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BGC Demands Improvement of Casino Payment Regulations

24 August 2020, 10:54
Votes: 1

According to the latest gambling news from the UK, the country’s Betting and Gaming Council (BGC) recommends Rishi Sunak, the Chancellor, to pay attention to current payment legislation.

BGC Demands Improvement of Casino Payment Regulations

BGC representatives have stated that the current payment law requires modernization, and it may help to protect the most reputable UK casinos. Its improvement will facilitate the financial recovery process of high-end casinos after the permission to reopen on August 15.

What is the main problem in an effective payment law?

As technologies are constantly developing, bringing cutting-edge solutions to all markets, the gambling industry needs to follow the newest trends as well. However, such a 20th-century notion as a cheque is still present in the casino vertical. It makes payments outdated and less attractive to tourists who visit the country for gambling entertainment.

That is why BGC asks the Chancellor to reconsider section 81 of the Gambling Act 2005, which enforces visitors of Great Britain’s leading casinos to use cheques while playing there. The processing of this payment method is very expensive. The council demands that the government has to give the green light to modern payment systems, which will be more convenient for foreign players.

Read more: Gambling in Europe: how can operators get a license?

Read more: The list of new online casinos in the UK

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