Gambling with Credit Cards banned in April 2020
UKGC (UK Gambling Commission) today announced that they voted through a new regulation on gambling with credit card. From 1st of April 2020 all gambling operators accepting players with credit card deposits will get their licensed revoked. That means that they do not allow players to deposit using a credit card.
Today there is around 24 million adults living in the UK, it’s estimated that around 10.5 million of these adults are gamblers. Around 800.000 customers are estimated to regularly gamble using creditcard when doing a deposit. Therefore we can see that there is around 7.6% of the players that will need to find a new payment methods.
Future deposit methods
This only seems to be the beginning of regulations being done by the government. We have seen more rules coming into place in other countries as well. In Germany there is a proposition that gamblers should have a limit to loose a total of €1000 per month. We think that UK casinos will offer a new casino bonus or free spins bonuses on deposit to promote alternative deposit methods from credit cards to the players. This way they can get players to try a new way of adding money to their account.
Videoslots on track for a sportsbook
A massive piece of news just dropped from the giant casino provider, Videoslots. And according to sources, the operator that previously solely offered a casino environment is now to widen its offering. Which will be in the form of a brand new sportsbook. Yes, you read right, the industry titan that houses an impressive amount of game providers and slots are getting into sports betting. The collaborating partner that the operator chooses to fulfil this task is no other then Betradar. That consequently will help with all the trading. But also risk management when the product goes live in early 2020.
True to its brand and customers
A long-time customer to Videoslots and afraid that the identity will change? If that’s the case, we can put those fear to rest, as Videoslots will get a tailored solution, Managed Trading Services (MTS) from Betradar. Also, the operator is free to use its own strategy on trading, calling for Betradar’s knowledge and expertise when needed. However, the appointed Head of Sportsbook at Videoslots, Martin Calleja is no stranger to the procedure. In fact, Mr Calleja has over 10-year experience dealing with such products. And covered everything from odds compiler to head off in previous employments. And to be honest, Videoslots did the move to sportsbook back in January when Calleja started at the operator. Commenting on the news is Mr Calleja, where he mentions that “Sports betting market is bigger than ever.” And that they can’t wait to get things going.
Supporting the fact
Taking on a new partner always comes with precautions, especially when you venture into uncharted waters. But, if you do your homework the transition should be easy. Plus, Betradar has mentioned that their traders will work collaboratively with the operator. Which will maximise the efficiencies to its fullest. In the end, all of the involved partners like to see this relationship to be a fruitful one. And we cant wait to see what the final product will look and feel like from a slot lover prospective. So stay tuned, its more to come from this news. And we might just see some amazing casino bonuses on offer to cross-sell the new product!
What can we expect?
Keeping up with the UK, gambling regulations is not an easy task. And in recent years we have has seen some huge business impact twist and turns to affect the industry. Where the UK gambling commission (UKGC) spearhead the implementation from idea to completion. However, now we learn that some UK parliamentarians are not completely satisfied with the work the organisation accomplished. And are calling for even more regulations in place. Although, after looking through the request, the All-Party Parliamentary Group (APPG) asking for. One thing is quite obvious; they have not read through the UKGC game plan and understood the road map.
Indeed, some topics brought up by APPG is no more than fishing for attention. Where they, for instance, ask for a ban on credit cards & pay by phone to fund online player accounts. Which goes to show, if APPG had bothered to check UKGC’s work and what’s under review already. They would have found that just that topic is being under revision and consultation. But also, they are calling for some drastic measures surrounding sponsorship and the teams. By saying that all forms of pitch-side campaigns targeting gambling need to stop. But also that the teams itself cant bring in a gambling partner to sponsor the team. And this is only the tip of the iceberg, and APPG has a bag full of restrictions they like to implement. With the main purpose to “urgently introduce new gambling legislation with a focus on harm prevention”.
The people need to have a say
We all remember the adjustment of the fixed-odds betting terminals (FOBT) in betting shops when it decreased from £100 to £2. And now the parliamentary group like to see the same thing happen to the online sector. Meaning that there is no justification for having a different limit between offline and online. However, what is one of the more significant differences between the two options. Online you present with much more information about responsible gambling, with multiple tools at your disposal. But, the same procedure in betting shops is far more time-consuming. In the end, the UKGC has done good work so far on its three-year national Strategy to reduce gambling harms. And once again, the regulatory body gets criticism for its work that still needs to come to completion.
The UK market get new live casino option
Finding the Live Casino offering a bit dull and not appealing to you in the UK? Well, then we have some exciting news that could most certainly make a difference. As a recent interview with Pragmatic Play reveals. That they are ready to enter the hard and lucrative competition in the UK with its full Live Casino portfolio. Giving the players a new and fresh take on how the product presents. Which is available from any desktop, tablet, and smartphone device. But what’s more, the live casino action can also be accessed from multiple VR supported gadgets. So, get ready for a proven concept with a different spin!
New Market new studio
The UK release will get broadcasted from its newly built studio with the latest technology. That includes superior video quality in 4K from multiple angles. And a friendly interface based on user behaviour and research to optimise the experience. All offered from the well trained and experienced dealers. Included in the selection of games are such things as. Roulette, Baccarat, and many different Blackjack variations. Which will include the release “Auto-Stand”. A Blackjack option that according to Pragmatic Play will increase the game speed by 25%. That also currently is the only of its kind on the Live Casino market. So, could this be the game-changer the market was looking for?
Get in the race
The UK market is stiffening up, and competition is getting harder every passing day. So it’s exciting when you are presented with a new option to try out the beloved concept, Live Casino. Commenting on the development is head of compliance at Pragmatic Play, Sheriff Khamoura. “Taking our live casino portfolio into new regulated markets has always been a priority for us”. But he also said that. “The UK has a significant number of brands with a proud heritage. And we are eagerly looking forward to joining these prestigious brands”. Intrigued to try out any of pragmatic plays product, you can do so by checking out one of their latest partners Wildz. And while at it, why not see what casino bonus you can pick up simply by getting an account on the operator.
Credit cards could be banned online in the UK for casino
Just when you thought the regulations in the UK started to slow down. The UK Gambling Commission (UKGC) drops a piece of huge news regarding payments. This after receiving reports back in February about the connection between credit cards and self-gambling harm. They are now considering banning the use of credit cards when gambling online. The topic and its discussion will commence in the middle of August. Where they will consult all types of stakeholders, including the general public.
Suitable action will follow
One of the main points UKGC adds to the discussion is that “borrowing” money to place bets or play casino online links directly to risk. And some action needs to happen on the subject matter. Which this consultation hopefully will figure out. But the UKGC also points a finger to e-wallets, meaning that. If action is only taken on credit cards, users will find a way to circumvent it. And fin other means to it fund their accounts, like e-wallets. Although, one could argue that the UK operator licence agreement already has this covered. And in full swing, with the operator’s obligation to conduct numerous security and fund checks. Such as a source of funds and a source of wealth, plus the normal KYC procedures. So, is this just another attempt to please the lawmakers?
Far from being final
Before you say “enough with regulations.” You need to remind yourself, this is only brought up due to raised concerns, and nothing is certain. And before any type of decision can fall under the gavel, more evidence needs to find the scrutinizing eyes of the UKGC. Which will include asking online customers why they use credit cards and what are the benefits of keeping them as a transaction option. The UKGC also indicate that the impact of removing the alternative is only benefiting one segment of players, the one experiencing gambling harm. While players that can control their gambling will suffer. In the end, no matter the regulations and restrictions, players will find a way to deposit money if they want to. So, stay tuned, as this story keeps unfolding and the outcome will be interesting reading.
KYC before Deposit
There has also been information going around that UKGC is suggesting that customers need to verify their account before they can start to play. This means that sending in a copy of your passport and proof of address to verify your identity. This would mean that even if you want to play for free spins before you make a deposit you will need to verify your account.
Aspire Global adds Bingo in the UK
Aspire Global has widened its horizon even more by introducing bingo to the UK. The UK Gambling Commission has granted Aspire Global a bingo license which opens it up to even more opportunities. Therefore, it allows Aspire to increase its UK market share as it broadens its B2B offerings. This is in-line with the companies long term growth plan. As a result of this new license, they can offer sports, casino and Bingo. The license is valid until further notice. Now, for the first time, Aspire Global will be able to offer bingo games to its UK players. This is an exciting development as Bingo is a popular market in the UK and means that Aspire will see plenty of growth as a result.
Bingo still massive in the UK
Soon, some of Aspire Global’s top brand partners will also be able to offer Bingo. So, names such as mr.play could soon see their variety of products grow. This means that they will be even more competitive in the UK market. Bingo is not only popular, but it also a great social addition. It perfectly complements casino and sports, giving customers the whole experience.
Only one game in town
Aspire Global already considers itself to be the best-in-class iGaming platform. It prides itself on giving the best experience and providing its operators with the best titles. It was founded way back in 2005 and has gone on to be one of the most trusted in the industry. Alongside the best casino games and a top sportsbook, it now has more to boast about. On a daily basis, all top companies are expanding in different areas. Aspire Global will definitely not be left behind. This is a company that not only offers a great variety but also the best experience. Most of their brands also tend to offer amazing no deposit casino bonus campaigns. It can now extend its products even further and see its brands keep on growing.