Connect with us

Business

UKGC Problem gambling stats indicate minimal change

Published

on


The regulator has decided to discontinue the quarterly telephone survey, which will be replaced by a new “Gambling Survey for Great Britain that is scheduled to be released in November this year. The survey is conducted by Yonder Consulting and comprises a nationally representative sample of 4002 adults aged 16 or above who were interviewed via telephone in March 2023.

The data obtained from the survey conducted by Yonder in March 2023 showed insignificant variations from the figures reported in the same period the previous year.

There has been no significant statistical change in problem gambling rates in Marc

The percentage of problem gambling, as measured by the Problem Gambling Severity Index (PGSI) short form, remained statistically unchanged at 0.3% based on the latest report, despite being 0.1% higher than the previous period’s 0.2%. However, due to the small sample size, there is little statistical variance between the numbers.

The moderate and low-risk rates remained stable at 1.2% and 1.8%, respectively, when compared to March 2022. However, in absolute terms, these numbers were higher than the prior year’s rates, which were 0.9% and 1.4%, respectively.

Advertisement

The in-person gambling participation rate remained consistent at 27%, the same as in March 2022. Nevertheless, this percentage is considerably lower than the pre-pandemic figure of 35%.

Similarly, the online gambling participation rate showed little change from the previous year, with 26% of UK adults engaging in this activity, the same percentage reported in March 2022.

The telephone survey conducted by the Gambling Commission reveals significant trends over time

A new methodology developed by the National Centre for Social Research (NatCen) is set to replace the telephone survey. Despite concerns that the new survey may oversample problem gamblers, the Commission approved the project following a successful pilot in May 2022.

Yonder, which has been responsible for conducting the data collection effort since 2016, released a report analyzing the survey’s key trends over its lifetime. While there have been some variations in participation over the period, Yonder noted that overall gambling participation rates did not show a “dramatic or sustained” increase, with rates being “significantly higher” in 2016 than in 2022 and 2023.

Advertisement

The Covid-19 pandemic had a significant impact on in-person gambling activity, with rates yet to return to pre-pandemic levels, especially for lottery participation.

Over a period of seven years, there has been a consistent increase in participation in online gambling

National Lottery ticket purchases have shifted from in-person to online, with online methods now being the most popular. However, individuals aged 65 and over still prefer in-person ticket purchases.

Online gaming participation has grown steadily over seven years, with older age groups experiencing the largest increases. While men are more likely to bet online than women, both groups have seen an increase in participation.

One concerning trend is that the proportion of individuals who believe that gambling is conducted fairly and can be trusted peaked at the beginning of the period and has since declined. Trust reached significant lows from Q3 2019 to Q3 2020 before stabilizing in the subsequent period.

Advertisement

On a positive note, the proportion of individuals classified as moderate and low risk has significantly decreased since the end of 2020. The proportion of problem gamblers peaked in Q3 2016 and has remained stable since then.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

FDJ’s Acquisition of Kindred Group Shaping the Future of Global Gaming

Published

on


FDJ’s acquisition of Kindred Group, facilitated by regulatory approval and strategic shareholder engagement, signifies a transformative moment in the gaming industry. This deal exemplifies the intricate balance between regulatory compliance, shareholder value, and strategic growth ambitions. As the industry stands at the cusp of further consolidation and innovation, the FDJ-Kindred transaction heralds a new era of strategic realignment and competitive positioning in the global gaming landscape.


A Monumental Shift in Gaming Dynamics

The Swedish Financial Market Supervisory Authority (SFSA)‘s approval of Française des Jeux’s (FDJ) offer to acquire Kindred Group marks a pivotal moment in the global gaming and betting sector. This green light not only accelerates FDJ’s strategic expansion but also underscores the evolving landscape of international gaming regulations and corporate alignments.

Navigating Regulatory Waters

The SFSA’s endorsement is a crucial step in FDJ’s ambitious acquisition plan, setting the stage for a public offer slated to commence imminently. This regulatory approval highlights the meticulous scrutiny and compliance standards governing mergers and acquisitions within the sector, ensuring that such transactions align with market stability and shareholder interests.

A Call to Action for Kindred Shareholders

The forthcoming Extraordinary General Meeting (EGM) represents a critical juncture for Kindred Group, with proposed statutory amendments necessary for facilitating the acquisition. This meeting, aimed at achieving the requisite shareholder consensus, signals the importance of shareholder engagement in steering corporate direction and strategy.

Advertisement

The Path to Acquisition: Shareholder Conviction and Strategic Vision

FDJ’s pursuit of Kindred Group, contingent upon securing 90% of total capital, reflects a strategic maneuver to consolidate its position in the global gaming market. The offer per share, valuing Kindred at approximately €2.6 billion, has garnered unanimous board endorsement and significant shareholder backing, illustrating the alignment of strategic interests and the perceived value of this consolidation.

Activist Influence and Strategic Realignment

The role of activist shareholders, notably Corvex Management, in advocating for Kindred’s sale underscores the dynamic interplay between corporate governance and shareholder activism. Their successful campaign for board representation and strategic evaluation reflects a broader trend of active investor engagement in shaping corporate trajectories.

Implications for the Global Gaming Industry

This acquisition not only exemplifies the financial and strategic considerations underpinning such deals but also highlights the regulatory complexities and shareholder dynamics involved. As the gaming industry continues to evolve, driven by technological advancements and regulatory changes, the FDJ-Kindred merger serves as a case study in strategic growth, market consolidation, and the pursuit of competitive advantage.

Advertisement

Continue Reading

Trending

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.