UK online casino ops face regulatory shakeup

UK online gambling operators have been given new rules for their online slots offering that will likely take a big bite out of their online casino revenue. 

On Tuesday, the UK Gambling Commission (UKGC) announced a raft of changes intended to make certain online games “safer by design.” The changes follow a consultation launched last July that sought stakeholder and public input into how to ensure greater protections for vulnerable gamblers. 

Most of the changes involve online slots but the UKGC is also permanently codifying the prohibition on ‘reverse withdrawal functionality’ that was imposed as a precautionary measure last May as the UK went into its first pandemic lockdown.

The existing prohibition on reverse withdrawals will persist until October 31, 2021, the date by which the new rule will officially take effect. Operators must also strive to make the withdrawal process “as frictionless as possible.”