The long-awaited white paper on gambling reform has finally been published, but there is still a lot of work to be done, so the British Gambling Commission (UKGC) is working with the government to implement the review.
UKGC announced four consultations. The consulting is scheduled to take effect in July 2023 and includes several topics covered in the white paper. Remote game design provides financial risk, in-house age verification, additional control over direct marketing transmitted from the site to the customer, and vulnerability checks for remote operators. 파칭코
The deadline for these consultations is expected to be around October this year.
The White Paper dealt with a wide range of issues related to gambling in the UK. Some affect track and field stadiums, but most of the focus is on online casinos. It was not covered by the Gambling Act 2005. The new proposal therefore aims to introduce the UK’s gambling laws into the digital age.
The offer includes setting a low equity limit for online casino games. This was welcomed by anti-gambling activists, but not by operators who run online casinos in the UK. The move was seen in high street bookstores and led to lower profits and layoffs. Similar actions taken against slot games in online casinos will have a serious impact on earnings figures.
The Executive Director of the UKGC is Tim Miller. He said in the review that it would be “a few years’ work” to fully implement the proposal. An important reason for this is to “evaluate the impact of any change.” But the UKGC still stressed it was ” determined to make progress at a rapid pace.”
This is in conjunction with the routine work of ensuring that those licensed by the UKGC comply with the prescribed rules. Failure to comply will result in continued crackdowns. UKGC has already fined gambling companies millions of pounds.
The Tories took the time to get to the point where the White Paper was published. Their intention was to announce it last year, but the chaos in Downing Street changed it all. There were more delays before it was finally published in April 2023.
The UKGC is the legal adviser to the Secretary of State on gambling. This has seen them play an important role in reviewing British gambling laws. They have spent a long time collecting evidence used to determine the final content of the White Paper and more will be collected in the coming months.
One concern is the bonus provided by the site. The British gambling industry is a very competitive sector. Online casinos are an ongoing battle to attract and retain new customers. Attractive welcome bonuses are offered first, followed by more offers to ensure customers continue to visit the site. The UKGC is concerned that some proposals are not as good as it sounds.
For example, there are concerns that high betting requirements can make it difficult to recoup bonuses, and that bonuses offered can lead to excessive or harmful gambling.
A key area of the white paper is the need for economical testing of potentially vulnerable customers. Is it being paid in online casinos at a level that customers can actually afford? The white paper calls for more tests depending on how much players are gambling and how much they lose. For young gamblers, the amount will be lower.
In recent years, UKGC has attempted to identify customers with high levels of consumption and high losses. Otherwise, action will be taken soon.
While some people support the move, there are concerns that it may lead some gamblers to head toward unregulated gambling markets. Online casino customers who have no gambling problems oppose any economic tests conducted against them.
UKGC CEO Andrew Rhodes believes the white paper contains a “consistent package of proposals.” We believe that these proposals “can significantly support and protect consumers and improve the industry’s overall standards.”
Will everything go smoothly? One factor to consider is the upcoming general election. It is likely to take place in the second half of 2024. If you want to believe the current polls, the regime could change in the general election. Returning to a Labour government may change your mind about gambling laws.