In the UK, a group of MEPs in the House of Lords between the Jury reportedly stated that the country's iGaming industry should be overhauled by implementing 50 recommendations.
According to the SBC News report, Peers for Gambling Reform made its suggestions to the House of Lords Special Committee on Social and Economic Impact of the Gambling Industry Report. A body of approximately 277 members allegedly argued that the industry should be forced to implement effective affordability controls and be banned from offering any direct incentives such as deposit bonuses.
The source explained that the study conducted by Peers for Gambling Reform It also called on the operators of online casinos and sports betting in Great Britain is prohibited from direct marketing of its services or sponsorship of matches or sports teams. Moreover, he recommended entering an enforceable code " duty of care "And" gambling advocate "To make amends and obligatory" smart ”A fee to finance research, education and medical expenses.
The United Kingdom is currently carrying out a generational review 2005 Act on gambling and parliamentarians also reportedly demanded that the industry be obligated for testing and evaluating games with regard to their potential to cause harm. The group was also to recommend a game speed limit in addition to similar stake thresholds reviewed every three years .
Other Peers for Gambling Reform suggestions reportedly included regulating "loot boxes" Gambling Commission , improving security " VIP programs ”And establishment the NHS's Gambling Addiction Support System .
Lord Foster of Bath, Donald Foster Chair for the Peers for Gambling Reform, reportedly affirmed that his group's recommendations would benefit the country by creating jobs, increasing additional tax revenues, and providing a boost to research funding, education and treatment. In addition, a Liberal Democrat MP allegedly stated that each proposal was scrutinized to assess " hypothetical direct effects "On gross profit from games, tax liabilities and costs of operators before modeling their macroeconomic effects using" simplified input-to-output method ”.
A study by Peers for Gambling Reform reportedly estimated that a hit to the UK iGaming industry's total annual profitability as a result of the full implementation of its reforms would likely fall into three categories as a consequence. They allegedly included " huge impact "Worth to
£ 974 million ($ 1.3 billion) and ' medium impact 'topping on £ 819 million ($ 1.1 billion) and " little impact 'with approx £ 750 million (983 million) .
However, the report reportedly held that " industry profits are likely to exceed these financial costs ”And indicated that aggregate profits after tax are leading operators Entain , Flutter Entertainment , Camelot , William Hill and Plant 365 in 2019 came Fr. £ 697 million (984 million) . Reportedly revealed that this figure does not include £ 277 million ( million) salary paid to the CEO of Bet 365, Dennis Coates or profits recorded by other players in the industry.
Reportedly read Lord Foster's statement ...
“The evidence base and now the economic rationale for the reform has already been presented. This government now needs determination to deal with this . "
Nevertheless, the head of the influential Betting and Gaming Council lobby group, Michael Dugher (pictured), reportedly reacted by mocking " fantastic numbers "Peers for Gambling Reform and describing the idea that growth would be stimulated by further restricting the UK iGaming industry as" economically stupid ”.
Betting and Gaming Council represents roughly 90% UK gaming, sports betting, casino and bingo operators and SBC News used the second report to reveal it these companies together are already contributing around £ 100 million ( million) annually to support research, education and treatment programs. It has reportedly been found to be an add-on to £ 14 million (14.1 million)which is communicated annually to the program Young People's Gambling Harm Prevention .
Dugher reportedly announced ...
“Banning gambling has always been a dream to somehow make people quit gambling or to gamble less just because they don't like betting. A minority of peers may look down on the millions of working people who like to bet, but the truth is that the overwhelming majority do it perfectly safely . "