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UK Gambling Laws
The gambling laws in the UK may have relaxed however, new changes will make a big impact on the gaming industry especially bookmakers.
Probably the most important change affecting bookmakers in regards to the new gambling laws in the UK is the establishment of a new single regulatory authority, the Gambling Commission. Under new gambling laws in the UK the Gambling Commission are to licence all gambling operators and key workers.
As a part of the new gambling laws in the UK the Gambling Commission will have a wider remit than the Gaming Board, which will extend to betting and online gambling. They will also have broader powers including powers to impose fines and commence prosecution under the new gambling laws in the UK.
Under these new gambling laws in the UK betting operators will require an operating licence from the Gambling Commission. To acquire this they will have to undergo a three part “fit and proper” test along the lines now applicable to casinos.
The first part of this “fit and proper” test issued under new gambling laws is to do with probability. Is the applicant suitable to take a role in the industry? Secondly, does the applicant have adequate financial resources? Thirdly, is the applicant appropriately knowledgeable and professionally competent?
So far as corporate clients are concerned, the test will be applied to the directors and other persons holding positions of authority or influence over it. Under the new gambling laws in the UK vetting will be thorough, involving completion of forms, investigation and review by the Commission’s Inspectorate and other staff, and where appropriate, interviews.
Once the licence is appointed under new the new gambling laws in the UK, operators will be subject to ongoing monitoring and inspection. Global Betting and Gaming Consultants can help our clients with licence applications under the new gambling laws in the UK we can also help our clients understand the new laws and how they are going to affect them.