Latest News
Social Market Foundation Proposes £100-a-month Spending Cap on Online Gambling
The Social Market Foundation (SMF) has released a new report into online gambling, with the main recommendation being that a £100-a-month spending cap should be implemented.
SMF, a cross-party think-tank, also calls for a sweeping overhaul of the way gambling firms are taxed, to put financial pressure on companies registered abroad to bring their operations to Britain.
SMF proposed a comprehensive new framework of regulation and oversight for a gambling sector increasingly dominated by online playing. Its report comes ahead of a Government review of the 2005 Gambling Act, which ministers have said is not suitable for an era of online gambling.
The report recommends new “affordability checks” to protect gamblers from serious financial harm. It proposes a “soft cap” on spending where anyone who wanted to spend more than £23 a week on gambling products would have to prove they could afford to lose the money without hardship.
The report also said that the stake limits on online slot games proposed by regulators should be set between £1 and £5. Non-slot online gambling games should face new restrictions on the way they are designed rather than financial limits, the SMF said.
The report also proposes a complete reform of the way gambling operators are taxed, to put greater burdens on firms based offshore in Gibraltar or the Isle of Man, and reduce the tax faced by companies that bring their operations “onshore.”
The smaller a firm’s footprint, the higher the levels of Remote Gaming Duty and Betting Duty they should face, the SMF said. The proposed system would reward companies that bring their operations to Britain, while increasing the costs of operating “offshore,” the report said.
“Gambling taxation should be redesigned around a system of incentives which reflect a company’s level of onshore presence. This means that operators could still decide to base their headquarters in locations like Gibraltar, the Isle of Man, or Alderney, but that decision would carry significant tax implications,” SMF said.
The report also calls for a comprehensive shake-up of Whitehall and the public bodies overseeing gambling and gamblers. The structures created by the 2005 Gambling Act are “no longer fit for purpose,” SMF said.
The Department for Digital, Culture, Media and Sport should no longer have sole responsibility for gambling policy, being replaced by a new cross-government Gambling Quartet, SMF said.
The lead author of the report is Dr. James Noyes, a leading authority on gambling policy and a former adviser to Tom Watson MP.
James Noyes said:
“For too long, gambling operators have talked about the need to protect their customers, but have not worked together in order to make affordability checks a reality. A fixed cap that applies across operators is the only way that consumers can be protected from harmful spend. Our proposed threshold sets the bar low enough to protect everyone, including those on low income, but is high enough to reflect the vast majority of gambling activity among the general population. Gamblers should be free to spend more than this threshold – but only after they show that their gambling is neither unaffordable nor harmful.”
On tax:
“We need to see an end to the problem of offshore gambling tax avoidance. Gambling taxation should be redesigned around a system of incentives which reflect a company’s level of onshore presence. This means that operators could still decide to base their headquarters in locations like Gibraltar, the Isle of Man, or Alderney, but that decision would carry significant tax implications. The message to online gambling operators should be clear: if you want to benefit from the British market, then make a commitment to being based in Britain.”
Latest News
Classic online slot provider 1spin4win reaches 500+ clients
Fast-growing online slot provider 1spin4win celebrates a milestone of 500+ forged partnerships.
As part of 1spin4win’s 2024 year in review, the young but already prominent company announces that its portfolio of 130+ slot titles is now available to half a thousand reliable casino operators on its ever-expanding client list.
Tanya Pisarchuk, Sales Manager at 1spin4win, commented, “We appreciate the trust put in our well-balanced slots by our incredible partners. 1spin4win’s timeless classics have already earned the respect of such giants as Pin-Up, Blaze, Rox, BitStarz, Lucky Dreams, RocketPlay, and GG.Bet, and we are sure that hitting the 500-client mark is just half the journey to secure an even more impressive 1,000.”
With such an achievement, the studio proves that carefully executed classic slot games remain in demand in the iGaming market. 1spin4win’s portfolio stands out with a variety of titles featuring popular Hold and Win and Bonus Spins mechanics and coin-only slots and, on top of fruit and gem themes, explores storytelling through memorable characters with compelling narratives. Focused on delivering pure gambling experiences, 1spin4win is a provider that constantly keeps evolving and offers seasonal releases: Christmas, Easter, St. Patrick’s Day, Halloween, and Oktoberfest–themed slots.
The slot provider’s growth is also attributed to its persistent focus on customer support and continuous improvement by closely working with its partners to understand their needs. 1spin4win delivers advanced packages of 10 languages and multicurrency support, including crypto, while its tailored solutions and promo tools help online casinos enhance player engagement and retention.
The company is determined to expand and solidify its presence in the LatAm market, and this is one of its primary goals for the following year.
Find out more about 1spin4win and its offers on the company website.
About 1spin4win
1spin4win is a fast-growing game provider founded in May 2021 by ambitious developers with over 15 years of experience in the gambling industry. Since its inception, the company has expanded its portfolio to include over 130 classic online slots, all characterized by quality mathematics, transparent mechanics, and well-balanced gameplay — key factors that drive strong player retention. The studio consistently releases an average of three new games each month and offers effective promotional tools for casino operators to help them enhance player loyalty.
Asia
JETSYNTHESYS WELCOMES GOPAL SRINIVASAN, MADHUSUDANAN R, AND ARJUN SANTHANAKRISHNAN AS CHENNAI FRANCHISE OWNERS FOR GLOBAL E-CRICKET PREMIER LEAGUE SEASON 2
JetSynthesys, a global leader in digital entertainment and technology, announces the addition of prominent industry leaders including Gopal Srinivasan, Chairman of TVS Capital Funds Limited, Madhusudanan R, Co-founder of M2P Fintech and Arjun Santhanakrishnan, Group CEO of GS Global as the team owners for the Chennai franchise in the second season of its popular IP, Global e-Cricket Premier League (GEPL).
Gopal Srinivasan, Madhusudanan R and Arjun Santhanakrishnan bring a wealth of expertise to GEPL’s growing ecosystem. Their acquisition of the Chennai franchise sheds light on the city’s deep-rooted connection to cricket, a sport that goes beyond entertainment to serve as a cornerstone of Chennai’s cultural identity. Their leadership and vision, coupled with their passion for innovation, will be instrumental in shaping the future of cricket esports in India and beyond.
The Global Esports Premier League (GEPL), hosted on the mobile app Real Cricket, JetSynthesys’ category-defining cricket video game, delivers the most authentic, immersive, and feature-rich cricket simulation experience for mobile users. Last year’s tournament attracted over 200,000 registrations and culminated in a rigorous selection process that identified the top 64 players who formed eight teams. The action-packed finale saw these eight teams play-off each other in and compete for global esports glory. With cumulative multiplatform reach of 70mn+, GEPL S1 was also streamed on JioCinema and witnessed a significant viewership of over 1.1mn+ mins.
Mr. Rajan Navani, CEO and founder, JetSynthesys, expressed his enthusiasm about these developments, “We are incredibly excited to have Gopal Srinivasan, Madhusudanan R and Arjun Santhanakrishnan join as the team owners of Chennai franchise. Their combined experience brings a fresh perspective that aligns perfectly with our vision to push the boundaries of cricket esports globally. Their involvement strengthens our resolve to not just grow GEPL, but to create an entire ecosystem where gaming, technology, and cricket intersect to inspire a new generation of gamers.”
The new team owners also shared their excitement about joining the league.
Mr. Gopal Srinivasan commented, “As a firm believer in the transformative power of technology, I’m happy to support the Global e-Cricket Premier League and the Chennai franchise. Esports offers a unique platform to nurture talent and foster inclusion. I look forward to witnessing the incredible skills and passion of our players and expanding India’s influence in the global esports landscape.”
Mr. Madhusudanan R added, “Cricket has always been a unifying force in India, and esports is rapidly transforming how we connect with the sport. Being part of the Chennai franchise in the GEPL allows us to tap into a growing digital audience and offer them a platform to showcase their skills. I am excited about the potential this league holds for fostering talent and pushing the boundaries of competitive eCricket.”
Mr. Arjun Santhanakrishnan said, “eCricket is redefining the boundaries of sports, and I am thrilled to be a part of this journey with the Chennai franchise in the Global e-Cricket Premier League. The blend of cricket, technology, and esports is creating new opportunities for fan engagement and innovation, and I look forward to witnessing the next generation of esports talent from Chennai rise on the global stage.”
Mr. Rohit Potphode, CEO & League Commissioner of GEPL, enthused on the occasion, “We are thrilled to have Gopal Srinivasan, Madhusudanan R and Arjun Santhanakrishnanonboard as the franchise team owners for Chennai. Their participation adds immense value to the league, not just from a leadership standpoint but in terms of fostering innovation and new opportunities for players. As we look ahead to Season 2, we are working hard to expand the league’s footprint and deliver an unparalleled competitive experience that will captivate both players and fans alike.”
The second season of GEPL is set to introduce an expanded team format, new league guidelines, and a more intense competitive framework, building on the success of Season 1. Real Cricket 24 continues to set the standard for cricket simulation with nuanced mechanics, challenging gameplay, and a focus on strategy. The finals for GEPL Season 2 are scheduled for January 2025, where the top teams will once again compete for the prestigious title of ‘e-Cricket Icon’ on a global stage.
Latest News
WinSpirit launches Sports Advent Calendar for an exciting December
WinSpirit, the online casino known for blending excitement with innovation, has unveiled its Sports Advent Calendar — a festive initiative designed to make December a month of thrilling challenges and surprises for sports betting enthusiasts. Running from December 3 to December 24, the Sports Advent Calendar offers players a variety of tasks that unlock unique rewards, turning everyday sports bets into opportunities for celebration.
A new approach to holiday cheer
WinSpirit has reimagined the holiday tradition of Advent calendars, swapping daily surprises behind paper doors for engaging sports betting challenges. “Our goal is to bring the festive spirit to the betting world by offering players enjoyable tasks and exciting rewards,” shared a WinSpirit spokesperson. This unique approach adds a dynamic twist to December, giving players plenty to look forward to throughout the month.
What to expect
The Sports Advent Calendar will feature new challenges every few days, ensuring there’s always something fresh to look forward to. While the full lineup remains under wraps, here’s a sneak peek at some of the tasks awaiting players:
- From December 13 to 15, 50 bet slips with odds from 1.7 will have their winnings randomly doubled every day.
- Bet on Eurocups tournaments and grab a 15 EUR Freebet for every 3rd bet of 30 EUR with odds from 1.70 (up to 3 Freebets per player).
- Create combos from 5 events with odds from 1.50 each and receive 50% cashback if only one leg loses.
By participating, players can discover a range of bonuses that enhance their experience without overwhelming them with complex tasks.
Each challenge is designed to inspire players to try something different while keeping the spirit of friendly competition alive. With new surprises unveiled throughout December, WinSpirit invites players to explore, engage, and make this holiday season their most rewarding one yet.
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