Can we get an update to the Gambling Act in 2023?
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The Gambling Act of 2005 was passed in 2005. There are allegations of high rates of problem gambling in the UK. The government is trying to make the public’s surroundings safer by making adjustments to the advertising and business practices of betting companies.
There are limits on deposit and stake restrictions on EU casinos. The maximum bet on fixed-odds betting terminals has been lowered to £2. Action on the maximum stake is expected to be on a future UK gambling act. Online gambling has increased dramatically in the last 30 years. The way bonuses are promoted will need to change. For instance, the key terms associated with each casino promotion must be thoroughly disclosed. Each CTA (call to action) link will have a block of text next to it or below it. It will also need a text block. i.e. the CTO (Call to Action) will be displayed next or next the link.
Some see VIP initiatives and VIP programmes as a serious issue that must be addressed in future law. UK Gambling Commission believes VIP programs encourage at-risk behaviour.
Bookmakers are concerned about the costs associated with lowering the maximum stake on fixed-odds terminals and banning promotions for high-value customers online. A group of MPs with broad backing is working hard to make this new gaming act the most significant change in regulation in decades.
