City analysts claim that the UK is currently in casino frenzy and that the rush to build new casinos across the country will lead to oversupply.
There are plans for more than 90 new casinos that will be added to the 140 casinos that are already operating.
The British gambling commission is checking 62 new applications and there are plans for more.
Analysts said that since the commission has not refused even a single application for a new casino in the last five years there are big chances for oversupply in the industry.
Some analysts say that although they expect an oversupply in the first phase, eventually, the demand will catch up, especially if the casino operators will increase advertising.
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