BGC calls government to strengthen measures on the industry
BGC is urging the UK government to enter and strengthen restrictions on the black market, in their upcoming Gambling Act white paper.
Time newspaper reports that the document may include a maximum limit on online casino bets from two to five euros, as well as a possibility that the white paper might have features on prohibiting free bets and VIP packages.
Operators are forced to withdraw online features as they contribute to the increasement of danger. It is also known that Gambling Commission is going to have more authority and funds from the increased fees.
In accordance with the report, industry related companies will not be allowed to sponsor t-shirts of the Premier League clubs.
“We accept the government’s opinion on the gambling business. In fact, we are supportive of many, and we await to see them featured on the white paper. 119 thousand people work in the business, so we are going to carefully examine the white paper once it is issued and take into account the effect it will have.”
explained the BGC spokesperson, adding:
“The recent statistics showcased that during this year the rate of problem gambling was lowered by 0.2% from 2021’s 0.4%, though the amount of punters who utilize the black market got twice more. The white paper is going to safeguard people who are in danger and prevent them from going to the black market.”
Later the spokesperson urged the government to quickly take action.
The government intends to enter restrictions on the market which was included in the review of the 2005 Gambling Law amid concerns that the ongoing rules need some modifications to adjust to the expansions of the betting industry. The term and condition of the review were issued at the end of 2020.