The other day it became known that the UK regulator is considering the possibility of limiting the maximum bet for online casinos to £2. The human rights group APPG, formed within the Parliament of the United Kingdom, advocates for such a decision.
Hundreds of operators licensed in this jurisdiction must have flinched at the thought. And the negative effect even from such an assumption is already noticeable. Share prices of large companies owning online businesses have fallen. According to some reports, shares of William Hill and GVC Holdings lost 7%.
It may be difficult for someone to imagine that the regulator will actually take this step. However, nothing prevented the UKGC in April 2019 from introducing a £2 limit for FOBT (fixed rate terminals) machines. And this decision also had a negative impact on bookmakers.
Moreover, back in mid-February, the director and chairman of the UKGC were forced to report to the House of Lords on how effectively the regulation of online gambling works. Various points of criticism have drawn criticism, including the failure to limit the harm that the industry causes to society.
All things considered, it is likely that some restrictions will be introduced. A decision on this issue from the regulator is expected before August.
