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Well, i was right before and i've been right again...
And having given my crystal ball a rub, this is what i think could happen:
If they DO reduce the stake to £2, then the B1 machines would also have to reduce to £2 - this makes very little sense, so my guess is it might come down to £5.
However, if they DO reduce it to £2, then the people that want to bet higher will go elsewhere - and the elsewhere is the underground casinos - the ones that iwll prey on the vulnerable and the weak.
Over-regulation (which i think some of this is) will do more harm than good, and drive a huge surge in dodgy casinos preying on those that want to (and are able to) gamble at stakes over £2.
Stakes should of course be restricted and affordablity checks should play a part in this, but a flat £2 max will cause horrendous problems
Do I read it right that they are also proposing a max win cap?
The figures are eye watering 5.6 BILLION lost by gamblers in 2018 these parasites have had it to good for to long.
Yet casino's have to reduce RTP due to higher taxes because otherwise they won't have enough profit
E-cigs will be next, God knows the Tobacco industry has tried to demonize it for years, looks like they got their wishAnother nail in the coffin for regulated gambling in the UK. Time for a good foreign operator to step up and via agents allow people freedom to spend their money in the way and volume they want to. This country is becoming a joke, ban this, stop this ,tax this, limit this. I hate it!!
@trancemonkey Do you have any evidence to support the prediction that over regulating online gambling leads to a boom in black market gambling? Have there been industry studies to study that at all?
If there was an explosion in black market online gambling then the regulator will take steps to stop the flow of money which are powers they already possess today.
Sure there are ways around that as well but it's not for the masses and any company actively seeking to work around the law will be finding themselves investigated for criminal offences so your big banks, payment providers and game providers won't go anywhere near operations like that.
When it comes to the flow of money it is much more difficult to flout the law. The UK along with the USA have some of the toughest laws and powers to act of any country on the planet.
If your prediction that more regulation leads to criminal activity then the criminal activity needs to be addressed as per the law of the land. It's a separate issue vs online gambling regulation in my view.
Same as if I want to spend £200k on a car, nobody is capping car prices (yet).
Mark
E-cigs will be next, God knows the Tobacco industry has tried to demonize it for years, looks like they got their wish
Even Trump's chiming in (but when isn't he to be fair)
I suppose our ninny nanny state will ration chocolate per head soon, along with oxygen & sex
loads of cases this sideYeah... just read an article on the daily fail (or was it elsewhere?) Where a teen was hospitalized after vaping...
It's making headlines... the other 1 million people dying from lung cancer or smoke related illnesses are not even of concern.. but what vaping did to 1 person most certainly is.
Imagine going in with 200k to buy a new car, and walking out with a rusty volvo from early 80s.I agree with everything you've said... apart from this.
When you spend 200k on a car... you get a car... Not a chance at a car.
When you go to the dealership with 200k.. you WILL get something in return for your money - Not some possibility.
You can't gamble to upgrade your car on a feature gamble and also have the possibility of walking away empty handed..
So naturally - there isn't any reason to put a cap on this.
I do however get the gist of your post.
Nate
loads of cases this side
I think a big difference is, cigarettes dont come in bubble gum and cotton candy scents, clearly pulling in youths as some sort of 'safe' alternativeYeah... just read an article on the daily fail (or was it elsewhere?) Where a teen was hospitalized after vaping...
It's making headlines... the other 1 million people dying from lung cancer or smoke related illnesses are not even of concern.. but what vaping did to 1 person most certainly is.
But vaping's not for kidsI think a big difference is, cigarettes dont come in bubble gum and cotton candy scents, clearly pulling in youths as some sort of 'safe' alternative
we adults KNOW smoking is bad for us
loads of cases this side