UK to Oust Foreign Online Gambling Operators?Published January 19, 2011 by OCR Editor
Report says offshore companies would need to apply for gambling license.
The British government is considering a plan to oust foreign-based online gambling operators from the country, according to a report in the local Daily Mail.Credit Cards Targeted
According to the report, Secretary for Culture, Media, Olympics and Sport Jeremy Hunt wants to fight gambling addiction by putting an end to all advertising from companies not based in Britain. There would also be a ban on using credit cards for internet gambling under the proposal.
Should the move go ahead, it would remove literally hundreds of gaming operators from Britain and no doubt have an effect on the industry in Europe and the rest of the world.
The Daily Mail quoted a senior government official as saying that ministers are concerned about the proliferation of online gambling since the former Labour government introduced the controversial Gambling Act in 2005.Offshore Companies
Under those laws, the UK instituted tougher laws that ensured that online gambling operators did not target the underage and vulnerable. However, a loophole in the law has allowed offshore companies to offer their products while not always meeting the standards required of local companies.
Under the new proposal, all offshore companies entering the UK market would first have to apply for an online gambling license, just as UK online casinos do today.