The Gambling Act of 2005, the foundation for all gambling regulation, is now being reviewed by the British government to see if it is appropriate for the internet age. Because many people’s feelings of loneliness, boredom, stress, anxiety and financial problems were heightened during the epidemic, fears of an increase in addiction and dangerous gambling have been raised. Since the first U.K. lockdown in March, many casual bettors have been lured to more serious activities such as slots and casino games, with sports fixtures cancelled and gambling corporations increasing internet advertising by threefold.
While fewer people were gambling during the pandemic, the Gambling Commission discovered that many existing online gambling customers were expanding into new activities and spending more time and money playing.
The Commission has expressed particular worry about the rising use of online slot machines, noting that participation in a greater range of gambling activities can lead to higher levels of “moderate-risk and problem gambling.”
The British Council for Gaming and Betting has stated that gambling issues have been in control for the last 20 years. The adverse causes of concern represent only a percentage rate of 0.5% currently.
With the rise of digital wagering platforms and gamers in the British market, due diligence for law-abiding supervisory is expected.
The easy accessibility of digital slotting gaming platforms makes an appealing offering for gamblers and thus makes it even more addictive.
Though the issue at hand should be taken seriously, gaming establishments will be in a contradictory position. After the shift to the digital landscape, selected gambling firms in the UK saw momentous revenue filings worth £803.5 million being developed, keeping their enterprise afloat. British gambling establishments that have seen the rise of revenue with this digital disruption are Gamesys, Bet 365, and 888 Holdings, to name a few.
