Gambling Operators’ Share Value Falls Following UKGC Revelation for Upcoming Review of Online Casinos Maximum Stakes

Gambling Operators’ Share Value Falls Following UKGC Revelation for Upcoming Review of Online Casinos Maximum Stakes

The share price of British gambling operators has declined in value following the revelations of the UK Gambling Commission (UKGC) that it would consider reducing the maximum stake allowed on online casino games to £2, in line with the one imposed on land-based fixed-odds betting terminals (FOBTs). As Casino Guardian already reported, Neil McArthur, CEO of the UKGC, has revealed to an all-party parliamentary group of Members of Parliament, investigating the possible harm inflicted by betting. The consideration process is to take up to six months. A spokesman for the…

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UKGC Set to Consider Possible Restrictions on Online Games’ Maximum Stake Limits

UKGC Set to Consider Possible Restrictions on Online Games’ Maximum Stake Limits

Yesterday, a committee of British Members of Parliament heard that the regulator of the UK gambling industry is to take into consideration possible restrictions on the stake limits for online games. The chief executive officer of the UK Gambling Commission (UKGC), Neil McArthur, revealed that he would make sure that the watchdog would consider the maximum limits allowed to be placed as bets online. A decision is expected to be made within the following six months. In November 2019, some Members of Parliament called for a maximum stake of £2…

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UKGC Discusses the Digital Challenges in Single Customer View to Make the Gambling Sector Safer

UKGC Discusses the Digital Challenges in Single Customer View to Make the Gambling Sector Safer

Gambling and technology industries experts are meeting on February 11th and 12th in an attempt to make progress on creating a sole industry-wide solution that would help British regulators to reduce gambling-related harm, especially in cases when customers own multiple online gambling accounts. The UK Gambling Commission (UKGC) is hosting a Birmingham-based event where the attendees are discussing the challenges related to the task of achieving the so-called “single customer view”. The event is being attended by more than 100 market experts. The most-recently created regulator, the Betting and Gaming…

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Australian Organisation Urges the Government to Suspend Video Games with Gambling Feature from Being Accessed by Children

Australian Organisation Urges the Government to Suspend Video Games with Gambling Feature from Being Accessed by Children

Australia-based Centre for Responsible Technology has urged the regulatory authorities to extend the classification of computer games in order to capture their design architecture expose underage individuals to gambling-based content and gambling-related harm. The suggestion was submitted to the Department of Communications review into the classification system, with the Centre of Responsible Technology saying that the expansion of what they called “addiction by design” in many games means that underage individuals being intentionally targetted by gambling operators to become addicted to gambling at a later stage. For the time being,…

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Gambling Study Regarding Gambling-Harm in New Zealand Earmarked as Biased and “Seriously Flawed”

Gambling Study Regarding Gambling-Harm in New Zealand Earmarked as Biased and “Seriously Flawed”

A reputable economic advisor has described a report commissioned by New Zealand’s Ministry of Health as “seriously flawed” and has warned that the conclusions of the report should not be trusted. The report in questions, called “Measuring the Burden of Gambling Harm in New Zealand” was made especially for the country’s Ministry of Health. It was worth NZ$319,000 at the time when prepared. Unfortunately, the respected economics advisor now claims that there are over 10 research flaws in the controversial report. According to the findings in the report, so-called low-risk…

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British Bookmakers Consider Voluntary Ban on Football Shirt Sponsorships and Aggressive Gambling Advertising

British Bookmakers Consider Voluntary Ban on Football Shirt Sponsorships and Aggressive Gambling Advertising

A parliamentary committee has heard that British bookmakers are considering to voluntarily suspend football shirt sponsorships and aggressive advertising away from the pitch. If the measure is truly rolled out, it would come as an expansion of the whistle-to-whistle ban on TV gambling advertising that was introduced in 2019. A few days ago, the Select Committee on the Social and Economic Impact of the Gambling Industry that operates as part of the House of Lords had a meeting to take evidence for some representatives of the local gambling market. Top…

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Councillor Urges Northern Ireland Authorities to Update Local Gambling Legislation to Better Serve Its Purpose

Councillor Urges Northern Ireland Authorities to Update Local Gambling Legislation to Better Serve Its Purpose

A Belfast Councillor has called for stricter action regarding Northern Ireland’s gambling legislation explaining they are not good enough to serve their purpose. According to John Kyle, the authorities need to do more in order to protect vulnerable members of society such as people who find it hard to control their gambling habits. At the time when Belfast City Council took into consideration the issue at the beginning of the week, Mr Kyle once again directed the spotlight towards the fact how challenging problem gambling is for Northern Ireland and…

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Australian Greens Call for the Victorian Government to Suspend Gambling Operators’ and Property Developers’ Contributions to Political Parties

Australian Greens Call for the Victorian Government to Suspend Gambling Operators’ and Property Developers’ Contributions to Political Parties

The Australian Greens in the state of Victoria have called for the Premier of the state, Daniel Andrews, and his Government to suspend donations made by the gambling sector and property development sector to political groups as a measure to restore the democratic process’ integrity. Earlier this morning, the donations from the 2018/19 financial year, including the ones for the elections in the state, were officially disclosed. According to reports, the Australian Hotels Association (AHA), which is currently considered an official representative of the majority of gambling establishments in the…

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Hamilton Academical Head Coach Faces 10-Match Ban from Football Following SFA Gambling Rules Breach

Hamilton Academical Head Coach Faces 10-Match Ban from Football Following SFA Gambling Rules Breach

The head coach of Hamilton Academical F.C., Brian Rice, has faced a ban from football for ten matches following a confession that he had breached the gambling rules of the Scottish FA. However, the actual ban will be imposed immediately for only five of them, while the other five are set to be suspended for good behaviour until the summer of 2021. Brian Rice faced accusations of violating the Scottish FA rules in each season between July 14th, 2015 and October 15th, 2019. The ruling was announced at an SFA…

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Fianna Fáil Pledges to Ban Credit Cards from Gambling and to Create Gambling Regulator If Making It to the Government

Fianna Fáil Pledges to Ban Credit Cards from Gambling and to Create Gambling Regulator If Making It to the Government

The Irish Republican Party Fianna Fáil has pledged to ban the use of credit cards in gambling and to impose so-called “whistle-to-whistle” bets in case it is elected. A couple of days ago, a policy paper on gambling was unveiled by the party, in which plans for some severe restrictions regarding gambling advertising and sponsorship agreements inked between gambling operators and professional sports clubs. Fianna Fáil further pledged to establish a special regulatory body to monitor and control the country’s gambling sector by the end of 2020, if it gets…

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