UK DCMS launches review on online casino stakes
The UK Digital, Culture, Media and Sport department (DCMS) will be looking into setting limits on online casino stakes as part of the Gambling Act review. Ministers will have to consider whether or not there should be limits being placed on monthly losses by adding affordability checks into their operations. The review is expected to be supervised by UK Sports Minister Nigel Huddleston. It will also discuss sports betting and sponsorship in this area.
Over the past few years, the UK government and gambling authorities have been consistently tightening restrictions for operators. This most recent review of the Gambling Act will take place next week. The review was part of a pledge by Prime Minister Boris Johnson during his general election campaign in 2019.
There are a few changes to this act that will be discussed in next week’s investigation. This includes the enforcement of limits to players monthly losses. Ministers are also expected to look into the testing regime that is already in place for new gambling products. This could result in limits being placed on the wagers that could be made on these products. Online and electric slot machines are also set to be addressed with limits considered and maximum stakes cut. The inquest will hopefully result in fair regulations for all. Both operators and affiliates are meant to be prepared to make some modifications to their operations, should any updated regulations affect them in any way.