Connect with us

Industry News

UKGC confirms gambling on credit cards to be banned from April 2020

Published

on

UKGC confirms gambling on credit cards to be banned from April 2020Reading Time: 3 minutes

 

The Gambling Commission has announced a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble.

The ban, which comes into effect on 14 April, follows the Commission’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures. A public consultation was carried out between August and November 2019.

24 million adults in Great Britain gamble, with 10.5 million of those gambling online. UK Finance estimate that 800,000* consumers use credit cards to gamble.

Separate research undertaken by the Commission shows that 22%** of online gamblers using credit cards to gamble are classed as problem gamblers – with even more at some risk of harm.

The ban, which will apply to all online and offline gambling products with the exception of non-remote lotteries, will provide a significant layer of additional protection to vulnerable people.

Neil McArthur, Gambling Commission chief executive, said: 

“Credit card gambling can lead to significant financial harm. The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have.

“Research shows that 22% of online gamblers using credit cards are problem gamblers, with even more suffering some form of gambling harm.

‘“We also know that there are examples of consumers who have accumulated tens of thousands of pounds of debt through gambling because of credit card availability. There is also evidence that the fees charged by credit cards can exacerbate the situation because the consumer can try to chase losses to a greater extent.”

Mr McArthur said although he understood that some consumers used credit cards because they were convenient, the risk of harm to others was too high to allow the use of credit cards to continue.

“We realise that this change will inconvenience those consumers who use credit cards responsibly but we are satisfied that reducing the risk of harm to other consumers means that action must be taken.” he said. “But we will evaluate the ban and watch closely for any unintended circumstances for consumers.”

Mr McArthur warned that although likely to reduce gambling harm, the banning of credit cards needed to be accompanied by other efforts.

“The ban is part of our ongoing work to reduce gambling harm. We also need to continue the work we have been doing with gambling operators and the finance industry to ensure consumers only gamble with money they can afford to spend.”

Last year Department for Digital, Culture, Media and Sport (DCMS) ministers also met with banks and gambling operators to discuss their growing concerns, and how companies could use technology and customer data to help those at risk of developing gambling problems, including those using credit cards.

Culture Minister Helen Whately said: 

“Whilst millions gamble responsibly, I have also met people whose lives have been turned upside down by gambling addiction.

“There is clear evidence of harm from consumers betting with money they do not have, so it is absolutely right that we act decisively to protect them.

“In the past year we have introduced a wave of tougher measures, including cutting the maximum stake on fixed odds betting terminals, bringing in tighter age and identity checks for online gambling and expanding national specialist support through the NHS Long Term Plan. We have also secured a series of commitments from five leading gambling operators that will include £100 million funding towards treatment for problem gamblers.

“But there is more to do. We will be carrying out a review of the Gambling Act to ensure it is fit for the digital age and we will be launching a new nationwide addiction strategy in 2020.

“We will not hesitate to take any further action necessary to protect people from gambling harm.”

Today has also seen the Commission announce changes to licence conditions which will require all online gambling operators to participate in the GAMSTOP scheme and offer their customers the service from 31 March.

Neil McArthur said:

“We welcome the fact that GAMSTOP have got to this stage in their development and encourage them to continue to improve their offer, particularly in relation to preventing those who have self-excluded being targeted by direct marketing.

“It is important that self-exclusion schemes are as effective as possible and they will be most effective when used in combination with other blocking tools such as gambling blocking software and payment card blocking.

Helen Whately added: 

“We have been clear to all businesses that have connections to gambling, such as operators, social media platforms and banks, that they must be socially responsible and use the power of technology and data to help consumers manage their spending and protect them from harm.

“I have been encouraged by the majority of major high street banks introducing measures to allow customers to switch off spending on gambling through mobile apps.

“By making it a regulatory requirement for all online gambling websites licensed in Great Britain to sign up to Gamstop. I am confident that people who have taken the significant step to opt out of gambling will be well supported, alongside a wide range of other tools.”

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UKGC confirms gambling on credit cards to be banned from April 2020

Continue Reading

Industry News

Prague Gaming Summit 2020 speaker profile: Dr. Christian Rapani (Attorney at Law at Dr. Christian Rapani) 

Published

on

By

Reading Time: 2 minutes

 

The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe.

 

On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the Convergence Of Markets In Online Sports Betting”.

As mentioned in earlier press releases, Prague Gaming Summit 2020 will bring a brand new format of speeches and more trending themes as it did in the early years.

Among the leading experts that will share their latest information, you have the opportunity to hear more about the sports betting industry and esports from Dr. Christian Rapani. 

Dr. Christian Rapani founded his law firm in Graz in 2013 specializing in business and corporate law. Dr. Christian Rapani is the author of numerous publications in these areas of practice. He possesses extensive experience in advising Austrian and international clients on all aspects of business law.

One of his key topics of consultancy are issues regarding gaming and betting law with a special focus on B2B and B2C online gaming and betting offer. He provides guidance in various licensing procedures and advises clients on Austrian regulatory requirements and developments affecting their business activities.

 Do not miss this unique opportunity to learn and networking with the leaders of the industry.

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Here is a testimonial that has been left by Charmaine Hogan, one of the attending delegates of the 2019 edition of Prague Gaming Summit:

This most recent event was a rich one. The diversity of speakers and the structured topics provided a platform for real debate, presenting food for thought for many. I’m sure I/we will pick up on the very relevant topics again at this event.

Charmaine Hogan

Regulatory & Public Affairs, International Relations, Policy Development Expert

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Dr. Christian Rapani (Attorney at Law at Dr. Christian Rapani) 

Continue Reading

Industry News

GrooveGaming backs Fire&Ice Party for the future of iGaming

Published

on

By

GrooveGaming backs Fire&Ice Party for the future of iGamingReading Time: 2 minutes

 

GrooveGaming are sponsoring the historic Fire&Ice party ‘Rhythm & Beats’ on Wednesday February 5 at Troxy to get the party started in the iGaming industry for the next decade along with sister slot-maker Fugaso. The rapidly expanding GrooveGaming are proud to sponsor this iconic event in London’s East End during ICE2020 to host all their friends in the iGaming community to a great night out!

Fire&Ice is the most anticipated event in the igaming social calendar and the largest social igaming networking event. Held at the iconic Troxy in East London, the Art Deco building will welcome 3000 igaming elite for what promises to be the night of the year for all GrooveGaming and Fugaso partners and friends. The party provides a distinctive networking atmosphere allowing attendees to network with great minds in the iGaming business. This event is held every year during the same week as the London Affiliate Conference and ICE Totally gaming.

GrooveGaming has been attracting attention for all the right reasons over the past year, with a meteoric rise that has snowballed into 2020. Created with the aim of easy and fast content delivery for the iGaming industry, GrooveGaming powered ahead in 2019 as the aggregator of choice for a host of big industry names including EveryMatrix, iGP, Digitain, ALEA and Quickfire, amongst others, and with over 2500 casino games available on the platform and a series of aggregated content added to GrooveGaming, operators are able to find the instant integration that has a wealth of curated content to drive player engagement and revenue.

The world’s fastest-growing aggregator GrooveGaming has been in top gear developing powerful market positions in Europe, the Far East, Latin America and Africa, as well as focusing on the technology development that has set the accelerating aggregator apart over the last 12 months. GrooveGaming has carved out a significant space within Europe’s regulated gambling markets, and a recent announcement about a new partnership with Super Spade Games has given a boost to its Far Eastern ambitions, while deals with Jazz Gaming Solutions and Patagonia Entertainment has bolstered its growth prospects in the Latin American market.

GrooveGaming’s global reach is underpinned by tailoring games lists and promotions for operators working in multiple markets to reflect typical regional player attitudes thereby helping to drive player engagement and revenue. A key reason why GrooveGaming is becoming a supplier of choice around the world is that GrooveGaming is powered by technology innovation which provides operators with the ability to activate a range of features that enhance customer experience and engagement, improve retention, encourage extended play and produce higher yield.

Fugaso, who recently celebrated their third anniversary, is also on a roll, having recently been announced as a finalist in two AskGamblers Award categories which play to the company’s strengths, Best Slots and Best Software Provider, in what is considered the world’s most prestigious casino awards.

Robert Metzger, Head of Business Development at Fugaso said: “Building an emotional connection to customers is at the heart of slots development, so we are proud to support this year’s Fire & Ice party to take the industry into the future.”

Rebecca Sotomora, Head of Sales at GrooveGaming said: “This is an opportunity to host our clients and suppliers at the industry’s most famous event, and a way for GrooveGaming to meet and entertain clients, affiliates, media and all key igaming stakeholders in a fun and relaxing environment with a full evening of partying and entertainment. We look forward to making lots of new friends!”

For further information visit www.groovegaming.com

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: GrooveGaming backs Fire&Ice Party for the future of iGaming

Continue Reading

Industry News

FSB appoints Rob Wheeler as Business Development Director

Published

on

By

FSB appoints Rob Wheeler as Business Development DirectorReading Time: 2 minutes

 

Award-winning sportsbook and casino platform provider recruits highly experienced commercial executive

Award-winning platform provider FSB has appointed Rob Wheeler as Business Development Director to lead the company’s sales team as it continues to bolster both its senior team and rapidly grow its global footprint.

Wheeler joins FSB from Inspired where he was Commercial Director for its interactive division. He has also held senior positions at Playtech, IGT Interactive and Virtue Fusion.

He will be responsible for driving the Sunday Times Tech Track 100 listed company’s existing and new business across regulated and emerging markets. The fast-growing company achieved 13th place in the latest ranking with judges praising its market-leading software solutions that have generated a year-on-year sales rise of 175% in the past 36 months.

Wheeler joins just weeks after FSB announced new Chief Financial Officer Andrew Bowen (ACA) as it extends its scope and influence across the industry following a significant capital investment from Clairvest Group in mid-2019.

The company will announce further senior appointments in due course.

Rob Wheeler, Business Development Director, FSB, said: “I’m delighted to have joined FSB at such an exciting time. All the key ingredients are in place including a fantastic sportsbook and casino product offering, the flexibility to provide bespoke solutions in line with specific operator requirements, and a great team to deliver on our promises.

“The timing is right to exponentially grow our customer base across both emerging and regulated markets. We are led by a top-quality management team and now have the investment in place to scale.”

David McDowell, CEO at FSB, added: “I’m delighted to have Rob in place as we continue to attract some of the best industry talent and scale up both our senior team and the business overall.

“The combination of Rob’s experience working for some of the biggest providers in gaming and his commercial knowledge over more than 15 years is second-to-none. This will prove invaluable as we enter one of the most exciting phases of the company’s development. I’m very much looking forward to working with him and the team as we have big plans for 2020 and beyond.”

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FSB appoints Rob Wheeler as Business Development Director

Continue Reading
Advertisement
NSoft at ICE2020

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: sales@europeangaming.eu

Editorial / PR Submissions: editor@europeangaming.eu

Copyright © 2015 - 2020 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania