This story was published more than 3 years ago.
Today the UK government will end up banning credit card transactions to place bets within the country, effective from April 14th.
The exact impact will not immediately be known, but without a doubt it will financially hit operators in the country. Stocks for betting groups were down sharply with the news breaking, with William Hill dropping 5.3% and Flutter Entertainment dipping 2.4%. The move is being made in an effort to protect gamblers, as numbers of gambling addicts in the country are a concern due to the availability of different bets.
Speaking about the issue UK Culture Minister Helen Whately noted: "In the past year we have introduced a wave of tougher measures. But there is more to do. We will be carrying out a review of the Gambling Act to ensure it is fit for the digital age and we will be launching a new nationwide addiction strategy in 2020."
We'll update readers as more details on the ban come out.
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Comments
I wonder if this is just credit cards or if it extends to debit cards as well. Anyone with insight?
sharpe
I'm not aware at all slim but I doubt they would ban the debit cards wagers as well...for me the point is that the players wouldn't be allowed to play on debt which makes a perfect sense to me and using your debit card isn't part of that at all...that's just my opinion.