Why Online Casinos in the UK are Struggling
Online casinos in the UK were always subject to harsh regulations and strict restrictions. With the recent introduction of the credit card ban, this is another step that the current government is taking into tackling problem gambling in the bud.
It is a known fact that online casinos in the UK are failing to offer any form of protection to problem gamblers as well as prevent money laundering. The UK Gambling Commission has informed operators time and time again warning them to review procedures, or risk severe penalties.
Many operators were struggling to spot any signs of financial crime as well as compulsive gambling. With over 195 UK operators in full swing, the Commission is continuously reviewing these casinos and acting as a watchdog.
If the companies fail to tackle serious issues, they risk losing their license and being unable to operate in the UK.
With the gambling industry worth billions of pounds, the Commission is said to be concerned about problem gambling not being followed up.
It has reviewed a large number of customer accounts, and found visible signs of problem gambling based on the customers’ gambling pattern and spend.
Online Casino Rules
Bear in mind that when you are playing at a UK casino site, not all the rules you’ll find within the terms and conditions are or will be enforced by the Gambling Commission. Each casino has its own set of rules and restrictions which you must comply with if you are aiming to claim bonuses.
Terms relating to welcome casino bonuses and other promotions will be scrutinized by the Commission, but these will vary from one casino to another. This is your best time to claim them while you can before Brexit comes into force.
When it comes to the fine print, the Commission states that they must be informative, transparent and honest.
Sure, the terms and conditions can be tedious, but reading through them should inform you of any terms that are in place to protect the casino.
Does the UK Casino Law Affect You?
All UK residents who are 18 years of age or over are allowed to sign up to some of the best online gambling sites in the world. The laws are in place to keep you safe and protected. Additionally, the laws are in place to ensure that there is an element of transparency and to make it easy for you to process transactions in a safe and secure manner.
The comprehensive framework of laws and regulation has aided a number of organisations in supporting clients with problem gambling addictions. One perfect example is Gamble Aware.
Furthermore, online casinos are encouraged and forced by the hand of the law to provide clear information pertaining to casino bonuses and promotions. Failing to do so, can lead to harsh penalties. Once a casino has been found to be fraudulent, it could lose its license and unable to continue its operations.
What’s In Store for the UK Gambling Law?
With the UK set to depart the European Union immediately, the chances are that foreign gambling companies will have minimal access to the market if any all. Brexit will see companies struggling to acquire a UK Gambling Commission license, which is an absolute necessity if they are planning on operating in the UK market.