A recently published white paper has revealed some major changes in the way in the UK gambling industry. In general, the long-awaited white paper will tighten the rules for online gambling, and make passive checks on gamblers a specific requirement.
New laws and regulations concerning the online gambling industry in the UK have finally been confirmed in a long-delayed white paper, which was published only recently after a two-and-a-half-year-long process. And now, online gambling firms must be expected to make various changes due to new regulations on the horizon. One of the big changes will include new mandatory passive checks on gamblers losing £125 every month. This is to ensure that punters spending more than the amount of £125 can afford their losses, and won’t find themselves in severe financial debt.
Another regulation will be the affordability checks, where betting sites will be obligated to check specific financial details about their customers before they bet over a certain amount. The affordability checks and their lower limits, in particular, have been a point of contention in which gambling operators are calling for higher limits and checks, where punters won’t be obliged to share personal financial details with operators before placing a bet. The recent changes and regulations are also aimed at protecting vulnerable players and players with gambling problems.
Casinos Compete for Punters with Bonuses and Promotions
The new gambling reform is particularly made with the digital age in mind. Gambling regulations in the UK have been around for a very long time, and the gambling industry has long been regulated by the UK Gambling Commission. However, with the advancement of technology and smartphones, the Government has sought to replace the old pre-smartphone reform. According to data from the Gambling Commission, more than 116.000 people have lost an amount of £1,000 in a 24-hour period from May 2020 to April 2021.
This could be due to the vast accessibility when it comes to online games today, as well as promotions and bonus offers. If you like playing with bonuses, you can take advantage of bonus and extra spins here to try out a new game or play your favourite. All casino operators are well aware that first impressions are important, and they compete with each other by offering players attractive bonuses and promotions. Starburst is one such game where players can earn up to €300 in bonuses and 150 spins on their first four deposits.
Schemes and Support to Fight Gambling Addiction
These special features such as free spin bonuses, cashback, low deposits, and other promotions persuade many players into trying out a specific game. While playing these games can be fun and entertaining, it isn’t necessarily a great experience for all players. That’s why online players and gamblers can opt for various tools to fight their gambling addiction or problem. By registering with GAMSTOP, for example, players can choose to self-exclude from all gambling sites run by licensed companies in Great Britain. And many other helplines and support sites are available for punters today.