UK to tighten rules on online gambling after long-awaited review
Much anticipated shakeup to include 1% levy on industry revenue, affordability checks and slot machine stake limits Proposals to tighten regulation of online gambling have been published by the government, in a long-awaited shake-up of laws passed before smartphones put 24-hour casino games and sports betting in every pocket. After multiple delays , the Department for Digital, Culture, Media and Sports (DCMS) released a white paper on Thursday morning, laying out its blueprint for regulating the modern gambling industry. A 1% mandatory levy on industry revenues. Tougher affordability checks to prevent huge losses. Online slot machine stakes capped at between £2 and £15. Curbing “free spin” and “bonus” offers. Measures to slow down online casino games. More resources for the Gambling Commission. Plans for a gambling ombudsman. Continue reading...
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