The U.K. has revealed plans to carry out a ‘comprehensive’ assessment of gambling regulations. It could lead to investigations of online bets and advertising.
On Tuesday, a statement from the Department for Digital, Culture, Media, and Sport indicated that Ministers would assess regulations for Internet stakes and advertisement and additional safeguards for the youth and the regulator’s powers.
Oliver Dowden, the Culture Secretary, said, ‘The Gambling Act presents an outdated regulation in a digital era.’
He stated this through an emailed statement and discussed the rising fame of online betting that firms such as William Hill Plc and Flutter Entertainment Plc provide. The 2019 Conservative Party’s manifesto pledged the review.
In the past couple of years, the U.K. prohibited credit card usage in gambling; and became stricter in age confirmation checks, and capped stakes on betting terminals for in-store fixed-odds. According to the state, it will collect proof to submit to the review until 31 March.
The U.K. announcement stated that it would increase the minimum playing age for the National Lottery from 16 to 18.
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The Betting and Gaming Council that represents the sector was happy about the review. ‘My prayer is that ministers will concentrate keenly on problem gamblers and the ones in danger,’ remarked Michael Dugher, leader of the association and an ex-lawmaker in the U.K., in a statement. He also said that the review should think of bookies’ donation to the U.K. economy; for instance, 3.2 billion pounds ($4.3 billion) each year in tax.