Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Latest News

UK MPs Urge Online Gambling Firms to Impose Betting Cap of £50 a Day

Published

on

UK MPs Urge Online Gambling Firms to Impose Betting Cap of £50 a Day
Reading Time: 2 minutes

 

Members of Parliament in the UK have asked the online gambling firms to impose a temporary betting cap of £50 a day during the Covid-19 crisis, as evidence emerged that they are pushing punters towards riskier wagers in the absence of the mainstream sport.

Gambling companies changed strategy after the cancellation of major sporting events. With events such as the Premier League and Grand National cancelled, gambling companies are heavily promoting obscure sporting competitions, computer-generated “virtual” sports and online casino games.

In a letter to the Betting and Gaming Council, MPs in a cross-party group urged firms not to put protection of their finances before customers’ wellbeing.

“We are deeply concerned that as we go deeper into this crisis, more and more people will turn to online gambling as a distraction,” wrote Labour’s Carolyn Harris, the Conservatives’ Iain Duncan Smith and SNP MP Ronnie Cowan.

“If the industry were to self-impose a daily limit of £50 … it would be a clear demonstration that the industry is willing to act responsibly and do what they can to protect society and peoples’ finances, at this dreadful time.”

Experts warned that people with a gambling disorder, many of whom will be cooped up at home during the coronavirus crisis, are prone to betting on events whose outcome they cannot possibly estimate.

“In our clinics some of the most harmful gambling is that which diversifies to betting on things our patients know nothing about. The industry continues to do all it can to increase profits, keep gamblers immersed and in continual play, at the expense of people’s lives,” Matt Gaskell, clinical lead for the NHS northern gambling clinics, said.

“If they’re targeting someone to bet on this kind of sport, or computer-generated events, it can only be because that person is someone with a problem, to be gambling on something that obscure. It’s the industry trying to capitalise on a national disaster, encouraging problem gambling with reckless and foolhardy behaviour,” Harris said.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.