Tag Archives: Gaming regulation

Rumour Truss will scrap gambling review may be bad news, analyst warns

Rumour Truss will scrap gambling review may be bad news, analyst warns

Regulus Partners analyst Dan Waugh warned against the industry celebrating rumours new prime minister Liz Truss would abandon the Gambling Act review, instead arguing the news may be “worst outcome for industry”.

A report from Guardian chief political correspondent Jessica Elgot concerning general government plans to scrap a number of legislative proposals noted “rumours” that the Gambling Act review was among the proposals that could be axed.

Long-delayed process

The Gambling Act review has been in motion since late 2020, having initially been on the Conservative Party manifesto in 2019.

However, various delays have meant that a white paper outlining the government’s wish list for reforms has still not been published.

A major factor in the repeated delays appeared to have been changes in personnel, with four different ministers having overseen the legislation since it began.

Chris Philp, who at the time was responsible for the review, said in his July resignation letter that th..

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Rhodes reveals Gambling Commission plans to “ramp up” enforcement

Rhodes reveals Gambling Commission plans to “ramp up” enforcement

Gambling Commission chief executive officer, Andrew Rhodes says the regulator will escalate penalties for failings, adopt more “prescriptive” approach to customer interaction and “ramp up” enforcement if industry continues to fail to live up to the Commission’s standards.

Rhodes made the remarks at the Westminster Media Forum Regulation Conference, where he spoke on the current state of the landscape in the industry ahead of the release of the Gambling Act review white paper. Rhodes hinted that the contents of the white paper should not necessarily be a surprise to anyone paying attention to the GC’s public comments.

“On behalf of the Gambling Commission, without waiting for what the white paper may bring, I can give you an overview on what we think needs to happen to make gambling in Great Britain as fair and safe as it can be, and what our next steps are to achieving that,” said Rhodes.

However, the regulator also said again that the regulator will not wait for the review to chan..

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Swedish government scraps deposit cap plans

Swedish government scraps deposit cap plans

Sweden’s government has scrapped plans to impose new restrictions – including a SEK4,000 slots deposit cap – for online casino products.

The Swedish government announced earlier this month plans to reintroduce a number of temporary measures for the gambling sector, including a deposit cap, after a previous SEK5,000 cap had been in place for much of 2020 and 2021.

The cap – alongside other measures such as a SEK100 limit on sign-up bonuses – was set to be made official today (27 January) and come into force on 7 February, but the government instead opted to abandon the plan.

Gustaf Hoffstedt, secretary general of industry association BOS, which met with state secretary Alejandro Firpo earlier today, said the government made the right choice as the cap did not reduce gambling harm.

“It is a wise and well-balanced decision that the government has made,” Hoffstedt said. “Partly based on the general development of the pandemic. Partly, and above all, because precisely these restriction..

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