The Great Debate UK

Online gaming market on the verge of an explosion



-Richard Law is CEO of GB Group. The opinions expressed are his own.-

Online gaming is currently experiencing exponential growth and all the signs are there for this sector to sky rocket over the next few years. This is particularly relevant in Europe, where governments are seeking to capture tax revenues by regulating online gaming.

A recent report by KPMG entitled ‘Online Gaming: A Gamble or a Sure Bet?’ echoes this statement, stating cash-strapped governments around the world may consider relaxing current online gaming rules and restrictions in order to provide a much needed boost to tax revenues.

The global report reveals that where technology and social media are driving new forms of online entertainment, the likely move by some countries to bring internet gaming revenues on-shore, could soon see what has in some cases become an underground economy go mainstream.

Figures released in February by the UK National Gamers Survey Report revealed British gamers spent 280 million playing online casual games in 2009. Similar studies carried out in other countries revealed that French players spent 220 million and Germans 440 million over the same period.