Regulations in Gambling
The online casino industry is worth billions every year to the UK’s economy, providing an estimated £2.5bn to the country’s economy, a charity says. But one of the UK’s best-known gambling websites says it has made “errors” in the regulation of its products and has seen its licence revoked by the Gambling Commission.
The BBC News website has reported on the problems facing the industry – and the effect that some have had on British gambling. One of its stories, by reporter Robert Green, says that many casino companies have used a loophole at the High Court – which allows them to claim that the Gambling Commission’s decision was politically motivated – to deny gambling websites any ability to pay their licence fee.
This year the commission will make its first decision on how casino software can be used, although those companies which want to use the software already licensed by the commission can register for a licence to offer their own games on their websites.
Gambling 토토사이트 which rely on the licence fee are at a financial disadvantage, and many are reporting falling membership numbers. Their revenues are falling, probably because some 토토사이트 have been forced to pull out of many games because they can’t afford to pay the licence fee,” he says.
At the High Court in London, three of the UK’s largest gambling operators – the online company GVC Holdings and three of its main competitors – are seeking permission to offer their software on to UK sites which want to use them. The Gambling Commission, the country’s highest gaming authority, says that the companies should be allowed to offer their software as long as they register with the new requirements. Their move was seen as potentially a boon for UK online casinos and 토토사이트.