Feeds

Women warm to online betting

Females who like a flutter

  • alert
  • submit to reddit

Boost IT visibility and business value

Online gambling in the UK has grown 566 per cent since 2003 and the fast growth is mainly due to a big increase in the number of women betting online. In the early 90s, women represented just four per cent of gamblers but now 20 per cent of British women visit an online casino or betting site more than once a year.

The survey was carried out by 888.com - an online casino owned by Cassava Enterprises. Gibraltar-based Cassava and PartyPoker are both considering floating on the London Stock Exchange. PartyPoker has appointed Dresdner Kleinwort Wasserstein and Investec to look at its options.

Online casinos are seen as a big money opportunity although there are concerns they might suffer from changes to the tax regime in Europe. The US authorities consider cross-border gambling illegal but the WTO recently ruled in favour of such sites.

Earlier this month the Isle of Man changed tax rules to encourage more gambling websites to set up on the island. Gibraltar, with its equally friendly tax regime, has also seen a boom in online bookies and casinos.

Online poker is one of the biggest money pots on the web - sites bring $2m to $2.5m a day. In the course of a year more than $16bn is bet on internet poker games. New technology has helped push Britain up the gambling tables - the UK is now the fourth largest gambling nation in the world.

More detail available from AFP here. ®

Related stories

Casino rents eBay cleavage for £422
Yahoo! bets on Betfair
UK betting exchanges face taxing future

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.