{"id":3846,"date":"2024-11-27T21:20:42","date_gmt":"2024-11-27T22:20:42","guid":{"rendered":"http:\/\/restaurace-pohoda.eu\/?p=3846"},"modified":"2024-12-05T13:41:05","modified_gmt":"2024-12-05T13:41:05","slug":"uk-govt-confirms-mandatory-levy-online-slots-cap-incoming","status":"publish","type":"post","link":"http:\/\/restaurace-pohoda.eu\/index.php\/2024\/11\/27\/uk-govt-confirms-mandatory-levy-online-slots-cap-incoming\/","title":{"rendered":"UK Govt. Confirms Mandatory Levy, Online Slots Cap Incoming"},"content":{"rendered":"

All casino and betting companies operating in the UK will be subject to a mandatory levy that will raise around \u00a3100 million (US$127 million) per year to fund problem gambling research and treatment.<\/p>\n

\"UK
The Houses of Parliament in Westminster, London, above. The Labour administration has confirmed that the mandatory levy and slash in maximum stakes for online slots proposed by its predecessor will take effect next year. (Image: Institute for Government)<\/figcaption><\/figure>\n

The new Labour Party administration\u2019s<\/a> Department of Culture, Media, and Sport (DCMS) announced Wednesday that the levy will replace an existing voluntary system that allows UK-licensed operators to choose how much they wish to contribute.<\/p>\n

While many operators donate generously to the voluntary levy, some give significantly less. In the last financial year to March 2024, payments ranged from the \u00a318 million and \u00a316.8 million donated by Flutter Entertainment and Entain Plc respectively, to the \u00a30.96 offered by a charity devoted, ironically, to \u201ccorporate giving.\u201d<\/p>\n

\u00a35 Max. Spin <\/strong><\/h2>\n

The announcement confirmed the implementation of measures recommended in the previous government\u2019s white paper<\/a> on gambling reform, published last year. The DCMS said it would also press ahead with imposing a cap on online slots stakes, as also recommended in the white paper, which are currently unlimited.<\/p>\n

Stakes will be fixed at a maximum \u00a35 per spin (US$6.43) for those aged over 25 and \u00a32 (US$2.53) for 18 to 24-year-olds.<\/p>\n

\n

Gambling harm can ruin people\u2019s finances, relationships and ultimately, lives,\u201d said gambling minister Baroness Twycross. \u201cWe are absolutely committed to implementing strengthened measures for those at risk, as well as providing effective support for those affected.<\/p>\n<\/blockquote>\n

\u201cThe introduction of the first legally mandated levy will be instrumental in supporting research, raising awareness and reducing the stigma around gambling-related harm,\u201d she added.<\/p>\n

The changes have been a long time coming, and they still won\u2019t be implemented until next year. Under the new levy system, operators will be required to pay between 0.1% and 1.1% of revenue, with online businesses contributing at the higher rate because costs are lower.<\/p>\n

BGC Backs Move<\/strong><\/h2>\n

Industry advocacy group the Betting & Gaming Council (BGC) initially opposed the mandatory levy but later opted to back the policy, perhaps because BGC members are contributing most of the voluntary payments.<\/p>\n

But BGC chief executive Grainne Hurst took umbrage at the tone of Baroness Twycross\u2019s announcement.<\/p>\n

\n

Ministers must not lose sight of the fact the vast majority of the 22.5 million people who enjoy a bet each month, on the lottery, in bookmakers, casinos, bingo halls, and online do so safely, while the most recent NHS Health Survey for England estimated that just 0.4 per cent of the adult population are problem gamblers,\u201d Hurst said.<\/p>\n<\/blockquote>\n

\u201cThe tone of this announcement suggests the government is at risk of losing perspective of these facts, while simply dancing to the tune of anti-gambling prohibitionists, which serves no one,\u201d she added.<\/p>\n

The post UK Govt. Confirms Mandatory Levy, Online Slots Cap Incoming<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

All casino and betting companies operating in the UK will be subject to a mandatory levy that will raise around \u00a3100 million (US$127 million) per year to fund problem gambling research and treatment. The Houses of Parliament in Westminster, London, above. The Labour administration has confirmed that the mandatory levy and slash in maximum stakes…<\/p>\n","protected":false},"author":1,"featured_media":3848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[],"_links":{"self":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3846"}],"collection":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/comments?post=3846"}],"version-history":[{"count":2,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3846\/revisions"}],"predecessor-version":[{"id":3849,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3846\/revisions\/3849"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media\/3848"}],"wp:attachment":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media?parent=3846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/categories?post=3846"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/tags?post=3846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}