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

Tue, 02nd Feb 2021 08:37

(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.



New rules include the introduction of limits on spin speeds, and the permanent ban on features that speed up play or celebrate losses as wins.

The commission also banned features that speed up play or give the illusion of control over the outcome and auto-play - which can lead to players losing track of their play.

Other changes include the permanent ban on reverse withdrawals - a function which allows consumers to re-gamble money they had previously requested to withdraw and the clear display to the player of their total losses or wins and time played during any online slots session.

Operators will also need to implement tough new player protection measures which will make online casino games less intensive and safer by design.

The changes come after the publication of a consultation by the Commission in July 2020 that revealed that an auto-play feature in online gambling games was linked to some players losing track of play, making it difficult for some to stop playing and in some cases gambling on other activities simultaneously.

Evidence shows that reverse withdrawal functions present a risk to players because of the temptation to continue gambling.

Neil McArthur, Gambling Commission chief executive, said: "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."

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14 Jul 2020 13:31

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(Sharecast News) - Rotork: RBC Capital Markets downgrades to underperform with a target price of 275.0p.

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14 Jul 2020 09:49

UK BROKER RATINGS SUMMARY: RBC Upgrades IMI And Downgrades Rotork

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7 Jul 2020 08:09

Gambling charity calls for UK banks to improve card blocking systems

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2 Jul 2020 18:21

IN BRIEF: Moody's Confirms William Hill's Ba3 Rating; Outlook Negative

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2 Jul 2020 08:30

GVC welcomes House of Lords report calling for overhaul of gambling laws

(Sharecast News) - GVC Holdings has backed calls by the House of Lords for an urgent review of gambling legislation.

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29 Jun 2020 20:09

IN BRIEF: Catalyst Media Notes SIS Acquisition Of 49's

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23 Jun 2020 14:35

Deutsche Bank anticipates 'exceptionally strong' first half for 888

(Sharecast News) - Deutsche Bank analysts upped their target price for shares of 888 Holdings citing the "extremely strong" momentum observed seen over the start of the year, updates from rivals and data on its own markets.

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23 Jun 2020 09:30

William Hill, Flutter shares fall as California sports betting bill pulled

(Sharecast News) - Bookmakers were under pressure on Tuesday after the state of California pulled a bill that would have legalised sports betting in person and online.

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19 Jun 2020 14:21

Friday broker round-up

(Sharecast News) - Domino's Pizza Group: Berenberg downgrades to sell with a target price of 250p.

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19 Jun 2020 11:06

UK WINNERS & LOSERS SUMMARY: TomCo Shares Double As It Cancels Placing

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19 Jun 2020 09:44

UK BROKER RATINGS SUMMARY: GS Likes Flutter And JPM Likes William Hill

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LONDON MARKET OPEN: Stocks Open In Green; Retail Sales Pick Up

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LONDON BRIEFING: Third Of All UK Retail Sales Are Online In May

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19 Jun 2020 08:01

JPMorgan upgrades William Hill to 'overweight' after placing

(Sharecast News) - JPMorgan Cazenove upgraded its recommendation on shares of William Hill to 'overweight' from 'neutral' on Friday, lifting the price target to 200p form 160p as it argued the recent placing reduces balance sheet risk and enables the group to capture US online market share.

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