{"id":118806,"date":"2019-11-04T06:24:47","date_gmt":"2019-11-04T14:24:47","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=118806"},"modified":"2019-11-04T10:43:34","modified_gmt":"2019-11-04T18:43:34","slug":"uk-lawmakers-want-to-slash-online-slots-max-stakes-to-2","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/uk-lawmakers-want-to-slash-online-slots-max-stakes-to-2\/","title":{"rendered":"UK Lawmakers Want to Slash Online Slots Max Stakes to \u00a32 in Radical Online Gaming Shakeup"},"content":{"rendered":"

A group of influential British politicians has proposed the most radical overhaul of the country\u2019s online gambling laws in 15 years. Among the recommendations of an all-party group (APPG) studying \u201cgambling-related harm\u201d is that online slots are given the same treatment as fixed-odds betting terminals, and that maximum stakes should be slashed to \u00a32 ($2.58).<\/p>\n

\"UK
Senior Conservative MP Iain Duncan Smith says it\u2019s \u201coutrageous\u201d that there are no maximum stakes on UK online slots. (Image: The Independent<\/em>)<\/figcaption><\/figure>\n

The UK\u2019s gambling laws were liberalized by the Gambling Act of 2005, which many now believe went too far, and the country\u2019s gaming industry is experiencing a regulatory backlash.<\/p>\n

Last year, the government cut the maximum stakes<\/a> on fixed-odds betting terminals \u2013 the machines installed in land-based betting outlets throughout the country that offer digital roulette and other games \u2013 from \u00a3100 ($129) to \u00a32, despite warnings from the betting industry that many outlets would close and jobs would be lost.<\/p>\n

\u2018Analogue\u2019 Legislation<\/strong><\/h2>\n

The APPG report published Monday called existing laws \u201canalogue legislation in a digital age,\u201d which it claims is \u201cill-suited\u201d to governing an online gaming sector that has ballooned since 2005 into a \u00a35.6 billion-a-year ($7.2 billion USD) industry.<\/p>\n

Other recommendations by the APPG include banning the use of credit cards as a deposit method and restrictions on VIP accounts. In several recent high-profile cases, online gaming operators have encouraged high rollers who have acquired money by criminal means to gamble by offering them gifts and other incentives.<\/p>\n

\n

Critics say that restricting the stakes on slots will simply drive players to the black market, where player protections and accountability are weaker or non-existent. Many operators would be likely to pull out of the UK market altogether.<\/p>\n<\/div>\n

But senior Conservative MP Iain Duncan Smith, vice-chair of the APPG, told The Guardian<\/em> it was \u201coutrageous\u201d that there are no stake limits online, and that operators were \u201cable to continue to offer inducements to the vulnerable without proper sanction.\u201d<\/p>\n

Ladbrokes Scandal<\/strong><\/h2>\n

The APPG\u2019s chair is Labour MP Carolyn Harris, who last week expressed dismay that the UK Gambling Commission had failed to sanction Ladbrokes for a hush-money scandal<\/a> after it had allowed a criminal to gamble.<\/p>\n

The bookmaker had agreed to repay almost \u00a31 million to victims of a gambling addicted fraudster, Tony Parente, who had lost the money at Ladbrokes, but only if all parties agreed to sign an NDA promising not to tell the gaming regulator about the incident.<\/p>\n

Harris said the UKGC had showed itself to be \u201cnot fit for purpose\u201d and \u201ccomplicit in what is actually abuse \u2013 of power and of individuals\u201d by not acting against Ladbrokes.<\/p>\n

Meanwhile, a spokesperson for the UKGC told The Guardian<\/em> it was \u201cdisappointed\u201d that Monday\u2019s report had been published before the regulatory body been given the chance to offer evidence.<\/p>\n

\u201cThe report does not reflect our considerable action and progress on most of the areas of concern set out in the report, and we look forward to being given the chance to outline that work to the APPG,\u201d the spokesperson said.<\/p>\n

British Prime Minister Boris Johnson is understood to be sympathetic to the idea of imposing tighter regulations on the gambling industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

A group of influential British politicians has proposed the most radical overhaul of the country\u2019s online gambling laws in 15 years. Among the recommendations of an all-party group (APPG) studying \u201cgambling-related harm\u201d is that online slots are given the same treatment as fixed-odds betting terminals, and that maximum stakes should be slashed to \u00a32 ($2.58). […]<\/p>\n","protected":false},"author":36,"featured_media":118807,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61,13592],"tags":[],"acf":[],"yoast_head":"\nUK Lawmakers Want to Slash Online Slots Max Stakes to \u00a32<\/title>\n<meta name=\"description\" content=\"UK online slots could go the same way as FOBT\u2019s if an influential all-party group gets its way. The group recommends slashing max stakes to \u00a32.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Lawmakers Want to Slash Online Slots Max Stakes to \u00a32\" \/>\n<meta property=\"og:description\" content=\"UK online slots could go the same way as FOBT\u2019s if an influential all-party group gets its way. The group recommends slashing max stakes to \u00a32.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/uk-lawmakers-want-to-slash-online-slots-max-stakes-to-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-04T14:24:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-04T18:43:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/iain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/uk-lawmakers-want-to-slash-online-slots-max-stakes-to-2\/\",\"url\":\"https:\/\/www.casino.org\/news\/uk-lawmakers-want-to-slash-online-slots-max-stakes-to-2\/\",\"name\":\"UK Lawmakers Want to Slash Online Slots Max Stakes to \u00a32\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-lawmakers-want-to-slash-online-slots-max-stakes-to-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-lawmakers-want-to-slash-online-slots-max-stakes-to-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/iain.jpg\",\"datePublished\":\"2019-11-04T14:24:47+00:00\",\"dateModified\":\"2019-11-04T18:43:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"UK online slots could go the same way as FOBT\u2019s if an influential all-party group gets its way. 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