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The DCMS is to reportedly furthermore look into the prospect of requiring licensed iGaming firms to slow the speed of slot spins and submit to a revised testing regime that could set bespoke wagering limits for individual games.Industry unease:The Guardian reported that the upcoming review has prompted concern from numerous online casino and sportsbetting firms with the Betting and Gaming Council lobby group warning that the implementation of overly-strict rules may well fuel the emergence of a parallel market featuring negligible customer safety protocols. This is an essential element to ensuring the further growth and success of the Tote and increasing the role it can play in supporting British racing....
The nation’s current ‘while-label’ licensing system is to purportedly likewise be examined in an effort to create a more responsible and accountable iGaming landscape.According to a Friday report from The Guardian newspaper, the evaluation of the Gambling Act 2005 is due to be conducted by the Department for Digital, Culture, Media and Sport (DCMS) amid mounting concerns regarding online gambling’s role in wider society.Imminent introduction:Insiders reportedly told Sky News that UK Tote Group now expects to use the fresh capital to strengthen its balance sheet and fund its entry into the domestic football betting scene....
The move will purportedly no doubt also be welcomed by advocates for tighter regulations, which include a group of more than 50 parliamentarians alongside those who may be recovering from an addiction to gambling. The source furthermore detailed that the operator is hoping to debut a new soccer-facing service early next year before possibly growing this facility to incorporate markets on other sports such as athletics. This is an essential element to ensuring the further growth and success of the Tote and increasing the role it can play in supporting British racing....
Possible protections:The Guardian reported that the enquiry could well result in iGaming operators licensed in the United Kingdom being obliged to introduce maximum stake levels in addition to monthly loss ceilings.The DCMS is to reportedly furthermore look into the prospect of requiring licensed iGaming firms to slow the speed of slot spins and submit to a revised testing regime that could set bespoke wagering limits for individual games. This is an essential element to ensuring the further growth and success of the Tote and increasing the role it can play in supporting British racing....
The source furthermore detailed that the operator is hoping to debut a new soccer-facing service early next year before possibly growing this facility to incorporate markets on other sports such as athletics. The move will purportedly no doubt also be welcomed by advocates for tighter regulations, which include a group of more than 50 parliamentarians alongside those who may be recovering from an addiction to gambling.Possible protections:The Guardian reported that the enquiry could well result in iGaming operators licensed in the United Kingdom being obliged to introduce maximum stake levels in addition to monthly loss ceilings....
