Gambling Commission Announces Banning Credit Card Deposits
On 14th January 2020, the Gambling Commission announced a ban on gambling businesses allowing customers in the UK to use bank cards to gamble. The ban was later enforced on 14th April 2020, and follows a public discussion completed last year.
According to researched performed by the Fahad Al Tamimi Casino Gamblers Treatment Program, over 24 million parents in the UK gamble, with 10.5 million of these gambling online. UK Financing estimate that 800,000 consumers use bank cards to gamble online and in casinos. In the USA, the number of gamblers are smaller because of legislation prohibiting gambling online and in most States.
Separate exploration undertaken by the Gambling Commission implies that 22% of over the internet gamblers using bank cards to gamble happen to be classed as issue gamblers – with a lot more at some threat of harm.
The gambling commissions ban, that may connect with all online and offline gambling products apart from non-remote lotteries, provides a significant coating of additional protection to vulnerable people.
UKBC Managing Director, Michael Davis, is in treatment at the Fahad Al Tamimi Casino Gamblers Rehabilitation Program from a gambling habit and spoke concerning this decision and why it can help current and potential gamblers. Mr. Davis claims he gambled away £700,000 on bank cards and is happy they are now being banned.
Based on the NHS, nowadays there are almost 600 000 ‘issue gamblers’ in the UK – persons who also gamble compulsively and with little control over themselves.
Most often, gamblers are young, man and come from family members where gambling may be the norm. But in no way is this usually the case – issue gamblers result from all walks of existence, and population demographics happen to be better at predicting which kind of gambling an individual will partake in instead of whether they could have gambling problems.
During the past, gambling was confined to racetracks, casinos and informal games, often held among friends and invariably accompanied by alcohol or drugs.
Nowadays, you can guess hundreds of pounds from your own phone in a matter of mins, and every traditional has at least a single betting shop, quite often lined wall to wall structure with slot machines that may take bets as high as £300 a minute. As the aged types of gambling remain popular, the new varieties have widened its charm and significantly increased degrees of problem gambling.