Many gambling companies are running success stories today. Whether it is in the UK or in other countries of the world, online gambling is catching on. Though many countries do restrict online gambling, they are opening up these avenues as well. That is mostly due to the growing popularity of online gambling. Gone are the days when unlicensed operators ran such websites. Today, Aspire group casinos and others are setting up legitimate, licensed operations. All of them offer reliable payment options, payouts, fair gaming practices, and more.
Here we take a look at gambling market sizes in countries like the UK. Also, what it takes for casino companies to start their online operations.
Gambling Activities in the UK
Statistical findings and revenue figures are abundant in the gambling market in the UK. Indeed, this country has been the birthplace of sports betting, especially bookmaking. Some key highlights of this market are the following:
- Revenues have declined overall during this period, largely due to the pandemic disruption
- Online activities did increase during this period
- Revenues in this sector have been about 15.9 billion pounds between 2018 to 2023
- More people are prone to sports betting here
- UK gamblers like to bet on horse racing and football primarily
- Major gambling operators in the UK are William Hill, Camelot UK Lotteries, Entain plc, and Flutter Entertainment
How Online Start-Ups Happen In Gambling
The increase in casino group companies showcases success and profitability in this sector. Also, companies are finding it easier to get licenses from different international bodies. Here we take a look at what are the key steps these companies take to set up and run casino websites.
Tie Ups with Licensing Bodies
A company that wishes to run online casinos needs to get the proper licenses in place. For instance, it could be local, or regional licenses. Or it could apply for international licenses. Today, many international licensing authorities have made it easier for companies to start such operations. That is, all they need to do is register an office in their locations. After that, they need to file for licenses as per the games the casinos will run. Additionally, these gaming authorities have consultants to help applicants. Hence, it is easy for international companies to get licenses under authorities such as Malta Gaming or Curacao Gaming. Also, these licenses allow the casino sites to have a valid international presence.
Partnerships with Software Brands
Once a licensing regime is set up, an online gambling company needs software brand tie-ups. That is, these are the software vendors who provide the games for gambling. Today there are aggregator platforms and solutions available. That is, a single aggregation agreement gets a company access to several software vendors. All their licensed games then become available at the sites. What’s more, the software brands offer their own payment and support systems. All such setups are easy to set up and monitor with cutting-edge technology available online.
Payment Gateways
This is the other important aspect that online operators need to focus on. Today there are solution providers who help casino companies set up their payment gateways smoothly. What’s more, casinos can offer a wide variety of payment options. These could include fiat and cryptocurrencies as well. There are several solutions providers who specialize in casino payment processing. Many casino companies often set up subsidiaries to handle payments and operations. This helps streamline such operations. All such information is usually mentioned in the terms and conditions of the casino sites.
Bonuses and Other Features
We find most of online casino sites growing their catalogue of games. Many of them start off with thousands of titles. Again, they offer novel bonuses and promotions. All this and more come as a ready package, even in brand-new casino sites. All these are possible due to the advanced technology and services in this industry. That is, there are dedicated aggregator service providers for casino operators. Hence, a simple tie-up gets a website set up with the entire package. The aggregate set of services includes payment gateway monitoring, games catalogue setup, and orientations. That is, there is seamless orientation between the different service providers. Hence, casino companies can go on adding more casino sites in an easy, seamless manner.
Final Thoughts
UK is one of the countries that has spearheaded the world of gambling. Today its gambling and betting services revenue portfolio continues to grow. Online casinos are contributing more and more to this revenue. That is the case in most countries of the world. Today it is becoming more lucrative for online casinos to set up bets. That too, they are legitimate and licensed from the very beginning. Hence, it is apparent that safe gambling online is fast becoming a popular entertainment choice for many.
