Online gambling industry

Common mistakes of beginners in gambling

Good news for all – the UK gambling business has been legalized. So now everyone can dive into the mysterious world of casino games without leaving their home or breaking the law. The total revenue is more than 13 billion GBP annually. The total revenue of the online market is 4.5 billion GBP. In the UK, there are more than 150 casinos, 600 bingo halls, 9K betting points, and over  176K slot machines. 

Interestingly, there was no single law regulating the UK gambling business until 2005. In the late nineties, the government created the Gambling Review Body, which had a great impact on the gambling society and business as a whole. According to research results, the government published the first Gambling Bill in 2003. The project has made four types of casinos legal:

  • Regional, resort casinos;
  • Large casinos;
  • Small casinos;
  • Not falling under the category of a licensed casino. This definition was introduced to cover the establishments that existed at that time.

Things have changed since that. Let’s take a look at what’s happening with the online gambling business.

Gaming Regulators

At this time, the gambling business in the UK is handled by the following authorities:

  • Gambling Commission;
  • Licensing Committees or Licensing Authorities.

The former is responsible for all gambling business issues, except for spread betting (financial betting). This belongs to the powers of the Financial Conduct Authority. The latter are organized locally and include representatives from local authorities. In such a way, the local government monitors how the business works and resolves issues promptly.

Conditions for Obtaining a Gambling License

To get a gambling license from the regulatory body, the company should comply with specific conditions and rules. The issuance of licenses is governed by the Licensing Conditions and Codes of Practice (LCCP) Ordinance. This provision governs the order in which gambling premises are provided. There are two types of licenses: 

  1. for land-based platforms;
  2. for online casinos. 

Licenses are issued separately for the areas of gambling and products being on offer:

  • Casino games;
  • Bingo;
  • Slot machines of different categories;
  • Lottery.

Applications are submitted to the Gambling Commission, which publishes a list of all licenses on its website. Any person or organization can apply for a license; however, the Commission must approve the equipment and the reliability of the gaming provider. 

What Does It Mean for a Gambler?

Taking into account that there is a green light for gambling in the UK, it means that you can play all your favourite games online without breaking the law, be it online slots or poker. All you need to do is to select a trusted online gambling platform and register a gaming account there. The best thing is that you can be sure that there is no one to ban your passion and gambling hobby. You have a real chance to play your favourite games and even win real money online.

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