Often considered the largest in the world, the UK online casino market has more than its size to offer. Bring a record number of players and profits over the past two years. While it was no different from any previous year, the previous year was like no other. With the lockdown of the world, people have had to find new forms of entertainment. As a result, the UK market has seen a huge increase in the number of players. Proving and strengthening the role of the UK gaming industry worldwide. Establish standards for safety regulations and player protection.
So why is the UK online casino market considered the safest online? Having a government-run regulatory body is the first factor. This means that every casino or betting service follows some sort of rules. With many rules just there to protect players, it gives players a sense of security online. Payment methods are another way to protect the market. Therefore, with many payment methods used in many other industries in UK, they are considered to be safe. With these 2 factors combined they lead to an entertainment industry which is one of the safest to gamble on.
Newer online casinos are considered to be the safest. Because they have to meet the requirement before getting a permit, they are not trying to get around the problem. A fine example of a UK secure online casino is Casimboo Casino. Although they haven’t been in the business for a long time, they make a name for themselves by having an ethic of trust in their brand.
The relationship between an online casino and the regulator
The duty to protect the online market comes down to a partnership. This partnership is between the online casino and the regulator. For the UK market, the regulator is the Gambling Commission. It is an independent government organization that not only sets the rules that casinos must follow, but also enforces them. As a result, the regulations they put in place are laws that the casino must follow. You may be wondering why there is a need for rules? However, we have all heard the horror stories of misbehaving online casinos. Therefore, the rules are there to protect not only the players, but also the public and even the casino.
This all sounds good, however, the Gambling Commission has a repressive side to it. If their rules are not followed, it is their job to investigate. Leaving no stone unturned, they are a mainstay of the casino industry and will always tackle the problem. It should also be mentioned that when they are involved, their word is final. If they speak out on a subject, it must be followed. The result of the investigation is also like this and is a final decision. They will fine the casino for breaking the rules.
However, the fines imposed are not light, with many reaching several millions. Although there is the threat of a hefty fine, some online casinos still do their best to bend the rules as much as possible. This is why there is a constant need for regulation of the industry.
What happens when a casino goes rogue?
There are many rules and regulations in place to ensure the safety of players when playing at an online casino. Some cases slip through the net. Recently reports have shown an example of this and the authors were the famous Betfred Casino. Although they have a huge reputation in the UK, stories like this have a major impact on the industry. This story is the kind of news that really puts the online casino market in a bad light, especially when it comes to a trusted name that doesn’t play by the rules. This story went beyond the Gambling Commission and ended up in the High Court of the United Kingdom.
In 2018, a British player took home over £ 1.7million, with Betfred congratulating him on the victory. With the funds confirmed in his account, the player contacted his bank to get an overdraft of £ 2,500 to celebrate with his family. Days later, when he contacted Betfred to make the life-changing withdrawal, he was further praised for being a millionaire by the casino. However, it had to be the end of the joys for this player. He said he then received a phone call from the CEO of the company telling him he would not receive his money. As a result, stating that the game was a bug and had it badly paid for. Feeling his dream taken from him, he refused a £ 60,000 “goodwill” gesture.
What happened next ?
With the player feeling he had been treated badly by the online casino giant, he decided to take action and take the company to court. This has already been done by many people but failed. As a result, it became the fact that the little guy doesn’t win. However, this time it’s different. Having filed a claim for over £ 2million which also includes interest the money is said to have earned among other things. He also mentioned how much his health suffered during the time, citing that he wished he hadn’t won at all. With the online casino adamant that it was not entitled to the funds, it seemed like the start of a war.
However, setting a precedent for the industry, the player won the lawsuit. The ruling judge claimed that while their terms and conditions included the gambling issue, they were not fair. Also stating that the terms they were trying to withhold payment had nothing to do with the case. This has hit the company hard and will seriously undermine its respect and integrity in the marketplace. Meaning the player received the sum of £ 2million after the affair. With the player saying that the ordered champagne can finally come out of the ice.