British Gambling Regulator Shared The Results Of The Restrictive Program
Uk gambling commission (ukgc) summed up the work of the restrictive program developed jointly with the office for competitive markets (cma). The results of the activities of departments were published in a joint letter.
The gambling regulator marks significant changes in the work of six british gambling operators: ladbrokes, william hill, pt entertainment, bgo, jumpman gaming and progress play. Representatives of the above-mentioned companies have committed itself to stop and not repeating the actions called cma unlawful. The impact of such a decision will affect not only specific operators, but also the sector as a whole.
The gambling regulator believees that british operators have lost user confidence, and therafore it is trying to rehabilitate companies in the eyes of the public. Despite the fact that the work on the program came to an end, representatives of both departments declare that there are still many unsolved problems in the industry.
Thus, companies still have to be audited in accordance with the introduced changes, study their impact on business processes, as well as constantly pay attention to checking compliance with new rules. According to the gambling regulator, it is necessary to ensure high consumer protection standarts.
Moreover, the office advises operators to become an example of a good attitude to customers, paying winnings woveloping competent advertising promotions.
Previously, gvc holdings, the ladbrokes managing company called on to tighten the rules of gembling advertising in an attempt to speak by the moral leader in the industry.
Recall that the joint program has occurred effect. In august 2018, jumpman gaming and progress play simplified the processes of information of funds, and also ceased to the practice of confiscation of funds from inactive accounts. In addition, ladbrokes, william hill and playtech announced the expansion of promotions, making them more accessible and convenient for players.
However, both departments announced that cma and ukgc partnership will be extended. It is planned that cooperation will be aimed at analyzing the observance and detection of unlawful actions in the industry.
Earlier, the great britain’s gambling regulator reminded licenses about the responsibilities of operators related to preventing money laundering cases on gambling platforms.
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