Published on October 7, 2014 in Industry News

UK FlagThe world of online gambling in the United Kingdom is about to change as the new UK gambling regulation is set to come into effect.

This new Gambling Act (governing Licensing and Advertising) will see gambling operators needing to acquire a license which comes with a hefty price tag and ongoing annual levy, amounting to a staggering 15% of the amount wagered online by the British population. A move which is estimated to add close to £300 million to the tax coffers.

GBGA challenges new laws:

In a recent announcement the initial commencement date of 1 October has been shifted to 1 November 2014. The reason for this delay is the Gibraltar Betting and Gaming Association (GBGA) who have set in motion a legal action to fight what they call an “unlawful” gambling law which directly contravenes EU trade law. The GBGA further argues that the restriction of access to legislated gambling providers will see the British population accessing illegal and thereby unsafe sites, potentially exposing them to unnecessary risk.

Casinos no longer accepting UK players:

Some of the groups who have announced their departure are: All Digimedia casinos, The Palace Group, Imperial E-Club Limited Casinos, SBOBet, Vegas Partner Lounge Casinos, Pinnacle Sports and its casino. In addition to these; Grand Reef Casino, PlayCherry and Tropezia Palace Casino will also be closing their doors to the UK. Some of the aforementioned casinos are however taking steps to ensure that their customers are offered new accounts at licensed sites such as William Hill.

Down but not out:

Although the current climate will see many UK players being turned away from their favourite gambling sites as the 1st of November deadline draws nearer the action of groups such as the GBGA remains a source of hope for many operators who would like nothing more than to stay in the UK and continue to provide safe quality entertainment under the current Gibraltarian regulations.