UK Gambling Companies Focus on Public Responsibility

Since January of this year, lawmakers in the United Kingdom have begun working to better regulate the country’s online gambling industry. A number of new restrictions have been placed on the industry to protect citizens from gambling addiction. This week, news is coming out that five major UK gambling companies have agreed to form a new responsible gambling group.

Today, we’re going to look at what these gambling powerhouses are looking to achieve. We’ll also discuss some of the recent regulations set on the UK’s internet gambling industry.

Lawmakers Continue to Ramp Up Gambling Regulations

For months, lawmakers in this country have started increasing regulations on online gambling companies. It’s well-known that the UK has the largest internet gambling market in the world. Unfortunately, gambling addiction has increased here in recent years. According to some statistics, more than 50,000 children in the UK suffer from problem gambling.

The government realizes it needs to make a change. One of the first new laws set in place here was a ban on gambling advertisements. Gambling companies here now have fewer options to promote their services to the public.

Many companies are already feeling the effects of this ban on gambling ads. These gaming operators were unable to launch ads on television during the recent Ashes cricket series between England and Australia. Advertisements on social media are limited, as well.

Now, some of the biggest UK gambling companies are choosing to embrace their public responsibility. Five of these companies have agreed to form a new committee to tackle some major issues.

UK Gambling Companies Form “Independent Committee”

Five of the biggest internet gambling operators in the United Kingdom are choosing to work together. Bet365, Flutter Entertainment, GVC Holdings, Sky Betting & Gaming, and William Hill have formed an “independent committee” to determine where to allocate their responsible gaming funding.

This comes just a few weeks after the five companies pledged to donate a percentage of their revenue to promote responsible gambling. Hope is that the committee will be active by September.

GVC Holdings, one of the country’s top gambling operators, recently came under fire for downplaying the issue of gambling addiction. Kenny Alexander, CEO of GVC Holdings, gave his controversial opinion to the media last month.

“I think there are far bigger social issues in the UK than problem gambling,” he said.

Alexander recently claimed he’s focused on helping to curb problem gambling in the UK. Late last week, the CEO told the media that he is “absolutely determined to personally ensure that GVC leads the way in improving our industry’s approach to problem gambling.”

We’ll need to wait and see how these UK gambling companies choose to allocate their responsible gambling funding.

Online Gambling Revenue in the UK Continues to Increase

Some analysts feared that the major regulations set on this industry would lead to a decrease in revenue. The ad laws here are some of the most restrictive in Europe. Several major companies have voiced their displeasure with these laws.

They don’t appear to be slowing down this industry. According to new reports, online gambling revenue has increased by 2.9% over the past six months. It’s a great sign for gambling sites in the UK currently operating.

Five of the biggest online gambling companies are now choosing to work together. It’s clear that the government is focused on changing this industry. Gaming operators realize it makes more sense to work with the government, rather than against it.

Are you happy to see these UK gambling companies take responsible gambling more seriously? Should regulations increase here? Let us know what you think in the comment section below!

Kevin Oldroyd

A longtime sports and gambling enthusiast, Kevin looks to present up-to-date and reliable information for readers. If he’s not writing, he’s probably watching MMA or playing blackjack.

Recent Posts

More Information on Garcia vs. Campbell is Coming Out!

Ryan Garcia is one of boxing’s most exciting young stars. On January 2nd, he is scheduled to take on Luke…

December 4, 2020

Giannis Antetokounmpo “Open” to Playing Alongside a Superstar

While the major free agents are already signed, including the Lakers’ Anthony Davis, the only big question left in this…

December 3, 2020

Wizards’ Championship Odds Improve Slightly After Acquiring Westbrook

Wizards' odds to win the NBA title improve to +10000 after trading John Wall for Russell Westbrook Rockets' odds to…

December 3, 2020

NBA Releases Opening Week Schedule for the 2020-21 Season

Training camp starts this week and with the regular season less than three weeks away, the talk has moved from…

December 2, 2020

Khabib’s Olympic Plans Have MMA Fans Interested

Khabib Nurmagomedov is widely considered to be one of the greatest mixed martial artists of all time. After going 29-0…

December 2, 2020

Odds of President Trump Firing AG Bill Barr via Twitter Listed at -150

MyBookie lists President Trump's odds of firing AG Bill Barr via tweet at -150 Barr told the AP that the…

December 2, 2020