Development
The opportunity for growth in the betting shop sector is very
strong.
An imbalance of demand versus supply has occurred, caused
by an industry boom since the abolition of tax on the customer's
betting stakes in October 2001 and the continued overall deregulation
of the UK betting industry.
The big players in the market will have us believe there is
no longer a place for independent bookmakers and that it is now
an industry for national companies.
Very interesting view point, but surely we would all have
similar aspirations if we were a major player in a once tightly
legislated industry that was to have its legislation relaxed,
and actively promoted by the government of the day?
If this were true then ask yourself, why is it that over the
past five years the unit cost to the big companies when acquiring
betting shops has increased substantially?
There are elements of increasing their numbers as a driver
but primarily its about buying up the competition to control
the marketplace.
Saturation is a concern to the market. Fixed Odds Betting
Terminals have far outstripped anyone's estimations and continue
to be a massive growth product for the shops. They will in time
find their level and only then will we know how the land lies
in relation to this.
However, for the foreseeable future, the Development and the
Acquisition of betting shops is a high priority for all in this
marketplace of opportunity.
"It's no longer about the big beating the small;
it's about the fast beating the slow"
Larry Carter, CEO of Cisco Systems
Site Finding
At atlas we offer expert
site finding services designed to target prime pitches for use
as licensed betting offices.
Using our database of knowledge and experience, along with
our excellent contacts within the property industry, we are confident
we have the tools to help you locate, negotiate and complete
on the best deals available.
In a lot of cases, the properties we have on our database
are properties that are not on the books of agents but are sourced
through direct contact with landlords.
Licensing
The existing system and the new gambling legislation, due
to come into effect in 2007, hold no fears for us here at atlas.
Making permit and licence applications can be daunting. However,
at atlas we have the services
and expertise to guide you through these processes hassle free.
Preparation for applications such as information gathering,
presentation for hearings and tactical solutions are second nature.
Instructing reputable solicitors and working closely with
them to package the best application or objection can be tailored
to your specific requirements.
At atlas we can provide a full range
of services to help you make the right decisions. Contact us for more
information.
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