The Councillor

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  1. The Councillor

    New Gambling Regulations - UK

    Hey Danny, We don't know exactly when the new regulation will come into play and be enforced. Some operators are already implementing changes. Entain Group have already started to roll out their new affordability checks across their brands, which include Ladbrokes, Coral, Bwin & PartyCasino; We don't know how sports betting will be affected but I think the general feeling is that it will come through this relatively unscathed. The target seems to be more towards online slot and casino games.
  2. The Councillor

    New Gambling Regulations - UK

    Hi folks, I'm a new member here, so please go easy Yesterday, a consultation on the UK's gambling laws was completed and the review will likely result in massive changes to online gambling with all bookmakers and casinos being told they need to comply by the end of October. The most significant changes that I can see are: - Affordability checks: These are already in place with most firms to some degree or another, but it looks like it's going to become very strict. In October of last year, in anticipation of these changes, I was asked by an online operator to provide 6 months bank statements, payslips and my P60. This is a very high requirement and I don't expect it to be the norm but I would expect bank statements to be an absolute minimum going forward. - Deposit limits: Right now, we can set deposit limits for our accounts, but going forward it looks like these may be imposed by the operator themselves based on your affordability check. Trying to deposit more than even £100 might be tough going forward. - Stake limits: This is a big one and it will be interesting to see how it is implemented. I think we all know slot games will be affected in a big way with it being very likely that £1 is the max stake per spin. On top of that, the frequency of spins will likely slow down. But will it effect things like blackjack & roulette? Will it also have an affect on live wheel based games like Monopoly & Crazy Time? If so, those games will essentially die for UK operators. I think sports betting will be largely unaffected but who knows. So I just wanted to hear what people's opinions were on this? Is gambling online in the UK going to be viable even for relatively low stake punters? I see that Entain are one group that are trying to get a head start on this: They're not going to ask for payslips and tax returns but deposit/stake limits will be imposed shortly.