Gambling Businesses Decline and Online Gaming Rises

The easy online access via smartphones cast a shadow over retailers in many sectors. And the gambling businesses in the UK, are not exempt from this trend. Indeed, the numbers of betting shops, casinos and game arcades drop at an alarming rate. And, rising rental prices also contribute to their Gambling Businesses Decline and Online Gaming Rises

But, even if their closure means loss of growth, can we stop the change in the way we consume in the new age?

Climbing Rents

Punters do spend more time online, than ever before. And this change of habits was reflected in gambling businesses in Denbighshire quite hard. According to the Office for National Statistics, their number indicates that 2010’s figures dropped from 30 down to 25 active locations.

These establishments include casinos and amusement bars. But estimates put down about 75% of them as betting shops. And owners blame it on rental costs and the growth of online gambling as the main reasons for the decline. “High street betting shops also face similar issues to other retailers. For example, competition from other forms of gambling. Or, the increasing costs of rent and business rates,” said their spokesperson.

Users Move Online

What’s more, the Association of British Bookmakers predicts many more will go bust. “Between 3,000 and 4,000 betting shops will close by 2020. And it will result in 15,000 to 20,000 jobs lost,” the association’s representative added. Additionally, another aspect contributed to their hardship. In essence, the government clampdown on fixed odds machines imposed a drastic measure.
Surely, nobody can change new user habits.

The massive rise in online gaming is a matter of fact. But some of the retailer’s arguments find support among other industry players, too. Gamble Aware, warns about the rising use of smartphones. According to them, it makes access to gambling even easier. “There are no statutory limits to stake values online. And they permit the use of credit cards,” said Marc Etches, the charity’s chief executive.