Economists Attribute UK Recovery to Online Gaming Technology.
Tuesday, February 8th, 2011 - Emily W
A recent report in The Telegraph shows the positive correlation between economic growth and technological innovation. Today, computer technology drives our lives, and we depend on it to carry out everyday tasks and entertain ourselves. According to Enterprise Editor Richard Tyler, countries boasting the most technological innovation stand miles ahead of their peers, especially in terms of economic growth.
He states that the UK presents a booming market for online gaming operators. As the country was one of the first to embrace the activity, the UK gained a leg up on others by getting a head start on developing software for the industry. Now, some of the most popular and technologically-advanced online gaming sites are based in the UK, encouraging operators from around the globe to bring their business across the border.
BetFair has recently become one of the industry’s first companies to be listed on the London Stock Exchange, a development that secured the market a place in the economic shuffle. Many more online gaming companies are considering getting listed, as gaining investors can only help to foster the growth of the UK’s online gaming industry.
Gaming is also a market that directly benefits governments, as a great deal of tax revenue is generated from lottery profits. As the online gaming market continues to grow in the UK, so too will the economic growth of the UK at large.
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