Lots of news across the board for the casino industry last week, some of which had the Gambling Commission raising major concerns over the well-known ICE Trade Show, while other news saw prestigious awards handed out at the International Gaming Awards and partnership expansions among popular gambling operator Kindred Group and Relax Gaming.
Up until recently, online promotions were being utilized to trap players’ money through strict gameplay requirements, vague gameplay terms, and even publicity stunts. A recent investigation by the Competition and Markets Authority (CMA), has revealed that the casino sector was “breaking consumer protection laws and misleading consumers” by “trapping players’ money through unfair online promotions and offers” that had unreasonable terms and conditions attached to them.
After a recent consultation with the Department for Digital, Culture, Media, and Sports, GambleAware, and the Citizens’ Advice, the United Kingdom Government has made some last minute recommendations for new regulations that would help tackle the current gambling addiction that the UK is suffering from. The recommendations would include a ban on credit card use for online gambling and would impose a 1% levy on gambling institutions. It is currently estimated that the UK has 430,000 addicted gamblers who have minimal treatment support.