FCA Proposes Stricter Rules on Spread Betting on CFD Products

FCA Proposes Stricter Rules on Spread Betting on CFD Products

Today, the Financial Conduct Authority (FCA) suggested harsher sanctions to be imposed on companies that sell “contract for difference” (CFD) products to retail customers. The UK watchdog believes that such measures would be beneficial in terms of customers protection, especially considering the fact that sometimes retail customers do not properly understand CFD products. The Executive Director of Strategy and Competition division at the FCA Christopher Wooland shared that the FCA had been concerned about the constantly increasing number of retail customers who did not understand CFD products adequately. He explained…

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ICE Totally Gaming Organisers to Add Special Bingo Floor

ICE Totally Gaming Organisers to Add Special Bingo Floor

The organisers of the largest event in the gaming industry – the 2017 ICE Totally Gaming trade show – have revealed that a new and expanded area will open in order for them to meet the specific demands of the land-based bingo sector. So, Charion Events that to date organise the ICE Totally Gaming trade show, explained that its team has worked in collaboration with The Bingo Association in order to design a marketing and networking space that would be dedicated exclusively to bingo. The Managing Director of Clarion Events’…

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FOBTs Crackdown and Possible Effects on UK Gambling Operators

FOBTs Crackdown and Possible Effects on UK Gambling Operators

Gambling has grown into a thriving industry in the United Kingdom, as the Gambling Commission’s latest market report showed. A total of £13.6 billion was generated in gross gambling yield (GGY) between April 2015 and March 2016. This places the local market among the largest regulated ones in the world. According to the most recent industry report, online gambling has turned into the dominant segment, accounting for one-third of all proceeds generated during the above-defined period. Yield from online gambling options totalled £4.5 billion. Although retail gambling may have lost,…

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GambleAware Welcomes New RGSB Research Programme on Problem Gambling

GambleAware Welcomes New RGSB Research Programme on Problem Gambling

A new research programme has been released by the Responsible Gambling Strategy Board (RGSB) as part of the latter’s decision to set out its priorities for a research that is planned to be carried out in the period from April 2017 to March 2019. Back in April 2016, the Research Commissioning and Governance Procedure was published, and now the RGSB is aimed at creating a research brief of its projects. The new research programme would provide more details on various questions, as well as on the very context of the…

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Wales Sees Further UK Government Measures against Problem Gambling and FOBTs

Wales Sees Further UK Government Measures against Problem Gambling and FOBTs

When it comes to casino, betting and gaming, problem gambling behaviour has been one of the scourges of the contemporary gambling industry not only in the UK, but globally as well. Problem gambling affects players of different gender, age and social status, and is characterised with the constant urge to gamble continuously regardless of the eventual negative consequences that may occur. For a few years now, the UK Government, regulatory authorities and non-governmental organisations have been focused on reducing the harmful effects of gambling activities in the country. At the…

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Gambling Control Bill 2013 to Radically Change Ireland’s Gambling Environment

Gambling Control Bill 2013 to Radically Change Ireland’s Gambling Environment

Problem gambling has become quite a problem in the region of Great Britain over the last few years. The situation is no different when it comes to Ireland. Due to the increased number of users affected by the harmful effects of problem gambling behaviour, three years ago, the Minister for Justice and Equality Alan Shatter announced that the Government has approved the General Scheme of the Gambling Control Bill 2013. The latter is expected to be officially rolled out in January 2017 and is expected to radically change the gambling…

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SBTech to Provide Chameleon 360 iGaming Platform to winmasters

SBTech to Provide Chameleon 360 iGaming Platform to winmasters

The leading provider of qualitative interactive sports-betting services and solutions SBTech revealed that it has reached a partnership agreement with the global casino and sports betting operator winmasters. Under the terms of the deal, SBTech is to provide its full Sports-Betting solution as well as the high-quality iGaming Platform Chameleon 360 to winmasters, which has succeeded in getting a huge market share in the regulated market in Romania. The winmasters brand has also been aimed at consolidating its presence in several other EU regulated markets. The Chief Executive Officer of…

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UKGC Warns 450,000 Children Gamble Weekly

UKGC Warns 450,000 Children Gamble Weekly

The UK Gambling Commission (UKGC) published its new Young People and Gambling Report to warn both parents and legal guardians that a recent survey has shown that the number of children who gamble on the territories of England and Wales on a weekly basis has reached 450,000. The Executive Director of the UK Gambling Commission Tim Miller commented on the regulatory body’s latest report, saying that the society was often reminded about the risks related to smoking, drinking and drug taking, especially when it comes to children. However, he emphasized…

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ASA Scolds Betfred for Misleading E-Mail Ad

ASA Scolds Betfred for Misleading E-Mail Ad

The Advertising Standards Authority (ASA) has issued a ruling on two complaints filed against Gibraltar-based parent company of Betfred – Petfre Ltd. Before publishing the ruling, the Authority investigated two issues, one of which was upheld and one was overruled. The investigation was initiated due to a promotional “welcome” email which the gambling operator Betfred sent to its newly-registered customers. The e-mail, received by users on July 3rd and 6th said that players would get a free bet of £30 by placing a £10 bet on sports. The text of…

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iGaming Entrepreneur Conference to Kick Off on December 8th

iGaming Entrepreneur Conference to Kick Off on December 8th

The gambling industry event organiser iGaming Busines (iGB) has officially revealed both the format and schedule of its “iGaming Entrepreneur Conference” which is to take place for a second time. The Conference will be hosted at London’s Grange Tower Bridge Hotel and will kick off on December 8th. The iGaming Entrepreneur Conference that is to take place at the beginning of December is especially organised for entrepreneurs, private equity, accelerators, incubators, venture capitalists and angel investors. It is aimed at demonstrating the value and advantages of the online gaming sector…

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