UK and Malta gambling regulators warned operators not to make any mistakes during the coronavirus outbreak. The UK Gambling Commission gave a public warning to online gambling companies. The regulator noted how pandemic impacted the gambling industry.
The UKGC wants licensees to be mindful of the rising risks from online gambling because people are stuck in their homes. The UK regulator is drawing up its initial assessment of the online gambling industry’s situation.
The UKGC expects its licensees to uphold consumer protection, compliance with regulations, and responsible marketing. The regulator reminded the gambling operators that it would act right away if it detects irresponsible behavior. For instance, the UKGC is on a lookout for operators exploiting the pandemic for their marketing purposes.
UK and Malta Gambling Regulators
Based on online casino Korea sources, there’s increased activity in online poker, virtual sports, casino gaming, and slots. The UKGC warned that operators should not make customers sign up first before they can place their wagers.
Malta Gaming Authority also issued its warning Thursday about the social responsibility of gambling operators in the time of the coronavirus pandemic. The MGA noted that it is distressing to players. Although many people want to know where to play online casino games, operators should not exploit the situation.
The MGA warned that marketing campaigns containing references to coronavirus are a breach of gambling regulations. The Malta regulator is looking at marketing campaigns that encourage antisocial behaviors among players.
Other things that breach MGA’s regulations include suggestions that gambling can solve problems, is socially attractive, or a solution to financial issues. It is okay to offer casino tutorials. However, operators must ensure that they don’t break any rules and regulations of the country.
At present, UK-listed gambling firms had mixed share price results. Some firms dropped, such as William Hill and Flutter Entertainment. However, some companies gained, including GVC Holdings and 888 Holdings.