The adjustments of regulatory policy are targeting remote gambling sites, which provide their services through mobile casinos and online betting. The Exchequer is targeting the remote gambling operators because of how popular they are and their alarmingly increased fastest withdrawal online casino canada usage of free bonuses to obtain the maximum out of the market.
Sign Up Promotion Bonus Regulation Changes
The other change that has had a tremendous effect in the gambling industry at large is the regulatory updates on the signup promotions imposed by the CMA. Following a probe by the CMA back in , the body discovered that most casinos and bookmakers in the UK offer unfair signup promotions and bonuses which entice new players.
The CMA further established that these bonuses and promotions lacked clear terms and conditions which leads to users’ confusion. Players end up joining the promotions they don’t fully understand. These unclear and confusing terms trick the players into making less informed decisions which they end up regretting later.
- Clearly outline the terms and conditions of any promotion or free spin, any casino bonus or free bet, or any mobile casino bonus afforded to the users. Vague or unclear terms will attract punitive action from the UKGC.
- Casinos and gambling companies must not oblige users to participate in publicity stunts aimed at promoting the services of the bookmakers or casino sites for them in order to draw out the winnings earned from wagering bonuses and promotion freebies.
- UK online casinos have to clearly state the restrictions and limitations of different free bonuses and bets given to the users. Casino companies should not withhold any gambler’s money based on the vague terms, requirements or conditions attached to the bonuses awarded to them.
All casinos operating in the UK are expected to fall along with this new set of regulations lest they face disciplinary action from the United Kingdom Gambling Commission. Continue reading «Consequences of UK Strict Regulation of Casino Bonus for Casinos and Players»