In this category, the main contributor of revenue is betting in football matches which accounts for 56% of the earnings (IBIS World, 2015). However, the trade condition that has been put forward by the authorities is quite tough as the duties on gaming machines are reflecting a very high rate of 25%. They have also set a rule regarding maximum betting tariff which is £50 for each game. Similarly, the Gambling Commission has also published a report in which they mentioned the revenue generated by the fixed gambling machines. As per the data collected, the gross profit generated was £1.42bn from the machines in a single year, which represents the weekly profit from each machine as £825 (IBIS World, 2015). The UK gambling industry is well established as well as growing.
Various companies are trying to gain the maximum market share, but there are a few which are firmly holding the grounds. As previously discussed, gambling industry contributes a significant amount towards the economy of UK and companies are getting more profitable along with period. The current report will cover the three major players of the UK gambling industry i.
Ladbrokes Plc, William Hill Plc, Rank Group Plc. It is one of the largest gambling companies in the UK, which owns about 2256 retails. It is based in London and is listed in London Stock Exchange. The company operates into four segments which are UK retail, Digital, European retail, and Telephone betting. The major contributor towards the revenue of the company is the UK retail operation which earns almost 70% of the organization’s net revenue followed by digital betting, European retail and telephone. Being the major revenue earner for the company, the UK retail operation contributes an amount of £811.5m which includes an increase of 0.7%, but the profit before exceptional items decreased to £119.3m which is a 10.
However, the company is also investing in the Australian market by acquiring a gambling firm over there to increase their profit (Ladbrokes, 2014). It is one of the most famous as well as reputed company based in London which acts as a turf accountant for most of its client who bet on sports or the odds.
This company have its main offices in the UK, Gibraltar and Ireland where it employs approximately 16,601 people. The company has 2300 licensed betting offices. The company is very high on its revenue and even
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