Digitain Awarded UK Gambling License
Sportsbook and casino provider Digitain has been granted an online gambling license in the United Kingdom.
LISTEN TO THIS ARTICLE:Digitain achieved the milestone after meeting the UK’s stringent regulatory requirements and demonstrating its commitment to responsible gaming practices.
With the license, the company will be able to provide its gaming solutions to all legal UK online casinos and expand its global footprint.
The UK license acquisition aligns with Digitain’s growth strategy as it continues to broaden its reach and enter new markets across Europe, further strengthening its position in the online gaming sector.
According to the company, it prioritizes partner success through investment in advanced technology and resources to provide unparalleled support and tailored solutions.
Market Growth and Social Impact
The UK online gambling market is one of the largest and oldest in the world, accounting for around 40% of the country's total gambling revenue. In terms of size, the UK gambling market is forecast to grow by $3.29 billion at a compound annual growth rate (CAGR) of 5.36% between 2022 and 2027.
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However, this growth didn’t come without a price. The region is also home to a large number of problem gamblers. According to a study conducted by the NHS UK’s National Health Service, over 400,000 individuals suffer from gambling disorders, with a further 1.4 million at risk of developing harmful habits.
The escalating issue of problem gambling has raised concerns, with advocates clamoring for stricter regulations to curb the spread of harmful gaming practices. Earlier this month, the government implemented a £5 stake limit on digital slot machines in the country. The measure came into effect two days after gambling firms started carrying out “affordability checks” to monitor customer losses.
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