Britain’s Department for Digital, Culture, Media, and Sport (DCMS) has approved an uplift to all fees on gambling commissions. This has been announced yesterday in a DMCS’s consultation response on the funding of the UK’s Gambling Commission (UKGC).
British news about the legal sector of the gambling industry state that this is the first change in gambling fees in UK since 2017.
UKGC’s need for extra funding led to the fees’ uplift
The government’s consultation response states, that an increase in fees will assist UKGC in confronting the technological challenges as well as cover its ever-rising expenses. DCMS has also disclosed that the British regulator needs an extra funding to protect local players from the dangers of the black market.
All the alterations to the gambling fee system will be implemented by the 1st of October 2021. They include a 55 per cent increase in annual fees for remote licensees, as well as a 60% uplift in application payments. Additionally, UKCG will eliminate all annual fee discounts for the gambling operators.
The DCMS has also approved a 15% rise in annual payments for remote licensees. The changes will come into effect on the 1st of April, 2022. The land-based gambling operators were granted a delay due to the losses they sustained amidst the COVID-19 pandemic.
An ongoing revision of the British Gambling Act is also very likely to affect the licensing system in the gambling sector.
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