UKGC denies black market existence claims

19 Jan 2021

ukgc-picUK online gambling operators' claims of a growing black market are being denied by the UKGC ahead of the government’s review of the country’s gambling law.

According to a report, about 200.000 British bettors spent approximately £1.4b on unauthorized online gambling sites that were internationally licensed, in the 12-month period between 2018 and 2019.

Furthermore, according to the same source, internationally licensed betting sites not authorized to operate in the UK, had 27 million visits from British players during this year; equal to 2.5% of all online betting visits. Those sites also had a 9% share of all UK gambling search results.

Michel Dugher, the CEO of the British Gaming Council, stated that these statistics should help guide the government’s review of the Gambling Act 2005; due to the fact that there is “the danger of unintentionally driving punters into the arms of the illegal, online black market – which offers none of the protections of the regulated sector.”

On the other hand, UK Gambling Commission (UKGC) CEO Neil McArthur, replied back on the existing claims, by saying that the report was “not consistent with the intelligence picture.”

The UKGC’s own evidence suggested that the industry’s warning of a booming online black market was being “exaggerated” by “consultants paid for by the industry.” The regulator was not persuaded by the BGC’s argument that “raising standards in the licensed market will prompt consumers to gamble with illegal operators.”

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS