A Safe Bet for UK Gamblers23rd September 2020 |
The UK is a leader in gambling — online and at physical locations — and the sector is worth around £14.3 billion every year, according to the most recent figures from the gambling ombudsman, the UKGC. This figure was compiled from October 2018 to September 2019 and includes gambling and betting at casinos and shops as well as bingo and local and national lotteries.
That’s because lots of people have discovered the best live casinos on the internet where they can bet and play their favourite games. They can do so via desktop, laptop, tablet and smartphones as a growing number of casino operators have developed and launched fun and user friendly sites that are compatible with the every day ‘pocket-device’ of recent times.
Clamping down and Cleaning up
The Gambling Commission has been introducing rules in the last two years that have seen rogue casino operators either shut down or issued with hefty fines. It wants a fairer playing field for those who use online casinos and to keep young people away from them and to ensure that those who have a problem with gambling are not permitted to use them.
The commission has also banned the use of credit cards for online gambling, arguing that people should not be placing bets with money they do not have. The ban, which came into effect in April, prevents the estimated 800,000 people in the UK who had been using credit cards to gamble from doing so. “Credit card gambling can lead to significant financial harm. The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have ” commission chief Neil McArthur said in announcing the prohibition earlier this year.
Other Measures to Make Online Gambling Better
Along with fines and bans, the gambling commission has also brought in measures relating to how online gambling operators advertise their products — particularly so that ads shouldn’t be misleading or appeal in any way to children. Online casinos are also required to have stringent age-verification procedures so that youths cannot set up accounts and start gambling.
Additionally, online casinos must act fairly in how they handle their customers’ cash. They can’t hold onto cash or be slow paying out winnings, for instance. Instead, money must be handed over promptly. It’s all part of making the online gambling experience safe and enjoyable for all and keeping those who shouldn’t be gambling away from sites.
In the years to come, it’s surely a safe bet online gambling in the UK will be bigger and better than ever.
Lenny’s Last Word
As you can guess from our previous articles – Anything online operators can do to safeguard the enjoyment of the industry works well for us. More awareness is great and as an industry, we need to be working together to continually drill this home.
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