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...