Changes on casino with credit card
January 14, 2020
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.
Expected impact
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.