And so it begins - UK to impose £2 maximum stakes

[pinnit2015]

https://www.theguardian.com/society/2020/feb/13/shares-in-betting-firms-plunge-suggested-cap-in-online-casinos

Riding on a sea of anti gambling populism.

If this comes it there will be a mass exodus of casinos from the UK - it's not scaremongering, it's basic economics - low rolling cannot sustain a casino.

I hope if it does the casino's find a way around it, albeit temporarily.

And, for medium/high rollers, a mass rush to other operators who may or may not be that great.

Good job UKGC if you put this through.  

 

[cocopop3011]

5 hours ago, pinnit2015 said:

https://www.theguardian.com/society/2020/feb/13/shares-in-betting-firms-plunge-suggested-cap-in-online-casinos

Riding on a sea of anti gambling populism.

If this comes it there will be a mass exodus of casinos from the UK - it's not scaremongering, it's basic economics - low rolling cannot sustain a casino.

I hope if it does the casino's find a way around it, albeit temporarily.

And, for medium/high rollers, a mass rush to other operators who may or may not be that great.

Good job UKGC if you put this through.  

 

Whhhooa! Over the next 6 months! I wasn't expecting this to be a thing for a while yet! So are they going to be updating the Gambling Act befre imposing the new rule then?

[pinnit2015]

2 hours ago, cocopop3011 said:

Whhhooa! Over the next 6 months! I wasn't expecting this to be a thing for a while yet! So are they going to be updating the Gambling Act befre imposing the new rule then?

Still not decided.... I imagine if they do it they’ll end up with a fiver as the limit to stay in tow with land based.

Dont think they’ll need to amend the GA though I know it’s been looked at, atm.

Prepare for a lot more complaints of U.K. non pays or allowed to register at Curacao etc. 

[Afi4wins]

For low rollers, there's still hope for slotting fun...at least still better than in the US, Australia and a few other countries...for as long as those casinos stay around in the UK.

Such ruling would never affect me anyway, as I don't bet $2 nowadays. 

[pinnit2015]

If i was a casino i'd be, legally, challenging it - from purely a slotting (sportsbook excluded) POV, you're (if the high rollers abandon ship), wiping out a revenue stream of well above 50% (going to find the report about high rollers contribution to profits).

In many ways whether folk bet above that now and again is a red herring - i don't go above it either that much but when on a run, like the other night when Bonanza played OK, i was on 4 quids for about 100 spins, it's my choice. Just another fable of choice being whipped away from both players and casino's. 

And yeah, it'll drive players into the arms of less scrupulous casinos - safer gambling., er nope. Makes absolutely no sense, whatsoever. 

The government came for my beloved cocopops (not Sharon) and Irn Bru when they imposed the sugar tax and now it's the things we do when eating and drinking those. 

[pinnit2015]

And, yet, we'll still see the following ad nauseam...

 - Oh, i gambled more than i should have and you never stopped me - money back please

 - Oh, i opened up another account despite being SE, can i have my money back please

So thanks to over zealous politicians, those charged with agenda's and player fraud in the UK, you've nearly achieved what you wanted - just a few more nails and the coffin will be sealed 

[cocopop3011]

6 hours ago, Afi4wins said:

For low rollers, there's still hope for slotting fun...at least still better than in the US, Australia and a few other countries...for as long as those casinos stay around in the UK.

Such ruling would never affect me anyway, as I don't bet $2 nowadays. 

Yeah same as me, obviously I’m not going to be effected, but I would worry that we’d lose more casinos

[cocopop3011]

1 hour ago, pinnit2015 said:

If i was a casino i'd be, legally, challenging it - from purely a slotting (sportsbook excluded) POV, you're (if the High Rollers abandon ship), wiping out a revenue stream of well above 50% (going to find the report about High Rollers contribution to profits).

In many ways whether folk bet above that now and again is a red herring - i don't go above it either that much but when on a run, like the other night when Bonanza played OK, i was on 4 quids for about 100 spins, it's my choice. Just another fable of choice being whipped away from both players and casino's. 

And yeah, it'll drive players into the arms of less scrupulous casinos - safer gambling., er nope. Makes absolutely no sense, whatsoever. 

The government came for my beloved cocopops (not Sharon) and Irn Bru when they imposed the sugar tax and now it's the things we do when eating and drinking those. 

As with the sugar tax, brexit, whatever, we adjust our lives to suit the new rules. If players enjoy playing I think a lot will still play regardless of bet size, they’ll just adjust how they play. I don’t know maybe I’m wrong.,

[Afi4wins]

16 minutes ago, cocopop3011 said:

Yeah same as me, obviously I’m not going to be effected, but I would worry that we’d lose more casinos

When every other casino has run away, the stubborn remaining one shall struggle and survive...mere bread crumbs at first, but becoming full loaves in time! 

[pinnit2015]

1 hour ago, cocopop3011 said:

As with the sugar tax, brexit, whatever, we adjust our lives to suit the new rules. If players enjoy playing I think a lot will still play regardless of bet size, they’ll just adjust how they play. I don’t know maybe I’m wrong.,

May as well become a sheep then and bow to our Uber lords

Anyone used to playing at bet sizes bigger than that won’t adjust but go outwith the U.K: someone used to rolling on five quids won’t suddenly be content with 40ps IMO; and why should they. 
 

Personal choice is gradually being eroded across all aspects of life but ho hum

[pinnit2015]

1 hour ago, Afi4wins said:

When every other casino has run away, the stubborn remaining one shall struggle and survive...mere bread crumbs at first, but becoming full loaves in time! 

A mouldy one at that with fruit flies around it

[ValDes]

So many head-on collisions here... 

Billions of revenue and stock prices wiped out plus loss of thousands jobs opposed to billions of pounds not being spent on gambling by hundreds of thousands problem gamblers and thousands of families, careers and lives saved

OR

Saving hundreds of thousands problem gamblers from themselves opposed to interfering millions of non-problem gamblers playing habits  and right to choose

And hey, where's the 'advocate' of the common, non-problem gambler and his rights here? 

[pinnit2015]

19 minutes ago, ValDes said:

So many head-on collisions here... 

Billions of revenue and stock prices wiped out plus loss of thousands jobs opposed to billions of pounds not being spent on gambling by hundreds of thousands problem gamblers and thousands of families, careers and lives saved

OR

Saving hundreds of thousands problem gamblers from themselves opposed to interfering millions of non-problem gamblers playing habits  and right to choose

And hey, where's the 'advocate' of the common, non-problem gambler and his rights here? 

Probably the same as what happened to those who watched what they eat and enjoyed a sugary treat now and again and the individual who doesn’t drink himself into a coma

Unfortunately it doesn’t have the same impact as the person who appears on a TV programme, sad music playing in the background and proceeding to lecture folk on the evils of the world.