{"id":350,"date":"2019-11-05T08:40:21","date_gmt":"2019-11-05T08:40:21","guid":{"rendered":"https:\/\/www.gamblinguk.com\/news\/?p=350"},"modified":"2019-11-05T08:40:21","modified_gmt":"2019-11-05T08:40:21","slug":"betting-shares-plunge-amid-new-calls-for-gambling-limits","status":"publish","type":"post","link":"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/","title":{"rendered":"Betting Shares Plunge Amid New Calls for Gambling Limits"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The fight to bring tougher gaming control in the United Kingdom continues as the country&#8217;s members of parliament are now calling for a \u00a32-per-bet limit to be imposed on online casino games. According to the MPs, this limit is primarily aimed at combating gambling addiction which is currently considered to be <strong>a &#8220;public health crisis&#8221;<\/strong> in Britain.<\/p>\n\n\n\n<p>Even though these are just recommendations at the moment, they are already having an impact on the territory&#8217;s gambling industry. The shares of the county&#8217;s biggest gambling operators plunged at the beginning of the week. For instance,<strong> GVC saw a 10.5 percent drop in share price while William Hill and 88 Holdings saw share price drops of 12.5 percent and 13.9 percent respectively.<\/strong> No one saw this coming but considering the UK&#8217;s history of tough gambling regulation, it would seem like some investors prefer to play it safe.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"tougher-regulations\">Tougher Regulations<\/h2>\n\n\n\n<p>The calls for the limits on online betting games are being championed by the <a rel=\"noreferrer noopener\" aria-label=\"Gambling Related Harm All-Party Parliamentary Group (opens in a new tab)\" href=\"https:\/\/www.racingpost.com\/news\/all-party-parliamentary-group-calls-for-tighter-online-gambling-reforms\/407394\" target=\"_blank\">Gambling Related Harm All-Party Parliamentary Group<\/a>. Previously they have successfully lobbied for reduction of fixed-odd betting terminal stakes to \u00a32-per-bet. Now they want online casino games to be capped at the same amount.<\/p>\n\n\n\n<p>In addition to that, the group is also hoping to convince lawmakers to implement a ban on the use of credits for online gambling. All this was included in a report by the group which also called for, among other things, <strong>stricter responsible advertising measures as well as restrictions to VIP programs which often try to convince players to gambler more for bigger rewards.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;For too long, online gambling operators have exploited vulnerable gamblers to little or no retribution from the regulator,&#8221; conservative MP Iain Duncan Smith, a member of the APPG, said.<\/p><\/blockquote>\n\n\n\n<p>The United Kingdom Gambling Commission (UKGC) has <strong>been taking a lot of heat from some lawmakers<\/strong> who feel that the regulator is not doing enough to fulfill its mandate. It remains to be seen how exactly it will handle this particular issue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"the-igaming-operators-response\">The iGaming Operators&#8217; Response<\/h2>\n\n\n\n<p>As expected, the recommendations that were included in the parliamentary group&#8217;s report have not been met well by a number of online gambling groups and companies. Many of them have pointed out that the stake limit is not necessary since they use <strong>internal data to identify customers that are either gambling beyond their means or are at risk of gaming-related harm. <\/strong>These are just a few of the <a href=\"https:\/\/www.gamblinguk.com\/news\/gambling-operators-to-form-responsible-gambling-committee\/\">responsible gaming measures<\/a> that they have been considering.<\/p>\n\n\n\n<p>Needless to say, the main reason why online gaming operators are not amused is because the recommended stake limits would mean a significant drop in <a href=\"https:\/\/thelibertarianrepublic.com\/uk-online-gambling-revenue-on-the-rise-again-in-spite-of-total-market-decline\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"online gambling revenue (opens in a new tab)\">online gambling revenue<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The fight to bring tougher gaming control in the United Kingdom continues as the country&#8217;s members of parliament are now calling for a \u00a32-per-bet limit to be imposed on online casino games. According to the MPs, this limit is primarily aimed at combating gambling addiction which is currently considered to be a &#8220;public health crisis&#8221; [&hellip;]","protected":false},"author":2,"featured_media":351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[52,54,63,69,71,74,84],"class_list":["post-350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation","tag-law","tag-limits","tag-online-gambling","tag-regulation","tag-report","tag-responsible-gambling","tag-ukgc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Betting Shares Plunge Amid New Calls for Gambling Limits - Gambling UK News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Betting Shares Plunge Amid New Calls for Gambling Limits - Gambling UK News\" \/>\n<meta property=\"og:description\" content=\"The fight to bring tougher gaming control in the United Kingdom continues as the country&#8217;s members of parliament are now calling for a \u00a32-per-bet limit to be imposed on online casino games. According to the MPs, this limit is primarily aimed at combating gambling addiction which is currently considered to be a &#8220;public health crisis&#8221; [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/\" \/>\n<meta property=\"og:site_name\" content=\"Gambling UK News\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-05T08:40:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gamblinguk.com\/news\/wp-content\/uploads\/sites\/2\/2019\/11\/limit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matt Sinclaire\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Sinclaire\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/\"},\"author\":{\"name\":\"Matt Sinclaire\",\"@id\":\"https:\/\/www.gamblinguk.com\/news\/#\/schema\/person\/4d03398b2df6d51a4d767dc5b4623c88\"},\"headline\":\"Betting Shares Plunge Amid New Calls for Gambling Limits\",\"datePublished\":\"2019-11-05T08:40:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/\"},\"wordCount\":447,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.gamblinguk.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.gamblinguk.com\/news\/wp-content\/uploads\/sites\/2\/2019\/11\/limit.jpg\",\"keywords\":[\"law\",\"limits\",\"online gambling\",\"regulation\",\"report\",\"responsible gambling\",\"UKGC\"],\"articleSection\":[\"Legislation\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/\",\"url\":\"https:\/\/www.gamblinguk.com\/news\/betting-shares-plunge-amid-new-calls-for-gambling-limits\/\",\"name\":\"Betting Shares Plunge Amid New Calls for Gambling Limits - 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