The UK Betting and Gaming Council (BGC) is asking football clubs to refrain from discussing and promoting gambling on their social media sites in as part of an effort to avoid triggering problem gamblers. It’s move that may seem extreme to the layman, but will likely help keep UK gambling operators a step ahead of UK gambling regulators.
Guidelines for how football clubs should handle discussions of gambling were sent out by the BGC late last week and utilize a plea from 50 former gambling addicts to make the case. They pointed out that seeing their favorite club site promoting gambling caused them “distress” and “encouraged” them to place wagers.
As an effort to avoid these triggering moments, the BGC is recommending that football clubs refrain from promoting gambling operators or bonus offers and their “organic tweets”. This is a nod to the reality that gambling offers are ubiquitous on social media and that no one is really more than a click or two away from them on the internet anyways.
BGC officials sent a letter detailing the new code of conduct to 11 football clubs, as well as to social media operators.
In a statement reported on by SBC News, Brigid Simmonds OBE, Chairman of the BGC described the importance of the new standards saying, “Our members rightly have a zero tolerance approach to gambling by under-18s, so as an industry we are understandably concerned that children may be exposed to betting adverts on social media platforms. Our new guidelines make clear the standards expected of football clubs when they post gambling promotions on social media, and I look forward to them being put into practice as soon as possible.”
The BGC guidelines are not legally binding, but members of the BGC who wish to remain in good standing are expected to abide by them.
Tags: Sports Betting, UK Gambling News
For a very long time, 5Dimes.com was the classic internet outlaw story. The storied sportsbook defined the offshore sportsbook business and was the go-to site for punters who either couldn’t, or wouldn’t, access regulated sports betting sites. But all that changed this week when 5Dimes was granted a gaming license by the Isle of Man Gambling Supervision Commission.
5Dimes’ journey to the regulated sports betting and online casino business has been a long one and is, basically, the result of recent settlement the company made with the US Department of Justice. In September, 2020, the DOJ struck a deal with the widow of 5Dimes founder William Sean “Tony” Creighton that included the forfeiture of $46 million in assets in exchange for a clean legal slate. Creighton was murdered in 2018 during a botched kidnapping/robbery.
Now that 5Dimes has a legitimate gaming license, the company is free to expand its operations into multiple regulated markets. Not only that, operating under an Isle of Man license also extends an air of regulatory credibility that will help the company expand into even more markets.
In a recent press release, Laura Varela, Member of 5Dimes Sportsbook’s Board of Directors spoke of the new license saying, “This licensure is an exciting milestone for the 5Dimes brand. The Isle of Man is a Tier-1 jurisdiction, known for its advanced approach to gambling and e-gaming legislation and its exceptional reputation in the international gaming community. The Isle of Man sets high standards for its gaming operators and players, and we look forward to upholding the same level of principles and innovation with the launch of 5Dimes.”
5Dimes will keep a small presence on the Isle of Man to help run compliance and finance operations.
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Unlicensed gambling operators are a scourge that tempt unwitting UK punters and draw players, and revenue, away from legitimate operators. That’s the final conclusion of a recently published report by the UK Betting and Gaming Council (BGC) a gaming industry-funded trade group.
The 66-page report titled, Review of Unlicensed Online Gambling in the UK was produced by the accounting firm of Price Waterhouse Cooper on behalf of the BGC and surveyed 2,363 active UK gamblers late last year. Players interviewed for the study were asked specifically about their knowledge and use of unlicensed gambling sites. More importantly, the survey also queried as to the motivation of players visiting offshore gambling sites.
Members of the BGC were particularly keen to hone in on exactly why punters go to offshore sites when regulated, local sites objectively offer one major benefit for the consumer – regulatory accountability. Not surprisingly, the survey found that UK punters are less interested in the security of their credit card numbers and the ability to get a customer service agent on the phone as they are in increased odds on their favorite games. This, of course, is likely due to recent moves by UK gambling regulators to reduce both stakes and payouts in games like video poker and online slots (which are not necessarily bad moves).
Other players pointed out other regulatory moves, such as enhanced credit card checks as the main reasons for going offshore.
Of course players who move their action offshore to avoid limits meant to curb problem gambling are exactly the kind of players that regulators are trying to protect by enhancing protections at regulated gambling operators.
The study concluded that black market operators were likely to see continued growth from UK punters, though it doesn’t specifically advocate rolling back the measures that are apparently drawing players in in the first place. (Though they probably wouldn’t oppose such a move.)
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