their internet gaming sites.

One key point of contention within the UK has been the fact that the state government has yet to fully change the double taxation structure that forces online casinos licensed out of the UK to pay double the amount of taxes that foreign licensed sites have to pay. This adds up to quite a hefty sum and internet gambling companies complained about these taxes sending the online casino gambling groups into the red. Several key gambling companies have actually already left the UK for licensing and moved to more favorable tax jurisdictions.

And no look at the UK online casino gambling market would be complete without a mention of the rise in internet bingo. Although poker and chance gambling bring in more revenue than the other sectors of the market, bingo’s star is rapidly rising within the UK and this sectors of the market performed outstandingly throughout 2009. Several popular bingo sites have launched into the UK market this year and have found a strong foothold in the eager and waiting UK bingo market.