UK Gambling Stakeholders Comment on PwC Black Market Report
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PwC report shows that online consumers are participating in unregulated gambling in the UK. There are fewer operators but more consumers. Regulators have done a good job of keeping searches clean of mentions for offshore operators. There were 98 offshore gambling sites in Google in 2020, but only 14 accepted customers from the United Kingdom. Some £2.8 billion was spent with offshore operator in November 2020.
The Gambling Revenue is promising to introduce significant changes. Operators fear that lack of competitiveness at home will send many consumers scurrying offshore for the products that have become unavailable back home due to overregulation. Betting and Gaming Council CEO Michael Dugher said the government should consider the report in the upcoming review.
William Hill claims the report does not reflect the seriousness of the issues. UK Gambling Commission has carried out 59 enforcement actions against illegal operators in 2019/20. Flutter Entertainment chairman of Ireland and the UK, Ian Proctor, also commented on the PwC report. The report suggests heightened offshore activity the stricter regulation at home becomes. The UK is moving forward its most significant gambling re-regulation.
