free hit counter script TheCasinoNet- Great odds at highly recommended Sportsbooks and Racebooks!
Sports Books home page
online gambling
Online CasinosCasinosPokerSports BooksBingo / Keno
Welcome to TheCasinoNet.com! November 18, 2017
Enter your email address
to signup for the newsletter

Please enter the following
security image text


 
Please visit our Sponsor:


Powered by
THE CASINO NET
Search by location,
game, or key word.
 
 
Please visit our Sponsor:


UK Gambling Act in Effect: Visible Change and Reaction
by Max Drayman
Winner Online.com

As most of us have heard by now, the UK Gambling Act 2005 (UKGA) went into effect this past Friday, 01 September. The Act updates legislation dating back to 1845 and will now cover nearly all forms of gambling, including arcades, betting, bingo, casinos, online gambling and gambling in pubs and clubs.

In particular, the Act allows remote gaming operators—online casinos and the like—to be based in and regulated by Great Britain. Licensed online casinos can accept bets from gamblers worldwide, including the U.S.

But what real changes will you and I actually see? And how are people reacting to the changes in the legal landscape?

As far as your everyday punter is concerned, the immediate changes they'll see is the reform of the old restrictions on advertising, opening hours and club memberships.

As of this past Friday, it is now legal in the UK for bookmakers, casinos and betting websites to advertise on TV and radio and that's been immediately obvious: new casino related billboards were going up as early as the middle of last week and TV spots featuring casino services—including their swanky restaurants—are in the editing studios as I write this.

The betting shops will get a boost too, as they will now be observing their new year-round, 7am to 10pm opening hours instead of the old "summer only" rules.

Also, casino and bingo halls will no longer have to restrict their services to registered members of the club or facility, meaning that anyone can show up and participate when and where they choose.

There will also some new faces in the game. The Gambling Commission, established in October 2005, and now one of the most powerful gambling agencies in the world, is able to levy unlimited fines, withdraw licences, bring prosecutions, enter premises, seize goods and suspend and void bets.

As many as 1,500 local council officers, and 50 dedicated Gambling Commission officers, are now empowered to enforce the new laws.

As of 1st September, UK-based operators who wish to provide gambling must have a Gambling Commission licence. Over 2,500 existing operators completed their application ahead of the April deadline to ensure continuation under the new arrangements.

All operators must abide by the Licence Conditions and Codes of Practice—which includes requirements to ensure all operators promote socially-responsible gambling.

Operators will be required to prominently display information about responsible gambling and how to get help for problems. They will also have to work proactively to prevent underage gambling and contribute to problem gambling treatment and research, education and public awareness.

And how is all of this being received?

Pretty much as you'd expect: the naysayers are saying "nay!" and the market is responding very favorably.

Critics believe the new rules will lead to a general increase in gambling by "normalizing" an activity that can become highly addictive.

A spokesman for the Salvation Army said: "Gambling is not a normal leisure activity. Whilst some people enjoy a flutter or bet from time to time, gambling can become addictive and cause many problems. The results can be devastating on the individual, their friends, family and on society."

On the other hand the markets seem bullish: on the eve of the September 1st kickoff PartyGaming, the world's biggest internet poker company, posted a 43 percent jump in its share price due in no small part to its reported boom in non-US online gaming.

A spokesperson for the company stated that the total number of new non-U.S. customers playing with real money jumped 83 percent to around 404,000 with Western Europe now providing the core of their business.

The company has plans to further extend its non-US operations by opening an office in Asia in the coming week. Other gaming stocks have surged as well over this past week, posting an average of 10-15 percent gains.

The other big move on in the industry directly related to the UKGA is a dramatic increase in the number of license applications received and issued for online casinos.

InterCasino, William Hill, Littlewoods, Playboy Casino, Virgin Games and many other major betting companies have recently applied for licences to start accepting bets immediately, a spokesman for the Gambling Commission recently stated. More than 300 others applied to operate licensed online gambling and sportsbetting sites.

For the first time the UKGA allows gaming operators in European Union countries to advertise in Britain. This, combined with the tepid feelings toward gambling expressed by the new Brown government, has prompted quite a number of companies to by-pass Britain and look elsewhere for their licenses.

For instance Malta, which has an unusually low corporate tax (5 percent) and no extradition treaty with the U.S, has seen a marked rise in licensing applications in recent weeks.

"Usually the [Malta] Lotteries and Gaming Authority receives around two applications per week, however, in the past weeks it has received more than usual," said spokeswoman Kristy Spiteri in a recent interview.

Malta has so far approved 152 of 180 applications for virtual gaming licenses.

For More, visit: Winner Online.com.


Click here for more features articles


PRIVACY POLICY  |  SITE MAP  |  ABOUT US  |  CONTACT US  |  LINKS
ONLINE CASINOS  |  CASINOS  |  POKER  |  SPORTS BOOKS  |  BINGO / KENO
© 2017 Creative Edge Enterprises Inc. All rights reserved.