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British politicians are thinking about changing the country’s online gambling laws. They want to reduce UK online slots stakes to a maximum of \u00a32 as part of the overhaul.<\/p>\nBritish politicians are thinking about changing the country’s online gambling laws. They want to reduce UK online slots stakes to a maximum of \u00a32 as part of the overhaul.<\/p>\n
The all-party group (APPG) has floated drastic changes as part of an effort to lower the rate of “gambling related harm.” <\/p>\n
They note that online slots betting limits should be subject to the same standards as fixed-odds betting terminals. The latter feature max betting limits worth \u00a32 ($2.60).<\/p>\n
Iain Duncan Smith, the Senior Conservative MP, notes that it’s “outrageous” that max UK internet slots haven’t been lowered.<\/p>\n
The Gambling Act of 2005 provided the last major update to British gambling laws. Many within the industry believe this act is too controlling.<\/p>\n
In 2018, politicians reduced the maximum stakes on fixed-odds betting terminals from \u00a3100 to \u00a32. Many casinos and software developers fought the changes on grounds that gambling industry jobs would be lost.<\/p>\n
Aside from calling on lower UK online slots stakes, the APPG also wants credit cards to be banned as a deposit method. Currently, Visa and Mastercard are the two most-popular ways to fund British online gambling accounts.<\/p>\n
The group is also calling for restrictions on high-roller accounts. Internet gaming operators have taken heat for gifting certain VIPs just to encourage more gambling.<\/p>\n
Online casinos offering comps to important gamblers is nothing new. However, criminals who’ve earned their money through illicit means after often among the VIPs.<\/p>\n
Regulated British online casinos aren’t the only game in town. Players can also access offshore gaming sites through VPNs and other means.<\/p>\n
Assuming the government reduces UK online slots stakes, then gamblers might be encouraged to play at offshore sites.<\/p>\n
The latter scenario would lead to less tax revenue. That said, politicians should take everything into account before lowering online slots betting limits.<\/p>\n","protected":false},"excerpt":{"rendered":"
British politicians are thinking about changing the country’s online gambling laws. They want to reduce UK online slots stakes to a maximum of \u00a32 as part of the overhaul. The all-party group (APPG) has floated drastic changes as part of an effort to lower the rate of “gambling related harm.” They note that online slots …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11,4,82],"tags":[],"_links":{"self":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/5352"}],"collection":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/comments?post=5352"}],"version-history":[{"count":5,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/5352\/revisions"}],"predecessor-version":[{"id":5356,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/5352\/revisions\/5356"}],"wp:attachment":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/media?parent=5352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/categories?post=5352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/tags?post=5352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}