UK gaming market defies retail sector's challenges
Gaming remains a bright spot in the struggling world of retail. The UK games market achieved more than £5bn worth of sales in 2017, up 12.4% on the previous year according to figures from trade body UK Interactive Entertainment.
Most of the sales came from game software, helped by the launch of Nintendo’s Switch console. Strength in this market is relevant to three UK-quoted companies: Keywords Studios (KWS:AIM), Sumo (SUMO:AIM) and Game Digital (GMD).
The first two companies assist in the development of games through the provision of various services. Game Digital sells the products.
Video games publisher Codemasters is rumoured to be heading for the UK stock market in the very near future.