UK Online Gambling Reguation State of AffairsPublished November 28, 2014 by Amir G
Despite some operators leaving the UK market, the new gambling laws in the country seem to be accepted by most operators as they benefit players.
The new online gambling regulations in the UK went into effects on November 1st and it seems that both operators and players are adjusting quickly to the new epoch.
Under the new laws, online gambling operators located in the UK and catering for UK players need to apply for a license with the country's Gambling Commission, something some 150 operators have done so far. The license is given under conditions which include a code of practice (LCCP). This benefits UK players in many ways assuring the fairness of all games which are tested by third parties for fairness and generally giving players more safety and clarity when choosing an online casino to sign up with.
Not All Operators Align
Despite the benefits for players, as we have reported in the past few months there are some operators which have decided to pull out from the UK market completely. One of the main reasons has to do with a "point of consumption" tax which takes from operators a 15% levy on all UK players gross profits. Major online casinos which have stopped accepting UK players like All Slots Casino, Jackpot City Casino, Gaming Club Casino and Lucky Nugget Casino have still not received a license from the UK Gambling Commission.
Premier League Clubs Warned
The Gambling Commission set its sights on the Premier League earlier this week when it warned the Football Association on sponsorship deals between Premier clubs with overseas gambling operators, to make sure that these do not breach the Gambling Act 2014.
In particular, Arsenal's deal with Canadian-based operator Bodog was mentioned, as the latter doesn't hold a license in the UK. The Gambling Commission urged all football and sports who work with overseas gambling operators to check that they are not in breach of the new laws. According to the Gambling Commissions, the clubs could be prosecuted if their sponsors would not prevent access from UK punters to their services.