The UK Gambling Commission (UKGC) has proposed a number of new license conditions and codes of practice (LCCP). The LCCPs are outlined after consulting with other stakeholders from the gambling industry.
The new LCCPs aim at ‘raising standards for alternative dispute resolution (ADR), strengthening requirements on how licensees identify and interact with customers who may be at risk of or experiencing gambling harms, and improve the transparency of funding for research, prevention, and treatment.’
Talking about the changes which would come into effect towards the end of this year, UKGC Executive Director, Paul Hope said: “These changes have been designed to make gambling fairer and safer for consumers and we expect gambling firms to meet their responsibilities in these areas.”
The new regulations, which come into force on 1 January 2020, will ‘ensure that funds contributed by gambling businesses to meet the requirements of their license are targeted at delivering the National Strategy to Reduce Gambling Harms in Britain, by setting a list of bodies to which businesses can contribute.’
UKGC has been introducing several new measures to ensure higher standards of compliance in the gambling industry amidst rising gambling addiction.
Earlier last week, the UK Gambling Commission announced that it is reviewing the licenses of seven UK racecourse bookmakers after it was found that they allowed a 16-year-old to place a bet.
The Officers from the Royal Borough of Windsor and Maidenhead conducting Age Verification test at Royal Ascot confirmed that the seven racecourse bookmakers in question failed the tests.