55% increase in UKGC fees for operators from October

[ddm]

The UK Gambling Commission has announced today that fees for online gambling operators will rise by 55% marking the first rise since 2017. The increased fees are in response to the rising costs of regulation and will help the Gambling Commission respond to new risks and technological developments in the industry.
The 55% increase in the fees paid annually by online operators will come into effect from October 1st, 2021. Annual fees for land-based operators will increase by 15% and come into effect at the later date of April 6th, 2022. A later date was chosen for land-based operators due to the impact of Covid-19 on retail revenues.
In relation to the increase in fees, the Government stated:

THE UPLIFT IN FEES WILL PROVIDE THE GAMBLING COMMISSION WITH GREATER RESOURCES TO TACKLE NEW CHALLENGES SUCH AS PRODUCT AND PAYMENT INNOVATION. THIS NEW STRUCTURE WILL MEAN THAT THE GAMBLING COMMISSION IS BETTER EQUIPPED TO DEAL WITH THE CHANGING LANDSCAPE OF THE GAMBLING INDUSTRY WHICH HAS BECOME INCREASINGLY GLOBAL IN NATURE. THE REGULATOR WILL ALSO BE BETTER PLACED TO ADDRESS THE RISKS ASSOCIATED WITH UNLICENSED OPERATORS AND THE NEED TO PROTECT CONSUMERS AND THE INDUSTRY FROM ‘BLACK MARKET’ ENCROACHMENT.

Application fees for operating licenses have been increased by 60% and there will no longer be any discounts for operators who hold multiple licenses for separate activities.


source: Gambling News

[wonderpunter]

More fees so they can think of more restrictions.. soon they will put themsleves out of a job

[Sherlock]

Negative revenue share?

[baldidiot]

"The rising costs of.... nitpicking"

Fixed it.

[Cash Bonus]

This is no surprise and was bound to happen at some stage

[Sherlock]

Is here someone by luck who can deconstruct taxes and all fees for online Uk gambling? E.g. how is it written in law? Asking for a friend who is just curious whether it beats already the taxes of gasoline.

[rmeeuwsen]

in response to the rising costs of regulation

Idiots. Fire some staff and stop "padding" your own wallets with inflated wages (and egos). Government run amok with uncontrolled bureaucracy worthy of a third world country that stifles business with self-serving rules.

[ChRR]

More fees so they can think of more restrictions.. soon they will put themsleves out of a job

i know right lol

[Scorebetting]

Just a big scam like so many of these regulatory bodies.

[rmeeuwsen]

Just a big scam like so many of these regulatory bodies.

The UKGC apparently even misinterpreted the song "Rule Britannia".


Might I rephrase


"Rule, Britannia! Britannia, rule the internet?
We never, never, never shall be slaves!
Thee haughty tyrants ne'er shall tame!"

[gil.langelaan]

Just a big scam like so many of these regulatory bodies.

Unfortunately...
But it was expected.

[mickyfu]

Well at least they can thieve their losses off their affiliates. So I guess it will be business as usual.

[Mattbar]

Well at least they can thieve their losses off their affiliates. So I guess it will be business as usual.

Exactly. The should have just said "The UK Gambling Commission has announced today that fees for online gambling operators affiliates will rise by 55%"

[Triple7]

So if you're promoting Videoslots, now you have to pay to promote them?

[Sherlock]

So if you're promoting Videoslots, now you have to pay to promote them?

That was the previous round.
Now you have to pay just that you just mentioned them.

[baldidiot]

Exactly. The should have just said "The UK Gambling Commission has announced today that fees for online gambling operators affiliates will rise by 55%"

It's the annual fees though isn't it, so won't come off the net rev. Although I'm sure a bunch of them will find a way to charge affs some how..

[mickyfu]

Although I'm sure a bunch of them will find a way to charge affs some how..

70% commission with 100% admin fees?

[baldidiot]

70% commission with 100% admin fees?

That's the one!