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UKGC: How will the ban on gambling with credit cards affect the industry?

George Miller

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UKGC: How will the ban on gambling with credit cards affect the industry?
Reading Time: 3 minutes

 

U.K’s Gambling Commission recently made a decision to ban gambling with credit cards. The Commission has been on a mission to promote responsible gambling and it looks like this is the next step. From now on players won’t be able to bet the money they don’t have on online games. The initiative has been around for over two years, ever since charity groups GambleAware and Citizens Advice first suggested the idea. According to the commission, around 22% of problem gamblers use credit cards to play, so it makes sense to introduce this ban in order to avoid credit card debt. This could be the start of the revolutionary approach to gambling that we haven’t seen yet. The U.K is pioneering the movement aimed at putting an end to risky gambling and promoting the responsible approach instead.

What the commission hopes to accomplish

By imposing this ban the commission hopes to promote the approach that urges the players to only spend within reason. When gamblers use credit cards it can become harder to know when to stop, because you’re not losing the money you already have. The whole appeal of the credit cards is also their biggest downside. They prevent you from thinking about money in a responsible way, in the industry where money can so often become an issue, it seems irresponsible to gamble away by using a credit card.

With this move, the commission hopes to promote a more balanced approach to gambling and it might be setting an example for other countries to follow as well.

This ban hasn’t been made official yet, and U.K’s major betting websites including PokerStars, 888, Betfair and Bet365 are still accepting credit cards on their websites and have previously received criticism for along their players to get themselves into huge debts.

It hasn’t been confirmed yet, but it is likely that payment services like Paypal and various e-wallets will also be banned.

This is a huge shift in the gambling industry and the feedback has been mixed. While this move will definitely help those with the spending problem to get their bad habits in check, for those who have no problem gambling responsibly even with credit cards it might become an inconvenience. But since the topic of responsible gambling has become so relevant, it makes sense that the U.K made this decision.

We’ve seen a major shift in the way authorities approach gambling and according to industry authority VegasSlotsOnline, there are more regulations coming in the way of the casino industry, such as the record fine of 2.34 million Euro imposed on Blackrock Media by the Malta Gambling Authority.

The future of gambling

Gambling has become a huge part of the entertainment industry and online casinos have only taken its popularity further. But with online casinos, it also became harder to control some aspects of gambling. For example with online gambling it might be harder to control whether or not the player is underage, there is more room for fraudulent activities and overall online casinos have presented a whole new set of challenges for the gambling community, playing with credit cards being one of them. The proactive approach aimed at creating a more regulated gambling scene will definitely make the change for the better in the industry, but it is a fine line between trying to regulate the negative aspects of it and then trying to keep the casinos under tight control. The second one will definitely not last very long while the first option can only bring positive changes to the community.

This trend of promoting responsible gambling can be seen in other parts of the world as well, and if the U.Ks effort turns out to be successful we will likely see the wider adoption of the new regulations across other countries as well.

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1×2 Network Strikes White Hat Gaming Partnership

George Miller

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1x2 Network Strikes White Hat Gaming Partnership
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1X2 Network has joined forces with White Hat Gaming to provide the leading regulated markets platform and content partner with slots and table games from its 1X2gaming and Iron Dog Studio subsidiaries.

The deal also includes the opportunity for White Hat Gaming to seamlessly connect to 1X2’s 3PI aggregation platform which now boasts 16 unique studios that are not commonly found with other aggregators, including the likes of the recently announced Black Pudding.

These titles line up alongside popular 1X2 Network games including Blood Queen, Viking Wilds, Battle Maidens and the developer’s first MegawaysTM slot, Pirate Kingdom Megaways. Operators will also be able to offer their players a selection of exciting table games and Virtual Sports that are on offer by 1X2.

1X2 Network is renowned for designing and developing games that pack a punch visually while also delivering a knock-out player experience thanks to the smart math and complex mechanics found underneath the canvas.

Kevin Reid, Chief Commercial Officer of 1X2 Network, said: “We are delighted to have partnered with White Hat Gaming, a company we regard as one of the most reputable platform providers in the world”.

“This deal will propel our popular online casino and RNG content onto more brands and to more players than ever before.”

Mike Dearling, Head of Games at White Hat Gaming, said: “We have built a reputation for offering one of the largest portfolios of quality online casino content which is why we wanted to add titles from 1X2 Network’s 1X2gaming and Iron Dog Studio brands.

“Their games have soared in popularity in recent months thanks to their incredible design and entertaining gameplay.”

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Industry News

Aristocrat Unveils Three New Cabinets for EMEA Region at ICE 2020

Niji Narayan

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Aristocrat Unveils Three New Cabinets for EMEA Region at ICE 2020
Reading Time: 2 minutes

 

Aristocrat Technologies has reported ICE 2020 as its busiest and most significant launchpad event to date.

At the event, the company unveiled three new cabinets for the EMEA region, presented 111 different games for casino, bingo and salon markets and announced new partnerships to expand the company’s content footprint in Europe.

James Boje, Aristocrat Managing Director – EMEA, said, “Visitors to our stand shared very high levels of excitement and enthusiasm as they were shown Aristocrat’s rich portfolio of new innovations.

“Never before has Aristocrat launched three new form factors into this region simultaneously and reaction to our new MarsX™, EDGE X™ and Relm™ cabinets, all of which have proven themselves in North America and now too in Europe, was highly rewarding. This is testimony to the industry-leading levels of design and development investment made by the company across successive years in our endeavours to deliver the world’s greatest gaming experience, every day.

“Our game studios upped the ante yet again, with a plethora of A-list licensed themes – including FarmVille™, Madonna™, Mad Max: Fury Road™, The Walking Dead™ III, Game of Thrones: Winter is Here™, Star Trek™: The Next Generation, Billions™ and Zorro™ – which will continue to deliver globally renowned brands to enthralling gaming entertainment.

“Huge interest was also shown in proprietary link concepts Cash Express™ Luxury Line™, Gold Stacks 88™ Link, Dragon Tower Jackpots™ and perennial performers Dragon Link and Lightning Link, that continue to engage players across the world up to five years on from their initial release.

“Standalone games also made a big impact with operators due to the sheer number and creativity of new maths models on offer, drawing on both proven mechanics as well as a number of inspirational new ideas.

“The bingo portfolio was also enriched with a mix of new local area progressive games together with a selection of classic games that have delivered time and time again in numerous gaming segments around the world.

“Aristocrat demonstrated its commitment to the Spanish salon sector with a range of new games, cabinets and new and exciting bank configurations which, through our new extended partnership with local distributor VID, will be rolled out across Spain over the next 12 months.

“We continue to explore new market segments to help grow our footprint throughout the region and a new content distribution agreement with Inspired Entertainment, Inc. was signed at the show that will see bespoke Aristocrat content delivered to players through Greek video lottery terminals, Italy’s comma 6B market and the United Kingdom B3 market.”

Boje concluded, “ICE 2020 was undoubtedly our most productive show on record as Aristocrat continued to strengthen existing partnerships whilst developing new relationships that will lead to more players engaging with our unique brand of gaming entertainment – a truly brilliant way to enter a new decade.”

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Evolution Gaming Partners with Mycasino.ch

Niji Narayan

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Evolution Gaming Partners with Mycasino.ch
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Evolution Gaming has partnered with online casino mycasino.ch, operated by Grand Casino Luzern, to provide online Live Casino services.

Grand Casino Luzern’s online service allows remote customers to play Evolution’s live dealer games, including exclusive game show titles such as Lightning Dice, Dream Catcher and Football Studio, as well as Roulette and Baccarat from the wide-ranging, award-winning Evolution portfolio on their smartphones, tablets and desktops.

“The ‘good reputation’ of operators’ online partners is a critical part of our country’s new gambling regulations. It was clear to us that Evolution Gaming has an exemplary track record and reputation in regulated markets globally. In that regard, and of course with regard to the quality of their Live Casino solutions, Evolution was the perfect partner for mycasino.ch,” Wolfgang Bliem, CEO of Grand Casino Luzern, said.

“We are delighted to be working with such a special and historic casino. mycasino.ch is amongst the first concessioned Swiss online casinos to offer a world-class, fully compliant Live Casino service to Swiss players. We are confident that our wide range of outstanding Live Casino games will be the perfect addition to mycasino.ch’s offering,” Sebastian Johannisson, CCO of Evolution Gaming, said.

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