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Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
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Britain bans UK consumers from using credit cards to gamble

Tue, 14th Jan 2020 07:26

LONDON, Jan 14 (Reuters) - Britain's 24 million adult
gamblers will not be able to use credit cards to gamble under a
new rule designed to prevent consumers from building up too much
debt.

The Gambling Commission said on Tuesday the ban, which comes
into effect on April 14 2020, will apply to all online and
offline gambling products apart from 'non-remote lotteries' -
lotteries where payment is made face-to-face.

Research by the commission classes 22% of online gamblers
who use credit cards as "problem gamblers".
(Reporting by Elizabeth Howcroft; editing by Kate Holton)

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