The latest London South East Webinar takes place on July 6. Come and hear CEO’s from Orosur Mining, Caledonia Mining, Glantus Holdings and Tekcapital speak. Please register here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWilliam Hill Share News (WMH)

  • There is currently no data for WMH

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

UK Gambling Commission In Online Slot Machine Crackdown

Tue, 2nd Feb 2021 09:14

(Alliance News) - The online slot machine industry must introduce a series of strict new measures to protect players, the UK's Gambling Commission has announced.

Online slot machines have soared in popularity during the Covid-19 pandemic as lockdowns and the cancellation of sporting events have seen gamblers turning to the games in record numbers.

But, by the end of October, online slot machine operators must limit the speed of the games, stop using sounds and images suggesting a "win" when the user has lost, and end the use of auto-play settings.

Slots are worth GBP2.2 billion and the industry is growing at around GBP100 million a year, according to the regulator.

Gambling Commission Chief Executive Neil McArthur said: "To make online games safer we are introducing a ban on features that speed up play or give the illusion of control over the outcome.

"We are also introducing a ban on autoplay, losses disguised as wins, and slot spin speeds faster than 2.5 seconds. The evidence shows that these features increase the risk of harm to customers.

"This is another important step in making gambling safer and, where the evidence shows that there are other opportunities to do that, we are determined to take them."

UK Sports Minister Nigel Huddleston said: "Today's steps will help curb the intensity of online gambling, introducing greater protections that will reduce the risk of gambling-related harm.

"I welcome the Gambling Commission's tough measures as we continue our comprehensive review of gambling laws to make sure they're fit for the digital age."

The commission said it has focused on online slots because of its features which increase the intensity of play and the corresponding risks to players.

Slot games have by far the highest average losses per player of online gambling products, it added.

Other changes also include a permanent ban on reverse withdrawals – a function which allows consumers to re-gamble money they had previously requested to withdraw.

Operators must also clearly display to the player their total losses or wins and time played during any online slots session.

Flutter Entertainment PLC, Entain PLC, William Hill PLC and 888 Holdings PLC are among the London-listed gambling companies with online casino offerings.

Paddy Power owner Flutter was trading 0.4% higher on Tuesday morning. Ladbrokes owner Entain was down 0.4%, William Hill was up 0.1% and 888 shares were 0.3% down.

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News

UPDATE 2-William Hill gets court approval for $4 bln takeover by Caesars

* Court approved scheme likely to be effective Thursday* WMH shareholder HBK had sought clarity on Caesars JV* Trans-Atlantic gambling takeover deals on the rise (Adds shares, analyst comment, background)By Pushkala Aripaka and Yadarisa ShabongApril...

20 Apr 21 11:26

UPDATE 1-Grand National sets record for UK online sports betting

(adds details in para four)By Muvija MApril 12 (Reuters) - The Grand National was Britain's biggest ever online sports betting event as shop closures meant punters had to go online or use mobile apps to bet on one of the annual highlights of the hors...

12 Apr 21 17:30

UPDATE 2-Grand National sets record for UK online sports betting

* Entain estimates more than 100 mln stg bet on the race overall* But takings lower than previous years due to shop closures (Adds comments from 888)By Muvija MApril 12 (Reuters) - The Grand National was Britain's biggest ever online sports betting e...

12 Apr 21 17:30

UPDATE 3-Grand National sets record for UK online sports betting

* Entain estimates more than 100 mln stg bet on the race overall* But takings lower than previous years due to shop closures (Adds Flutter spokeswoman)By Muvija MApril 12 (Reuters) - The Grand National was Britain's biggest ever online sports betting...

12 Apr 21 17:30

Grand National sets record for UK online sports betting

By Muvija MApril 12 (Reuters) - The Grand National was Britain's biggest ever online sports betting event as shop closures meant punters had to go online or use mobile apps to bet on one of the annual highlights of the horseracing calendar.Entain, th...

12 Apr 21 17:12

William Hill scheme court hearing for Caesars deal delayed by one day

William Hill scheme court hearing for Caesars deal delayed by one day

18 Mar 21 10:47

William Hill expects approval for takeover by Caesars on March 23

William Hill expects approval for takeover by Caesars on March 23

10 Mar 21 10:45

William Hill revenue falls; Caesars takeover could complete this month

William Hill revenue falls; Caesars takeover could complete this month

4 Mar 21 10:13

UPDATE 2-Ladbrokes owner plays safe by skipping dividend even as profit jumps

* FY earnings up 11%, online jumps 50%* CFO sees annual online growth to decline year-on-year* Shares down 2% in morning trade* Entain to expand into 20 U.S. states by 2021-end (Adds CFO comments from call)By Muvija M and Chris PetersMarch 4 (Reuter...

4 Mar 21 07:32

Profits tumble at William Hill as Covid weighs heavily

(Sharecast News) - William Hill reported a slump in profits on Thursday, after the Covid-19 pandemic shut its casinos and high street shops and disrupted the sporting calendar.

4 Mar 21 07:00

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

25 Feb 21 16:19

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

17 Feb 21 15:57

UK Gambling Commission In Online Slot Machine Crackdown

UK Gambling Commission In Online Slot Machine Crackdown

2 Feb 21 09:14

UK gambling firms told to slow down slot machines in new crackdown

(Sharecast News) - UK gambling firms have been told to slow down spin speeds on online games as part of a package of strict safety measures by the Gambling Commission.

2 Feb 21 08:37

UPDATE 2-MGM Resorts drops takeover plan for Ladbrokes-owner Entain

* MGM does not intend to submit revised proposal* Entain had earlier rejected $11 billion approach* Look forward to working with MGM on JV - Entain* Entain shares down around 15% (Adds analyst comments, details on deal, background)By Tanishaa Nadkar...

19 Jan 21 14:00

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.