New regulations have been implemented by the UK Gambling Commission designed to provide more player safety around the activity of online casino games.
The UK Gambling Commission does not have a global mandate to enforce its regulations in other licensing territories but no doubt it will impact on those Casinos that are specifically licensed in the UK.
The regulations due for a October 31 start date will include (among others) the limiting of spin speeds, and banning the practice of reverse withdrawals, where players reuse the funds previously queued up to withdraw. This is a practice well known to seasoned players knowing that some Casinos intentionally drag out the process for this purpose. There are more regulations, read the Commission’s full article link below.
The Gambling Commission provided this statement on its position: “There is evidence to show that reverse withdrawal functions present a risk to players because of the temptation to continue gambling. In addition, the slot features being removed or more closely controlled have been associated with increased intensity of play, loss of player control or binge play.”
The new regulations have been endorsed by Sports, Tourism and Heritage Minister Nigel Huddleston, who believes it will “help curb the intensity of online gambling, while introducing greater protections that will reduce the risk of gambling-related harm”.
This follows on from the Gambling Commission’s earlier ban on the use of credit cards to fund accounts and place bets, designed to prevent the increase in problem gambling.
Neil McArthur, the Gambling Commission’s CEO previously stated that: “Credit card gambling can lead to significant financial harm. The ban that we have announced should minimise the risks of harm to consumers from gambling with money they do not have. We also know that there are examples of consumers who have accumulated tens of thousands of pounds of debt through gambling because of credit card availability.”
Mr McArthur also goes on to say: “There is also evidence that the fees charged by credit cards can exacerbate the situation because the consumer can try to chase losses to a greater extent.”
—
If there is any further news on the UK Gambling Commission’s roll out of these forthcoming regulations, we will provide an update.
To read a complete analysis of the proposed regulations, go to the UK Gambling Commission’s page on this topic:
Click here.
To read the summary of Consultation Reponses:
Relevant News

Unregulated Simulation Casino Games in Australia: A Breeding Ground for Problem Gamblers?
Unregulated Simulation Casino Games in Australia Australians are spending hundreds of millions of dollars annually…

Voters in Liechtenstein Reject Casino Ban
The microstate of Liechtenstein will continue to be known as the Las Vegas of the…

Texas Voters to Decide on Legalizing Casinos
State representatives from Texas have been pushing for the legalization of gambling in The Lone…

A Ferris Wheel and a Casino Near the UN
As the race for the three New York City casino licenses heats up, new and…

Las Vegas Casino Revenue Hits Record Levels
Las Vegas casinos have reported record revenue figures for the second straight year despite rising inflation and…

Montreal Player Triggers $3 Million Jackpot
A lucky Montreal gambler won more than CA$3 million (US$2.24 million) after he was dealt a royal…
Login
Register