UKGC Working to Stop Problem Gambling in Wales
The UK has the biggest online gambling market in the world. Unfortunately, rates of gambling addiction are rising here. This week, news is coming out that the United Kingdom’s Gambling Commission is teaming up with officials to curb problem gambling in Wales.
This entire nation is working hard to lower gambling addiction rates. Now is the perfect time to look at how Wales plans to accomplish this. We’ll also talk about the current state of the UK’s online gambling market. Let’s get into it!
Problem Gambling Rates Continue to Increase in the UK
The UK has allowed foreign gaming websites to operate inside its country since 2005. Under the Gambling Act, gambling sites can offer services to UK residents after obtaining a license from the Gaming Commission. Today, most of the top gambling sites in Europe are available here.
Internet gambling is extremely popular in the UK. Unfortunately, this country has one of the highest problem gambling rates in the world. According to a recent report, more than 400,000 people suffer from gambling addiction.
The UK’s government has taken some drastic steps to revamp its online gaming industry. A number of new advertising restrictions are already here, and the Gaming Commission has announced they are considering banning credit cards for gambling.
On top of that, in late April, a “National Strategy” was announced to stop online gambling. A Public Health group here is currently working to understand how gambling is affecting the UK population. Now, the UKGC is working to stop problem gambling in Wales.
How Does the Gambling Commission Plan to Curb Problem Gambling in Wales?
The aforementioned “National Strategy” runs from 2019 to 2022. During this time, healthcare providers, charities, and different businesses will work to better understand the causes and effects of gambling addiction.
Lawmakers are still working to develop a specific plan that prevents gambling addiction in Wales. In the past, the UKGC has focused heavily on educating bettors on the dangers of problem gambling. Now, this group is actively working to prevent this issue amongst young people.
Neil McArthur, Chief Executive of the Gambling Commission, commented on the new strategy being set in place this week.
“The new strategy will provide us and our partners across Wales the opportunity to make faster progress to reduce gambling harms,” he said. “It will address not only the harms experienced by people who gamble but will also focus upon the impact that can be felt by friends, family, and the wider community.”
A wave of new online gambling restrictions is on the way. What does the future of gambling in the UK look like?
Here’s What to Expect in the Future
The United Kingdom is not the only country working hard to reduce problem gambling rates. According to Business Matters, Ireland is also currently working to launch a completely new set of internet gambling regulations. Online gambling regulations are changing throughout Europe. What’s in store for these nations?
UK government officials are readying to launch new restrictions. A complete credit card ban for gambling is likely. Setting limits on the amount that bettors can wager is also a strong possibility.
Hope is that these restrictions are strong enough to lower gambling addiction rates while keeping business profitable for online gambling operators. In the past, we’ve seen companies leave a market once harsh gaming restrictions were set in place. No one wants to see the UK’s gaming industry become largely unregulated.
With over 400,000 gambling addicts in the UK, the Gambling Commission here certainly has a lot on its plate. Let’s hope things improve for the better.
Do you think the UKGC will be successful to stop problem gambling in Wales? What steps should the government take to help solve this issue? Let us know in the comment section below!
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