New rules concerning promotion of gambling to be introduced by the UKGC

[Webzcas]

New rules aimed at improving the safety and clarity of player promotional offers are set to be introduced by the UKGC.

Gambling firms will be prohibited from promoting potentially harmful deals that require customers to take part in multiple forms of gambling – for example, betting and playing slots.

Operators will also face restrictions on the number of times bonus funds must be wagered before customers are able to withdraw any winnings derived from the bonus.

These changes and are in line with the 2023 White Paper.

Takeaways include the following:

Mixed product promotion ban​

Mixed product promotional offers provide bonuses on the condition the consumer plays different products, such as betting and playing slots.

But evidence shows consumers are more at risk of harm when they gamble on multiple products rather than a single product. There is also the risk that mixed product promotions confuse consumers because of complex terms and conditions.

The ban is aimed at reducing harm and boosting fairness and openness.

Bonus wagering requirements limited to ten​

Some promotional offers provide bonus funds to consumers on the condition the consumer re-stakes any winnings multiple times before being allowed to withdraw winnings from the bonus.

For example, a £10 bonus with a 50 times wagering requirement requires the consumer to play through £500 before the winnings can be withdrawn.

Such high wagering requirements could confuse consumers and lead them to gamble for longer, and faster, than they are used to.

Full details:

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Capping the wagering requirement to ten decreases the likelihood of harm, reduces complexity, and improves transparency while maintaining consumer choice.

 

[L&L-Jan]

Thank you Jan

 

[Webzcas]

Yes, thank you @L&L-Jan

But you have now given away the source of 50% of the news articles I used to write on the main site

 

[mulven]

I guess the maximum wagering multiplier will lead to even less promotional offers than those that still exist today. Wagering as low as x10 whilst being great for the average player opens up the casinos to tons of abuse and giving away too much value so they'll have to cut back on deposit bonuses.

Likely to see welcome offers pivot to free spins to limit CAC whilst still being able to put a three figure number in big text on their front page.

 

[L&L-Jan]

Likely to see welcome offers pivot to free spins to limit CAC whilst still being able to put a three figure number in big text on their front page.

Think ill half the bonus and leave it there. But ill decide after summer. Except for the wagering part the other requirements do not really affect us that much as we werent even conducting them. We still have awesome cashback service at all british and no bonus that no one offers like us.

 

[Jono777]

Shame this is coming in IMO as not defending the casinos but they do struggle to send out the "GREAT" old offers of yesteryear such as the 100% deposit matches and 100 spins at 25p/spin all (in the main) due to operating costs and these daft rules forced upon them.

10x max wagering will destroy most if not all bonuses I feel.

This being said whilst Jan is about, I ain't kissing ass but currently where things stand the L&L bonuses are really good IMO. Last week got 300FS at Hyper for just £20 and yesterday got 60 ND FS at ABC, made a deposit and got 120FS for just £20. If we lose these due to the forced wagering reductions, I will not blame the casino but will moan (some more) about the UKGC.

Us low rollers with limited budgets rely on these. Game time and boredom buster is what it is all about.

 

[satchnz]

NEW DEPOSIT BONUS OFFER!

100% deposit bonus up to a maximum of £10.00. 10x wager. Maximum withdrawal £5.00

 

[goatwack]

Tremendous application by the UKGC, even if ten years too late

Viable bonuses died many moons ago and yet casinos have been allowed free rein to dupe hapless punters with unbeatable wagering requirements, far in excess of anything that is considered player-friendly, like the greedy little piggies they are

The whole point of the 'peak bonus era' was that players could essentially eke out a longer session in view to a possible cashout, often via attrition, yet feasible. You were tethered to the large wagering but felt you stood a chance on 25-35 times your deposit. Then the piss-taking took hold and casinos had a field day with game restrictions galore and the 50x-plus ensnarement rituals, so well done to them for that!

Do we really believe casinos are to abolish this and not give it a different form? It'll inevitably be something akin to "Well done! you have completed your 10x wagering.....Part One!!!" or some shit, let's not kid ourselves

As for multi-product advertising, that's their whole raison d'être, so again, are we really saying that casinos won't want to find new and inventive ways to showcase their wares? I think not!

For all this UKGC posturing, if anything, there's certainly been an upturn in gambling-related ads as of late everywhere you look, rendering their 'efforts' somewhat ineffective. That is, if they weren't a corrupt organization run by hacks to begin with. Still, God loves a trier eh?

 

[Lemon]

They could roll out 100 different measures but the one thing I want to see implemented the most is getting rid of TV gambling adverts. I very much doubt I'm the only person who thinks this.

 

[dunover]

It will kill match bonuses or restrict them to paltry amounts like 10 or 25 quid if the WR is capped by UKGC at say 10x B. So expect more wager-free FS offers on Big Bastard Bollocks Bloody Boring Bass-type games.

*Disclaimer = In UK law none of those words are considered profane, the third one even specified as not so in court, during The Crown vs EMI in 1977*

 

[satchnz]

It will kill match bonuses or restrict them to paltry amounts like 10 or 25 quid if the WR is capped by UKGC at say 10x B. So expect more wager-free FS offers on Big Bastard Bollocks Bloody Boring Bass-type games.

*Disclaimer = In UK law none of those words are considered profane, the third one even specified as not so in court, during The Crown vs EMI in 1977*

I thought that ‘Bass’ was a filthy word around here? Adding the word ‘Big’ to the sentence sees you crossing the line. Time yourself out for a couple of days.

 

[satchnz]

@L&L-Jan aw shit, I ain’t giving you ideas am I?

 

[L&L-Jan]

View attachment 206985

@L&L-Jan aw shit, I ain’t giving you ideas am I?

i prefer to provide a service instead of fucking customers over

But yeah, i do get limited and i do need to sit and think properly about this. Might just gamble and leave it as is. Im pretty good at managing bonuses and the abuse in general and genuine customers definitely deserve to get a benefit from the moment they join, it makes it a customer for life.

Doesnt mean your post is still funny

 

[Webzcas]

Think ill half the bonus and leave it there. But ill decide after summer. Except for the wagering part the other requirements do not really affect us that much as we werent even conducting them. We still have awesome cashback service at all british and no bonus that no one offers like us.

Regards the cashback at All British, you were if I remember correctly, leaders in this area pretty much from when ABC launched.

 

[geordiecolin]

So we can look forward to all UK facing casinos who wish to continue offering the UK players bonuses reducing the RTP on all of their slots to cover for impending losses. Or only offering deposit bonuses on specific slots that have the RTP nurfed.
I hardly ever take bonuses anyhoo

 

[TheSchwad]

To get round the 10x wagering couldn't sites just put 10x on deposit and bonus, so effectively a 50% bonus would then have 30x wagering.Some sites already do this anyway eg Magical Vegas.

Or another option would be wagering starts when hitting bonus funds. Or a % contribution wagering split (so 33% on 50% bonus) like Lottomart do.

Though it would be nice having 10x wager bonuses

 

[News Hound]

The UK Gambling Commission is introducing new rules that’ll ban mixed product promotions and high wagering requirements, and we give you all the insight you need.

Read the full article here: New UKGC Measures Target Bonus Misuse and Cross-Promotion Tactics