Players have a chance to have their say
This week marks the beginning of the consultation phase of the UK Gambling Commission on the codes of practice and license conditions on remote gambling in preparation for the secondary regime of taxation and licensing next year. Interested parties are presented with an opportunity to submit suggestions and views.
There are high hopes that the Commission will enforce its regulations effectively, especially those that concern consumer protection.
In some jurisdictions for licensing Credibility has taken a series hit following a approach for enforcing regulations that was less than energetic on requirements like segregated accounts for players, resulting in them being short on money when operators were put to the wall, with names like Purple Lounge of Media Corp and Full Tilt Poker coming to mind immediately.
There are many other issues too that consumers might be willing to bring before the Commission?s attention like disclosure of ownership information, upfront payment, return-to-player percentages, overly one-sided T & Cs, misleading promotions, management decisions which are unappealable and arbitrary, holding back withdrawals and so on.
It has already been indicated by the Commission that it is very interested in protection of player funds and regulations governing online poker, in which its experience is relatively limited.