"With an estimated annual revenue of over £139 billion, the gaming industry is one of the biggest and most successful in the world. There are enough games out there to appeal to a wide range of people, from every background and walk of life and with so many genres of games to choose from, it makes sense that the industry should be so popular."
"Firstly, iGaming refers to any kind of online gaming that includes making real-money wagers. Starting a business in this area has all the same challenges that will be explored later in this article, with the added consideration of the extensive licensing and compliance requirements. The UK has some of the most advanced online casino regulatory bodies out there, and obtaining a license is highly competitive. With this in mind, many UK business owners turn instead to establish offshore casinos that are not restricted by GamStop."
The gaming industry generates over £139 billion annually and attracts a broad audience through many genres. The industry comprises multiple sectors, including iGaming, video games, and mobile gaming, each requiring distinct skills and strategies. Entrepreneurs must identify a clear niche before launching. iGaming involves real-money wagers and demands extensive licensing and regulatory compliance in the UK, making licenses highly competitive. Many operators choose offshore licensing to access larger audiences and avoid GamStop restrictions. Offshore platforms can offer gambling opportunities not available on UK-based sites, potentially expanding market reach and product variety.
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