UK’s Gambling Commission records 7% rise in gross gambling yield

iGaming Business – The Gambling Commission, the regulatory body for the majority of gambling in Great Britain, has cited non-remote betting as the catalyst behind a 7% rise in gross gambling yield (GGY) between April 2012 and March 2013. In its Industry Statistics publication, the body said the British gambling industry generated a GGY of £6.3 billion (€7.4 billion/$10.1 billion), a rise of more than £400 million compared to the period between April 2011 and March 2012. The Commission also noted in its report that non-remote betting is proving to be the most popular form of gambling in the UK,…