UKGC Provides Guidance on Credit Card Transactions Carried Out through MSBs Following Recent Ban

UKGC Provides Guidance on Credit Card Transactions Carried Out through MSBs Following Recent Ban

On June 10th, the UK Gambling Commission (UKGC) issued guidance on its recent credit card ban for gambling payments carried out through any money service business (MSB). The major gambling regulatory body in the UK has implemented a new licence condition for gambling companies. Under licence condition 6.1.2, gambling operators are prevented from accepting credit card payments either directly or through any money service business, such as electronic money institutions, e-wallets or other financial technology that allows credit card deposits. As the UKGC itself explained, one of its key objectives…

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Andrew Wilkie MP Moves Private Member’s Bill in Federal Parliament Seeking to Ban Social Casinos in Australia

Andrew Wilkie MP Moves Private Member’s Bill in Federal Parliament Seeking to Ban Social Casinos in Australia

Anti-gambling advocate and independent MP Andrew Wilkie called for the Government to ban social casinos in Australia, saying they are a dangerous form of gambling. In an interview with Tom Elliott, Mr Wilkie, who has been fighting against gambling-related harm for quite some time now, has highlighted that online gambling websites were getting a bigger problem literally every day, especially considering they have managed to escape legislation. At a time when the coronavirus outbreak has forced the retail gambling sector to cease operation, with no sports events available to bet…

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Loot Boxes in Video Games Could Be Reclassified as Gambling Product by the UK Government

Loot Boxes in Video Games Could Be Reclassified as Gambling Product by the UK Government

British Ministers have called for evidence on video games that encourage customers to pay with real money for rewards – a move that could lead to loot boxes being reclassified as a form of gambling following concerns they were targetting children. The last few years have seen loot boxes become a controversial issue associated with video games. This week, the Department for Digital, Culture, Media and Sport is set to roll out a call for evidence on the feature that has increasingly become more and more common in video games…

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Brexit Uncertainties Fuel Lots of Questions Regarding the Fate of the UK Gambling Sector

Brexit Uncertainties Fuel Lots of Questions Regarding the Fate of the UK Gambling Sector

The withdrawal of the UK from the European Union (EU) is already a reality but the Brexit and its potential effect on the country’s gambling sector has remained a topic greatly discussed. For the time being, the UK gambling industry is estimated at about £15 billion on an annual basis. More than 100,000 people are employed in the sector and gambling operators generate tax revenue of about £700 million to the country’s coffers. According to estimates, gambling accounts for 0.5% of the gross domestic product (GDP) of the UK. Following…

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New 18-Month Research to Study Coronavirus Lockdown Impact on British Gamblers

New 18-Month Research to Study Coronavirus Lockdown Impact on British Gamblers

New major research has been released to study the impact that the Covid-19 lockdown has had on the UK gamblers’ behaviour, including the behaviour of individuals who are part of so-called “high risk” groups. The project is carried out in collaboration between the Universities of Stirling and Glasgow. It is set to study and analyse the effect that the restrictions imposed during the coronavirus pandemic had on young adults and sports punters. In addition, the research is to also focus on the marketing and advertising of gambling companies’ products during…

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Alderney Gambling Commission Reports a Decline in Issued Gambling Business Licences in 2019

Alderney Gambling Commission Reports a Decline in Issued Gambling Business Licences in 2019

The Alderney Gambling Commission revealed in its 2019 annual report that the number of gambling businesses that were granted with operating licences declined from 53 in 2018 to 33 in 2019. As revealed by the gambling regulatory body itself, the Alderney Gambling Commission issued a total of six new licences, down from eight licences issued in the previous year. Also, a further 27 gambling operating permits were renewed. The gambling watchdog said Cashbet and Genting were among the companies that saw their licences expire in the period. The same applies…

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New Payment Platform for Gambling and Liquor Transactions Unveiled by the NSW Government

New Payment Platform for Gambling and Liquor Transactions Unveiled by the NSW Government

The government of New South Wales (NSW) has started providing local citizens with the chance to pay for some online government services through the New Payment Platform (NPP). Last week, the new near real-time payment method was released by the Department of Customer Service on the Liquor and Gaming portal by the state’s governmental authorities. The New Payment Platform is available and could be used alongside the payment options, such as BPAY, which already exist for local customers. It can be used by entities to pay their gambling and liquor…

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NSW to Become the First Australian State to Welcome Poker Machines Back into Action Following Covid-19 Shutdown

NSW to Become the First Australian State to Welcome Poker Machines Back into Action Following Covid-19 Shutdown

Clubs in New South Wales (NSW) could soon welcome crowds of more than 500 people in some venues. According to an internal industry document, large clubs that have multiple dining areas will be permitted to accommodate hundreds of people in case they meet certain conditions. Josh Landis, the CEO of ClubsNSW, sent a memo to member clubs across the state boasting that the industry heavily influenced the state government’s decision to ease the restrictions on the hospitality sector in New South Wales. Mr Landis explained that before making the decision…

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Legal Dispute between Mayfair Casino and Saudi Businessman over Gambling Debt Remains Open

Legal Dispute between Mayfair Casino and Saudi Businessman over Gambling Debt Remains Open

A multimillionaire Saudi businessman has remained clenched in a lengthy dispute with a Mayfair casino over an alleged gambling debt amounting to £2 million. Sheikh Salah Hamdan Al Balawi, who is known for having assets exceeding £100 million, has been charged with a failure to settle a debt with the Les Ambassadeurs Club. The global assets of the Sheikh were halted in February 2020 after the London-based casino claimed that it had been unable to reach the Sheikh. According to reports, the 52-year-old Sheikh become inaccessible when cheques issued in…

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Brick-and-Mortar Betting Shops and Gambling Arcades in the UK Could Resume Operations as of June 15th

Brick-and-Mortar Betting Shops and Gambling Arcades in the UK Could Resume Operations as of June 15th

Retail betting outlets and gambling arcades, which have been included by the British government on the list of so-called non-essential brick-and-mortar businesses, may be permitted to resume operations in June. At the daily coronavirus briefing held by the Government at the beginning of the week, Prime Minister Boris Johnson revealed provisional plans under which the above-mentioned “non-essential businesses” will reopen on June 15th. During the briefing, the Prime Minister announced that a “staged reopening” of the country’s retail sector is set to be managed by the UK Government. As revealed…

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