Daily Mail says Britain might crackdown on foreign operators

[The Buzz]

The Daily Mail in the U.K. is reporting Culture Secretary Jeremy Hunt wants to stop foreign-based online gambling companies from advertising in the country. This is due to growing concern that millions have become addicted to gambling.

From the Daily Mail:

He is also considering a ban on the use of credit cards for internet gaming to stop people risking money they do not have, the Daily Mail has learned.

The moves would drive hundreds of foreign firms out of this country, officials believe.

They would involve tearing up large parts of Labour’s controversial 2005 Gambling Act, which is blamed by critics for a dramatic deregulation of the industry.

[davenewgates]

if you choose to , you can gamble responsibly and not end up using credit cards for betting. UK gov't is just showing concerns for their citizen and i don't see bad in that.

[Renee]

I would go as far as saying they want to crack down because they aren't getting taxes from foreign operators.

[Former Member 14]

I have word from a reliable source, Nick Xenophon Senator (South Australian) is pushing for a Federal Bill to prevent credit card use and or banks from accepting & or processing transaction from non Australian regulated off shore gambling.

Of course Australian licensed and regulated sportsbooks etc...etc will not be affected. The line being taken by most Governments is a moral stand point. However it's pretty obvious it's a loss of tax dollars which is and will always be the real reason behind these issues.

However if the New Jersey Governor signs the bill regarding online gambling, that may influence other Countries to change their stance from abolishment to regulating and licensing the industry to approved operators on their shores.

As I tried to point out to Nick Xenophon office, off shore gambling venues have very deep pockets. Although introducing bans on credit cards..etc..etc may put a dent in operations, it will only be short lived. They will find a way to circumnavigate these restrictions; they always do!

Unfortunately his office would not listen to reason and my 11 years of experience in this industry. Like most politicians they know best, which generally means they know jack about jack and will make a total balls up of it.



Cheers



Dave

[Miles_FTA]

I have to agree with Renee people should be entitled to spend there hard earned money as they please .. if goverments just regulated correctly and taxed companies correctlty they would all be smiling rather than closing businesses

[ALEX777]

He is also considering a ban on the use of credit cards for internet gaming to stop people risking money they do not have, the Daily Mail has learned.

It's OK if he only wants to ban Credit Cards (not Debit Cards).

Interesting, is it technically possible?

[Webzcas]

More on this here: http://www.casinos-online.co.uk/news...xt-two-months/

I agree with Renee to be honest. A lot of people use their credit cards to make the majority of their purchases online. For the simple reason, if your card details are obtained and fraud is carried out, your bank account isn't wiped out, and you dont have to wait weeks or months to get your money back.

I am all for responsible gambling, but this is another step towards a nanny state IMO.

This is just the ConDem coalition looking at raising more tax revenue.

[Renee]

It's OK if he only wants to ban Credit Cards (not Debit Cards).

Interesting, is it technically possible?

In Australia (NSW, not sure about the others) it's not allowed for lotto companies to take credit card to pay for things like scratch cards and lottery tickets. Not sure about online because that's the only way you'd be able to pay for them I guess.

[JoeAdams]

I think the UK government should focus more on prohibiting the use of credit cards in gambling to avoid the people from risking the money that they not have. It's okay to gamble, but risk only the money that they have. They should focus on teaching their people on how to be a responsible gambler because if they will focus mainly on blocking the online casinos, well, it would be more like bumping themselves into the wall.

[TheGooner]

I don't see any difference between using your credit card to gamble, or using your credit card to buy things online - say books, dvds, cinema tickets ... whatever.

Or for that matter in the real world - where people will pay for all sorts of things that they want with money that they don't have. Credit Cards, Hire purchase, Loan agreements. All debt that the purchaser will struggle to pay.

If the government wants to protect people who get into trouble by over-spending on credit cards balances that they cannot pay - then say so - and start clamping down on the bank issuance of credit cards and high limits to people with no ability to pay ...

(Of course we will not see THAT happen - because overnight economies would tank if consumers did not retain easy access to credit)

I have money - I have lots of money. But I still use my credit card.

I deliberately use a credit card for spending (and pay the balance off each month) because it has worldwide acceptance, and the T&Cs with each credit card give consumers a lot of protection against fraudulent use and bad merchants if there is a phantom charge or dispute about the service later on.

The reality is that is an incorrect moral judgement being made regarding credit cards and their use. It's a political grandstand headline but it's a false position and a slippery slope towards greater government control of personal finances.

[hohi]

I don't see any difference between using your credit card to gamble, or using your credit card to buy things online - say books, dvds, cinema tickets ... whatever.

Or for that matter in the real world - where people will pay for all sorts of things that they want with money that they don't have. Credit Cards, Hire purchase, Loan agreements. All debt that the purchaser will struggle to pay.

If the government wants to protect people who get into trouble by over-spending on credit cards balances that they cannot pay - then say so - and start clamping down on the bank issuance of credit cards and high limits to people with no ability to pay ...

(Of course we will not see THAT happen - because overnight economies would tank if consumers did not retain easy access to credit)

I have money - I have lots of money. But I still use my credit card.

I deliberately use a credit card for spending (and pay the balance off each month) because it has worldwide acceptance, and the T&Cs with each credit card give consumers a lot of protection against fraudulent use and bad merchants if there is a phantom charge or dispute about the service later on.

The reality is that is an incorrect moral judgement being made regarding credit cards and their use. It's a political grandstand headline but it's a false position and a slippery slope towards greater government control of personal finances.

True that!

[wagerjunction]

I don't see any difference between using your credit card to gamble, or using your credit card to buy things online - say books, dvds, cinema tickets ... whatever.

Or for that matter in the real world - where people will pay for all sorts of things that they want with money that they don't have. Credit Cards, Hire purchase, Loan agreements. All debt that the purchaser will struggle to pay.

If the government wants to protect people who get into trouble by over-spending on credit cards balances that they cannot pay - then say so - and start clamping down on the bank issuance of credit cards and high limits to people with no ability to pay ...

(Of course we will not see THAT happen - because overnight economies would tank if consumers did not retain easy access to credit)

I have money - I have lots of money. But I still use my credit card.

I deliberately use a credit card for spending (and pay the balance off each month) because it has worldwide acceptance, and the T&Cs with each credit card give consumers a lot of protection against fraudulent use and bad merchants if there is a phantom charge or dispute about the service later on.

The reality is that is an incorrect moral judgement being made regarding credit cards and their use. It's a political grandstand headline but it's a false position and a slippery slope towards greater government control of personal finances.

As usual you have seen beyond the obvious and perfectly put it into words

It is a fact that many people do not think twice about spending money they don't have and can end up in a mess at the end of the day. But people still get credit facilities relatively easily.

The Daily Mail in the U.K. is reporting Culture Secretary Jeremy Hunt wants to stop foreign-based online gambling companies from advertising in the country. This is due to growing concern that millions have become addicted to gambling.

That's cutting it pretty thin IMO. So the plan is to cure this growing addiction by preventing foreign-based online gambling companies from advertising in the UK?