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BGC Welcomes Lucy Powell as New Shadow Secretary of State for DCMS and Alex Davies-Jones as Shadow Gambling Minister

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BGC Welcomes Lucy Powell as New Shadow Secretary of State for DCMS and Alex Davies-Jones as Shadow Gambling Minister
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The Manchester Central MP, who was previously Shadow Secretary of State for Housing, was given the new role as Labour leader Keir Starmer carried out a frontbench reshuffle.

She replaces Jo Stevens, who is the new Shadow Secretary of State for Wales.

Michael Dugher, chief executive of the BGC, also welcomed Alex Davies-Jones on her appointment as Shadow Gambling Minister, where she replaces Alex Sobel. Alex Davies-Jones was previously a member of the DCMS Select Committee.

He said he looked forward to working with both Ms Powell and Ms Davies-Jones as the Government continues its Gambling Review and prepares to publish its white paper in the coming months.

Mr Dugher said: “On behalf of our members, who between them support 119,000 jobs, generate £4.5bn in tax and contribute £7.7bn to the economy in gross value added, I’d like to congratulate Lucy and Alex on their appointments.

“I know how incredibly talented both of them are and they are taking on big jobs at a really important time, as we await the publication of the Gambling white paper.

“As the standards body representing the regulated betting and gaming industry, the BGC strongly supports the Gambling Review as an opportunity to make more big changes and to further drive higher standards in safer gambling.

“According to the Gambling Commission, problem gambling rates have fallen from 0.6 per cent to 0.3 per cent in the past year, which suggests the work we have done since being established two years ago is having an impact.

“But one problem gambler is one too many, and I look forward to working with Lucy and Alex as we seek to strike the right balance between focusing in to better protect problem gamblers and those at risk, whilst at the same time ensuring that the millions of people who enjoy a flutter perfectly safely are able to do so without changes that might drive them to the unsafe, unregulated black market online.

“Our members play a vital role in supporting hard-pressed high streets through modern betting shops, as well as the hospitality, leisure and tourism sectors through casinos and bingo, and our world-leading British tech companies are employing thousands of people in good jobs in online betting and gaming. We want to play our part in continuing to support the economy and the public finances, as well as ensuring that our industry can continue to support sport and broadcasting.

“I would like to thank Jo Stevens and Alex Sobel for all their positive engagement with BGC members in the past, in particular for the support they gave the land-based sector that faced such difficult challenges being closed down during the Covid lockdowns”.

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PayPal Introduces New Software to Help Block Gambling Transactions

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PayPal Introduces New Software to Help Block Gambling Transactions
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PayPal, one of the largest and most popular online payments services, has recently adopted new software to help give customers better control over their gambling habits. The software, developed by Gamban, allows users to set up a block to prevent their accounts from being used for gambling transactions. This move comes not long after the UK banned gambling sites from accepting credit card payments.

PayPal is widely used around the world, processing over 3 billion transactions a year, with a value of $311 billion US dollars. While the majority of these are for online shopping and other online purchases, the service is also used on gambling platforms. PayPal has become a popular way of making deposits and withdrawals at online gambling sites, as it’s fast, safe and easy to use. Users can create an account, add funds from their bank or card and then make simple online payments.

Because of how popular it is all over the world, most online gambling services accept payments made using PayPal. It’s used international, so a wide range of the best online casinos and sports betting sites offer support for PayPal payments. Most iGaming platforms advertise this fact to their users, letting them know they can sign up and easily make a deposit to start playing.

Why Does PayPal Allow Users to Block Gambling Transactions?

Although gambling is fun for most people, it can become a habit and even an addiction. There has been a strong push lately for iGaming sites to encourage responsible gaming, as well as offering support for those with a problem. Most iGaming licence providers will only offer licences to sites that protect players and encourage them to gamble responsibly.

One of the most effective ways of encouraging responsible gambling is giving users the ability to block transactions. Most sites will offer deposit limits that allow players to set how much they’re allowed to deposit each week or month. In addition, the UK recently banned all gambling sites from accepting payments from credit cards.

In 2019, PayPal reviewed its services and found that a significant percentage of transactions were used for online gambling. While this wouldn’t normally be an issue, the review also found that a lot of these transactions were linked to problem gambling. As such, it partnered with Gamban, a software provider, to introduce an automatic blocking system.

PayPal users can now go into their settings and set the service to automatically block all payments made to an iGaming site. This allows anyone with a gambling problem to easily refrain from adding funds to a gambling site if they’re trying to recover. In a statement, Gamban announced that the move was a welcome one that, along with self-exclusion and support, would give players a better chance of recovery.

What Does This Mean for the Future of iGaming Payments?

With gambling authorities such as the UK Gambling Commission now paying close attention to responsible gambling, iGaming sites need to be more mindful of what payments they offer and how they treat players. Additionally, payment services themselves need to consider the impact of allowing unrestricted gambling payments.

As software solutions improve, payment providers have more options that allow them to give players control over their spending habits. This software can automatically detect if a payment is made at any kind of gambling site, including those that are gambling-related. Users can set it to block transactions at gambling tip sites or other sites involved in iGaming.

Other payment services may also follow suit over the coming months and years, with most payment providers also wary about being associated with problem gambling. The more payment services that get on board, the better, as problem gamblers will be able to control their habits more easily and avoid falling into debt. 

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OKTO joins bacta

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OKTO joins bacta
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OKTO, the award-winning fintech specialist, has strengthened further its relationship with the UK market by joining the domestic trade association bacta. The announcement follows the appointment of experienced gaming industry senior executive Rob Peché to the position of UK Country Manager.

Simon Dorsen, CCO of OKTO, believes joining bacta reflects OKTO’s commitment to the UK industry and is indicative of the brand’s strategy moving forward. He explained: “Rather than being an arms-length technology provider OKTO’s approach is to immerse itself in the markets where it is active. The UK is one of the most important jurisdictions internationally and one in which the brand has rapidly achieved considerable success partnering with leading brands.

“Being a member of bacta places OKTO where we want to be, which is at the centre of all of the key discussions and debates surrounding payments in the UK gaming industry, across AGC, Bingo, Casino, LBO, Pub and Bar sectors.”

Simon added: “This is another example of our company showcasing its ongoing commitment to work with the local industry in order to provide safe, secure, and responsible payment solutions in the gaming, leisure and entertainment sectors.”

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Bali Confirmed as Host of the 2022 World Esports Championships Finals

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Bali Confirmed as Host of the 2022 World Esports Championships Finals
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Indonesia looks to set new standard of Esports competition at the 14th WE Championships

 The International Esports Federation (IESF) has confirmed that Bali, Indonesia will be the host of the 2022 World Esports Championships Finals. Bali was handed over the honors during a special ceremony following the conclusion of the 13th World Esports Championships in Eilat, Israel.

The 14th edition of the WE Championships Finals is slated for 27 November to 8 December 2022 and will feature the world’s best Esports athletes competing across multiple games on the beautiful island of Bali. Over 120 countries are expected to compete in the regional and national qualifiers for a coveted spot in the Finals. 

IESF President Vlad Marinescu congratulated host city Bali and said: “Big thank you to the President of the Indonesian Olympic Committee and to the entire Indonesian team here with us. We appreciate your support and we look forward to seeing the biggest and most inclusive World Esports Championships in history! We are bringing the largest and freshest sport to this beautiful tropical destination for the first time.”

IESF has staged the WE Championships every year since 2009, and it remains the sole international Esports event where athletes represent their countries. After a successful 2021 edition, the World Esports community looks to come back even stronger and generate more international opportunities and media exposure for the sport in the lead-up-to and during Bali 2022. 

Indonesian Olympic Committee Commission Chairman Desra Firza Ghazfan said during the press conference: “Bali is the island of GOD, it’s always been the melting pot of rich traditional and modern culture. Now with the 14th World Esports Championships happening in Bali, Bali is the melting pot of the past, the present and the future. I would like to welcome you all to Bali 2022 and to meet with our 45 million players in Indonesia. Be prepared and let the best win!”

 

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