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Consultant: U.K. Could Gamble Into Top Online Spot7 December 2001UNITED KINGDOM – Dec. 7, 2001 –As reported by the Zdnet: "Although the U.K.'s broadband rollout is trailing behind all other technologically advanced European countries, the country could lead Europe in online consumer revenues by 2005 thanks to its relaxed attitude to gambling, according to research by Schema Consulting. "Germany has the DSL highest penetration by far, with around 3 percent of its lines converted. By contrast, the U.K.'s 0.3 percent is behind every country except Greece, Ireland, Portugal and Luxembourg. "…[David Brown, Schema president] predicts that $38 billion will be spent on online entertainment in Europe in 2005. The figure is based on an estimate that online entertainment will make up 6 percent of entertainment spending, which itself will make up 8 percent of the $8 trillion of disposable income in Europe in that year. "Online gambling will be the largest sector, says Schema, making up 39 percent of the total, with multimedia second at 29 percent and games providing 13 percent. "Surprisingly, the U.K. will take 35 percent of the overall spend, said Brown, because it is more accepting of gambling--other countries are more likely to have laws restricting it…" |