DOUGLAS, Isle of Man, November 10, 2014 /PRNewswire/ --
On the 1st of November the British government introduced new legislation to tighten its control over online casinos and betting organisations. The Gambling Commission was given the task of enforcing the new regulations. These new steps are now likely to protect the future of online casinos targeting UK players and benefit UK players in a number of ways.
The number of online casinos targeting the UK has grown rapidly in recent years without sufficient control over standards and player protection. The new legislation is seen as a positive move by legitimate operators as it helps prevent online gambling from becoming a source of crime. Since the 1st of November of this year, operators like TradaCasino, licenced by the Gambling Commission need to provide a link to the public register, outlining its licence status. Approximately 150 online betting and gambling organisations applied for the licence so far with some operators deciding to opt out of the UK market altogether.
Operators are required to obtain a licence under a number of conditions including a code of practice or (LCCP) to make sure all gambling is conducted in a fair and open way. Another series of measures will protect players' funds and help those affected with gambling addiction.
Although the legislation is not ideal for most operators and seeks to remove others, it's hugely beneficial, as it acts in the players interests. The regulation in place ensures that all games such as Slots and online Scratchcards have been tested by approved third parties to ensure outcomes are fair before they can be offered to UK players.
With the help of the new regulations, UK customers can make better decisions about legitimate online casino sites. These new steps will act in the best interest of the British consumer and provide them with more detailed information and the protection they deserve the next time they feel lucky.
SOURCE TradaGames Isle of Man Limited