British group APPG is pushing for an iGaming cap of a daily €54 in the UK as land-based options shut down due to coronavirus.
UK.- British organisation Gambling Related Harm All Party Parliamentary Group (APPG) is calling for a daily iGaming cap. The group is urging operators to limit betting to €54 a day as the land-based segment shuts down.
The group sent a letter to the Betting and Gaming Council (BGC) calling for measures ahead of a major change. The British government shut down land-based operations and the iGaming market will surely grow.
“If the industry were to self-impose a daily limit of €54 for every individual who becomes active on gambling sites, it would be a clear demonstration that the industry is willing to act responsibly,” the letter says.
“(…) we urge you to; introduce this €54 a day maximum spend; to suspend the facility for individuals to open extra accounts when they already have an account; and to increase interventions to protect gamblers.
“We urge the industry to do the right thing. To take immediate steps to protect the financial and mental well-being of our society in these unprecedented and deeply uncertain times.”
Amid the coronavirus crisis, the British iGaming segment could grow, but a daily cap may limit its margins. Should it happen, the state would also get less tax money from it, so we’ll just have to wait and see if they listen to APPG.