Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) LinkedIn
    The Business TimeThe Business Time
    Subscribe
    • London
    • Business
    • Finance
    • Marketing
    • Technology
      • Auto
    • Education
    • Entertainment
    • Lifestyle
      • Travel
      • Food
    The Business TimeThe Business Time
    Home»Entertainment»UK iGaming Operators Face Major Disruption from New Regulations in 2024 as 67% Remain Unsure of Impacts
    Entertainment

    UK iGaming Operators Face Major Disruption from New Regulations in 2024 as 67% Remain Unsure of Impacts

    EditorBy EditorNovember 9, 2023Updated:February 21, 2024No Comments4 Mins Read Entertainment
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The United Kingdom Gambling Commission, commonly known as UKGC, embodies the regulatory institution that supervises all gambling procedures and activities in the UK’s gambling industry. 

    The UKGC became functional under the Gambling Act 2005 as a non-departmental public authority. Its objective is to regulate commercial gambling, ensure fair gambling practices, and manage illegal actions such as underage gambling or exploitation of vulnerable audiences through aggressive marketing.

    Also, UKGC’s primary responsibilities are licensing gambling operators, regulating the online and offline market, and focusing on continuously improving the UK industry by promoting responsible gaming activities.

    Table of Contents

    • Most recent changes promote players’ responsibility
      • Deceptive ads have been banned
    • The rise of the black gambling market
    • Trustworthy sites
    • How to stay safe while gambling
    • The following changes sessions

    Most recent changes promote players’ responsibility

    In 2020, the UKGC strengthened player protections by banning credit card use for gambling. Moreover, it imposed more robust age and ID verification and affordability checks. Thus, the black market peaked, so they had to bring more ideas to the public.

    They began to implement requirements for us to identify and interact with customers who exhibit signs of problem gambling.

    Deceptive ads have been banned

    One of the greatest things from the last five years is the ban on masked ads. The body ensured our children a safer environment by stopping advertisements that appeal to youth. No casino can create marketing campaigns for teens or barely legal youth.

    After this change, the authority increased the fines and other sanctions against operators who violate rules, fail to protect players or exhibit poor anti-money laundering practices. Over £20 million in penalties were issued in 2020 alone.

    The rise of the black gambling market

    A phenomenon appeared at the beginning of 2018 that is one of the main issues in the industry today: the black market. This dark side of gambling makes people trust bonuses and steal their time, money, and data.

    About 60% of gamblers who open accounts on illegal gambling sites do it without knowledge. They simply did not research enough and believe their marketing campaigns. Yet, the remaining 40% register on pirate casinos on purpose because these do not have the Gambling Addiction Protocols in place.

    So even if they have severe addiction problems and are in the national program to stop playing, these casinos don’t say a word to the authorities and make people lose their houses, sanity, and humanity.

    Trustworthy sites

    To promote stability despite regulatory changes, operators verified by the UKGC, such as Monopoly Casino, an online gambling platform offering over 1000 slot games, already started focusing on compliance and adaptation for upcoming changes in 2024.

    For example, over half will need to implement updated KYC technology to adhere to new anti-money laundering laws. Proactive planning and investment in compliance tools, like identity verification software projected to cost £2.1 million industry-wide, will allow UK casinos to maintain reputability as rules rapidly evolve.

    How to stay safe while gambling

    There are a few rules you need to follow before UKGC implements further regulations and gets rid of all black market sites. Firstly, you should think about the reason you want to play online.

    The reason will guide you towards your next step: bonuses. Should you use bonuses?

    Absolutely, but be aware of their regulations.

    Make a list of 4-10 casino sites that caught your attention because they had the bonuses and games you wanted. After you have your list, find a listing platform and read reviews written by specialists.

    You can also check people’s opinions on forums, but usually, they are biased. Professionals are unbiased, and they only want to inform you about the perks and dangers.

    Find the casino’s licensing, players’ protection protocols and anti-money laundering plan. All casinos in the UK must have Gambling Addiction Tools and a UKGC functioning permit.

    If all of these are good, you’re safe to play. Open an account with your data, follow the KYC procedures, and start spring reels or wheels.

    The following changes sessions

    After the Pandemic years, when people stood inside and gambled more, and the Single Customer View failed, the authorities seemed to agree on some important aspects.

    We believe that the authority will further impose stricter rules for KYC procedures and spending limits. The ideas exist, but they need time to be adapted to the market and understood by people.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleChoosing Your Bet: How to Pick the Ideal Non-GamStop Casino
    Next Article How to Book an Appointment to Register a Birth or Death in the UK
    Editor

      Related Posts

      Online Casino Trends and Features: What Gives the Upper Hand to Crypto Casinos

      June 17, 2025

      Start a Profitable iGaming Side Hustle in 2024: Tips & Tricks

      May 13, 2025

      Succeeding in Solo Ranked Matches in Valorant

      April 25, 2025
      Latest Post

      Online Casino Trends and Features: What Gives the Upper Hand to Crypto Casinos

      June 17, 2025

      Reducing Stress for Better Health and Well-being

      June 16, 2025

      Where to Spend Your Upcoming Vacation: The 2025 Hot List of Cities to Visit

      June 16, 2025

      The Ultimate Guide to Branding in 2025

      June 12, 2025

      Mentorship: 3 Tips on How to Do It Right

      June 10, 2025

      Steps to Launching Your Own Software Company

      June 10, 2025

      Francisco Javier D’Agostino, cleared by OFAC, removed from U.S. sanctions list after no Maduro ties found

      June 9, 2025

      3 Simple Tips for Creating Buzz for Your Brand

      June 7, 2025

      Car Financing Advice for the Self-Employed

      June 7, 2025

      Take the Stress Out of Writing: Expert Paper Writing Services for Your Success

      May 20, 2025
      About
      About

      Welcome to The Business Time – UK’s Leading Business Magazine. We are a UK-based business magazine that covers all trending and relevant business stories around UK.

      Facebook X (Twitter) LinkedIn
      Latest Post

      Online Casino Trends and Features: What Gives the Upper Hand to Crypto Casinos

      June 17, 2025

      Reducing Stress for Better Health and Well-being

      June 16, 2025

      Where to Spend Your Upcoming Vacation: The 2025 Hot List of Cities to Visit

      June 16, 2025
      Quick Links
      • London
      • Business
      • Finance
      • Marketing
      • Technology
        • Auto
      • Education
      • Entertainment
      • Lifestyle
        • Travel
        • Food
      © 2025 The Business Time.
      • About Us
      • Privacy Policy
      • Write for us
      • Contact us

      Type above and press Enter to search. Press Esc to cancel.

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
      Cookie settingsACCEPT
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT