Earlier today, Secretary of State for Culture, Media and Sport, Lucy Frazer MP gave a statement on proposals included in the long-awaited white paper on gambling reform in the UK.
In her statement, Frazer outlined the following key changes to existing gambling laws that she said were now ‘outdated’.
- Stake limits of between between £2 and £15 for online slots – subject to consultation
- New rules on VIP schemes and bonus offers to protect those at risk of gambling harms
- Further resources for the UK Gambling Commission through statutory levy paid by all gambling companies
- Creation of a non-statutory ombudsman that gives customers a single point of contact for support UK Culture Secretary Outlines Changes to Gambling Landscape
The Secretary also noted that land-based casinos, bingo halls and other traditional premises are at a distinct disadvantage compared to their online equivalents and that this would be addressed:
UK Culture Secretary Outlines Changes to Gambling Landscape“A number of assumptions which prevailed at the time of the 2005 Act now look increasingly outdated, so we plan to rebalance regulation and remove restrictions which disadvantage the land-based sector.”
UK Culture Secretary Outlines Changes to Gambling Landscape“The online world has transformed so many parts of life – and gambling is no exception. It’s our responsibility to make sure our rules and regulations keep up with the real world, so that we can protect the most vulnerable while also allowing everyone else to enjoy gambling without harm.
UK Culture Secretary Outlines Changes to Gambling Landscape
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.