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- Mar 31, 2005
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:
Full details:
Capping the wagering requirement to ten decreases the likelihood of harm, reduces complexity, and improves transparency while maintaining consumer choice.
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a £10 bonus with a 50 times wagering requirement requires the consumer to play through £500 before the winnings can be withdrawn.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.