The Gambling Bill will now be written into UK law after being granted Royal Assent by the British monarchy.
The new legislation, which is an amendment to the 2005 Gambling Act, will enable to Gambling Commission licensing system to cover all UK remote gambling operators. Previously, remote gambling operator who were based outside of the UK did not need a license from the Gambling Commission to service UK players, but UK companies did. The new legislation will oblige all remote gambling operators who wish to serve British residents to obtain a licence from the Gambling Commission. The licence will enable them not only to provide UK players with gambling games, but also to advertise in the UK.
Additionally, foreign operations will now have to inform the Gambling Commission of any suspicious betting activities of which they may be aware. The goal is to raise an overall awareness of illegal betting activities in the industry. Furthermore, foreign operators will have to pay and contribute to research, education, and treatment around gambling.
“This Act marks a significant step in increasing protection to consumers based in Great Britain by ensuring that all remote gambling operators will be subject to robust and consistent regulation,” Minister for Sport Helen Grant said. Grant has been lending leadership and assistance throughout the regulatory process.
Philip Graf, chairman of the Gambling Commission, added: “This is a welcome step forward. Bringing the 85% of the remote gambling market currently regulated overseas within the Commission’s remit will provide us with direct access to and oversight of all commercial gambling provided to those in Britain.” Graf is pleased that players will be guarded against harmful betting activities. “This means that we will be far better placed to protect players and to respond to and advise the government on emerging player protection and consumer risks and issues.”
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