iGB Intelligence reports iGB Market Monitor June 2017 | Page 7

Part 2: The UK market overview: at a crossroads Part 2 The UK market overview: at a crossroads For those following the (mainly) ups and downs conditions of the offers and sign-up bonuses of the UK online scene, there can be little doubt set by gambling operators and the Information that 2017 is likely to represent a turning point for Commissioner’s Office (ICO) investigation into the market. As we will discuss shortly, we know how operators handle player data are set to that in terms of revenues reported by the UK report later this year. Gambling Commission there are suspicions the Meanwhile, for the first time, the nature and upward trajectory that has been enjoyed of late is frequency of TV gambling advertising has been beginning to show signs of — at the very least — a included in the UK’s much delayed Triennial slowing down. Review. That is due to report imminently and On the regulatory front, meanwhile, operators could have a profound effect on how the online are under pressure. The failure of the case gambling marketers go about their business in the brought against the UK government by the years ahead. Gibraltar Betting and Gaming Association (GBGA) On top of that, recent regulatory actions – over the introduction of the Point of Consumption notably the news in May that the Commission is (PoC) regime – and its accompanying tax – may currently undertaking a licence review of online well have been expected. But much as with casino operator 888 – have made it abundantly the European Commission’s official okaying of clear that the body means what it says when the new levy regime for horseracing, the ECJ’s it suggests operators need to be able to prove decision gives a somewhat final seal of approval more readily via their actions that they are indeed for the UK government’s approach towards abiding by the Commission’s remit to put the gambling policy even as the country looks to plan consumer first. The subsequent silence from the Commission for Brexit in less than two years’ time. That approach is assuredly getting tougher. The on the 888 case has done nothing to dispel the current inquiries on the part of the Competition fear that the regulator is looking to signal to the and Markets Authority (CMA) over the terms and rest of the market an instance of licensing tough Casino product breakdown - year to Sept 2016 love via a potentially high-profile example. All this occurs against a backdrop of a squeeze GGY taking place on consumer spending caused by an Card game 176.5 uncertain economic backdrop; inflation in the UK Other 166.6 is now at 2.9%, outstripping wage growth in the Peer-to-peer 99.3 year to April of 1.7%. Slots 1581 Table game 377.9 Total 2401.3 Source: UK Gambling Commission iGaming Business Market Monitor • June 2017 Without a major football tournament taking place this summer, it is easy to see why the prognosis for the UK online market for the rest of the year looks mixed. 4