The United Kingdom is dominating the gambling field and is classified among the best destinations to enjoy land-based or remote gambling activities. Mainly recognized for its largest regulated online gambling market in the world, the continued growth and success of gambling in a secure and fair environment there is chiefly thanks to the UK Gambling Commission (UKGC). This governmental body was formed under the 2005 Gambling in 2007 and has become more powerful since 2014. Reputed for implementing strict player protection measures to ensure a fairer and safer gambling environment, this British gambling watchdog’s roles and responsibilities focus on strengthening protections around gambling, both offline and online. How the UKGC helps the players to fully take advantage of gambling?
More Lucrative Offers
As the UKGC is reliable for the regulatory framework of the gambling activities based in the UK; this powerful entity released new regulations related to the bonus schemes provided by the operators. In the goal to establish a safe and fair environment for all the stakeholders, offering promotions is an important part of the gambling area whether in the land-based or web-based gambling platform. Obviously, the laws impact how the betting and gambling companies will be providing their promotion programs. In this regulation, the casinos are obliged to clearly explain the requirements to win bonuses and free bets. The casino’s guide must clearly describe the rules of sign-up bonus, free bonus usage, several promotions, and the wagering requirements associated with these bonuses.
Less Unlicensed Brands
Added to regulating the gambling industry in the UK, the UKGC also licenses gambling in Great Britain and as licensees, the operators have an obligation to follow this national regulator’s rules. In order to operate in the UK, the companies must receive a separate license for each type of gambling activity. Actually, two different types of operating licenses are offered by the British regulatory body; a standard and a limited. The standard license is dedicated to the operators who supply the facilities to its players. Three types of standard licenses can be demanded depending on the operators’ activities; license for the operating platform, license for real events, and license for virtual events. As for the limited license, it is needed when the operators provide the facilities through the internet or other communication means. The operators who are illegally offering gambling in Great Britain will be outlined of a series of tougher penalties and tighter rules.
Better Free Offers
Free offers are mostly referred to as rewards for slot players and the common rewards are the so-called Free Spins. Nonetheless, other games are also packed with free rewards allowing the gamblers to play the game without depositing. For example, the bingo options with £10 free bingo offers are great opportunities to boost huge prizes in a zero budget. Some online casinos can grant their players 50 spins but if a gambler cannot meet the wagering requirements, the bonus won’t be converted into real cash. As the requirements for free bonuses vary depending on the gambling platforms, the Gambling Commission implemented new regulations to make these rewards fair and exploitative. In this statute, the gambling brands should not retain the players’ gains from wagering bonuses and free bets. The operators are obliged to release the gains without holding even a cent to a gambler who wagers free bets on the online gaming sites.
Safer for Punters
The UKGC is very strict when it comes to protecting the punters by enforcing stricter laws to prevent them from gambling-related harms. Working hard to protect minors and vulnerable people from all possible negative impacts of betting practices, this British renowned body punishes and penalizes the operators who failed to establish a strong policy to protect the players. Moreover, the KYC (Know Your Customer) system is also another solution to avoid any financial dangers related to gambling. All licensed gambling companies based in the UK must apply this process to safeguard their customers and their interests. KYC is, in fact, a procedure that gamblers must follow to check their identity and financial information before their withdrawals are approved.
Conclusion
Besides the well-known places for enjoying gambling activities like Las Vegas and Macau, the UK is appreciated for its policy to regulate gambling through stricter laws. Betting practices are fair and safe in Great Britain where all licensed operators must run their businesses under the regulation of the UKGC. Despite the dramatic growth of online betting platforms, this British Gambling Commission has implemented very stringent laws and regulations with the main goal to ensure the players’ security and safety. In this regulatory body’s roles and responsibilities, the operators must provide more lucrative bonuses, apply safer approaches to protect their customers, and hunt the unlicensed betting platforms.