UK to Introduce New Limits on Online Gambling Stakes, the Times of London Reports
June 29 2022 - 5:56AM
Dow Jones News
--The U.K. government is set to publish a review of gambling
legislation that will include limited maximum stakes of between 2
pounds and 5 pounds ($2.44-$6.09) for online casinos and
nonintrusive affordability checks, The Times of London reports.
--The new measures will also include a ban on free bets and VIP
packages for those who incur heavy losses, and make companies
remove features from online games that increase the level of risk
for customers, the Times says.
--The government has estimated that online gambling revenues
could drop by more than 700 million pounds ($853.1 million) as a
result of the measures, according to the Times.
Full story: https://bit.ly/3NCoag0
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
June 29, 2022 05:41 ET (09:41 GMT)
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