The Final Nail In The Coffin?

[mickyfu]

How out of touch can the UKGC get?

https://www.sigma.com.mt/news/ukgc-s...ling-operators

To sum it up the UKGC plan on restricting losses to £100 per month.

[PromoteCasino]

Yep, gambling in the UK is goosed if this goes through.

Saw this a couple of days ago but was too mad to mention it.

[Sherlock]

I guess the history will show the final nail was hit some time ago.
If true then this is awesome and the zombie of cryptogambling will rise up from grave.
I am just afraid UKGC will not come with this madness. Because the implications would be too great. No money for the thieves for advertisement and huge incentive for illegal operators. On larger scale, this has to happen elsewhere in the world. The whitest and purest gambling will be completely unusable and the real gambling will be again pitch dark with nice revenue.

[Cash Bonus]

That's really quite absurd. The UKGC have lost touch with reality. They're starting to sound more desperate and just want to control and dominate wherever they can. They'll come up with anything at this point.

[mickyfu]

I'd guess these morons will shoot themselves in the foot very soon. Could you imagine needing 2000 players a month to make 50k?

Soon they will be trying to dictate rules to offshore companies because they have lost any business the UK online casinos were bringing them. It'd be nice to see the self serving UKGC go down the drain, where they belong with their bullshit

[Sherlock]

After they will fail, they will not go down the drain. They are a state institution. As they will keep destroying this industry, they will just get more sources from state budget, to do even more nonsensical steps. Same story as any other post-capitalistic bureaucracy. Either way the few billions from tax payers sent to some UKGC retards instead of unemployment benefits are irrelevant.

Next steps will be hard-blocking of all websites. Then they will try to block apps as well. This will push the energy of consumers not just to crypto, but also to deepweb.

The interesting times are ahead again. We should not discuss the already long dead UK market. Why we keep beating the dead horse. Business is always about looking forward as far as we can - and being horrified when inevitable happens is looking backwards. I personally do not care, because I withdraw from gambling and online world after all other markets die with regulations (or at least that is my plan), but the worst in UK was already reached. From UK 2020 I have zero gambling income. It brings more to promote there nongambling or sell the traffic. It can not be worse already.

[LegalBetAndy]

To sum it up the UKGC plan on restricting losses to £100 per month.

It is unclear if this is Casino losses, Sportsbook losses, or both. I assume Casino because Sportbook there would be no verifiable way to know how much you "lost" in a month until it is too late, a bet can be placed now but settle in May next year, it will lose, but when did I lose that money? Can I only place £100 of bets a month because they "might" lose. What if they win? Is it Net losses per month or you have a rolling limit, so if I win £500 in January can I now lose £600 in February, or is it still only lose £100 in February?

I do not see this as being possible to implement also because it can only really be enforced by each operator, and if I lose £100 at William Hill on monday, what is to stop Ladbrokes letting me lose £100 there on Tuesday? How will Ladbrokes know what I have done at William Hill? There is getting on for 100 licenced bookmakers who take UK customers online (that I know of), so losing £100 at each, you can still lose almost £10k a month if you really tried.

It is madness. I have alluded to this in another post but they really are a contemptuous organisation. Utterly clueless.

[Sherlock]

If I am not mistaken in the UK they forced all legal bookies to share info of self-banned gamblers, did not they?

So they will force all to share info of all bets, or even better, they will manage it. They will need to hire hundreds of experts who will take care of one database that will be instantly leaked and abused, so they will need to hire even more experts for data protection, which will not work. But that will be ok, because the budgets will be raised and that is the goal. Everyone will soon agree that we can not live without it like without airport security checks, AML, facemasks, night closed pubs.

[Former Member 14]

the real gambling will be again pitch dark with nice revenue.

Yep

[Former Member 14]

Yep, gambling in the UK is goosed if this goes through.

Don't wish to ruffle your feathers anymore than they already are... but UK gambling was goosed as soon as the UKGC et al got their paws on it. They've done nothing but f#ck it up for everyone.

[PromoteCasino]

Don't wish to ruffle your feathers anymore than they already are... but UK gambling was goosed as soon as the UKGC et al got their paws on it. They've done nothing but f#ck it up for everyone.

I agree completely, but there were still slim pickings to be had as an affiliate although getting much harder. As a punter/player I would not get very far on my usual stakes and a loss limit of £100 I would be scratching my head for the next 29-30 days before I could have a punt again.

Would I turn to more unregulated sites to get my jollies up, I am not sure. We will have to see how this develops.

Might have to go out and get a girlfriend as that was the last time I did not gamble

[Strider1973]

Might have to go out and get a girlfriend as that was the last time I did not gamble

lol, I was just wondering one of the two is less costly

[universal4]

lol, I was just wondering one of the two is less costly

In reality, they are both a gamble.

Gambling at a casino or sportsbook regularly is FAR LESS costly.


Rick
Universal4

[Former Member 14]

In reality, they are both a gamble.

Agree. On one hand your hoping 'Lady Luck' is feeling generous, on the other, your hoping you get Lucky

[Mattbar]

Would I turn to more unregulated sites to get my jollies up, I am not sure. We will have to see how this develops.

Regulators surely have to acknowledge that if they go down this route then it is going to drive a huge black market, which goes against the very point of why licensing was brought in in the first place.

If you told people they could only buy one litre of booze each month do you think people would be satisfied with that or would they go and buy it illegally? It's the same issue.

[baldidiot]

The original article is a bit misleading, this isn't something the UKGC have come up with it's more nonsense from the SMF. They've suggested it to the UKGC who have said they'll 'consider it'.

I have also considered it and have come to the conclusion that they can sod off.

There may well be some watered down version of it but the headline £100 figure isn't something the UKGC are pitching.

[tufty]

I would put this whole thing in the category of 'fake news'. It would destroy all UK online bookies and the whole of the UK horse racing industry, which is funded from the betting on the sport. Between them they employ millions of people. I haven't even thought about the countless other economic casualties. It really is just an April Fools joke. If any moron in the UKGC actually thought this, they wouldn't get too far with it. I don't believe this nonsense even originated from them.

[mickyfu]

I would put this whole thing in the category of 'fake news'. It would destroy all UK online bookies and the whole of the UK horse racing industry, which is funded from the betting on the sport. Between them they employ millions of people. I haven't even thought about the countless other economic casualties. It really is just an April Fools joke. If any moron in the UKGC actually thought this, they wouldn't get too far with it. I don't believe this nonsense even originated from them.

I think you may underestimate how moronic the people at the UKGC are. I think you are giving them.far too much credit.

[tufty]

I think you may underestimate how moronic the people at the UKGC are. I think you are giving them.far too much credit.

I have done some more reading on the subject, and you may be right. It is not as bad as stated in this thread, but not far off it. It certainly is a threat, as you say. This from the Racing Post, in an article currently behind a paywall, is more accurate:

"The Gambling Commission said the £100 figure was the lowest likely threshold that might prompt an affordability check after which a customer would have to prove they could afford to lose more."

The article does then go on to highlight the threat that this would be to racing's finances.

So I amend my view: the threat is real but I do think it is unlikely it would ever actually happen, at least not at a level so low, because it would destroy so many jobs and severely damage industries beyond just bookmaking.

[Sherlock]

It is fake news. But fake news are the initial step of Overton window. I believe something like this will gradually happen. More likely something like the accredited gamblers (like accredited investors). I agree it will be - besides other collateral damage - end of racehorses. After all those shiny perfect new men&women who are against gambling are also against "torture of animals" aka races.

It does not change the fact that we affiliates should support those extreme bullshts that can destroy the current situation. I am making zero on UK market. There are still people who are like nearly cooked frog of Uk market, who are so afraid to lose the few pennies that left for them. UK gambling market is a multibillion market and affiliates can in theory get by orders of magnitude more than what we are getting from GVC or Betfair/PP thieves now, if your account was not closed yet.