According to The Guardian, a review into limiting online casino stakes is going to be launched next week in order to contribute to overhaul UK gambling laws.
As part of the government review, which may include a variety of changes to the Gambling Act 2005, ministers will consider whether it is necessary to force operators to limit player’s monthly losses as well as undertake much stricter affordability checks.
Under the terms given by the Department of Digital, Culture, Media and Sport (DCMS) proposals, new gambling products can be subjected to a rigorous testing regime that can impact when a product debuts the market and how much customers can bet on them.
It is reported that the review, marked as a general election pledge by Prime Minister Boris Johnson in 2019, is likely to be overseen by the sports minister Nigel Huddleston.
The Guardian also highlighted the regulation of online and electronic slot machine games. As it stands, gamblers can wager unlimited amounts of money at online casinos, despite brick and mortar counterparts having maximum stakes cut from £100 to £2.
The Betting and Gaming Council has warned that the ongoing tightening of regulations might fuel parallel market wagering operations with little regard for customer safety. Yet the DCMS will take into consideration about providing the Gambling Commission with extra financial resources and powers to aid its fight against unlawful operators.
In addition to the review into online casinos, it is also said that the DCMS would consider banning sports sponsorship. Half of the Premier League’s clubs are partnered with bookmakers this season, while 17 of 24 Championship clubs have casino operators as their shirt sponsors.
These proposals follow the same measures that were implemented in Spain last month, which witnessed the government instill the Royal Decree on the Commercial Communications.
The DCMS is going to publish its terms of reference for the review, which will present major issue that will be addressed.