Gaming Lords reject amendment to block illegal gaming transactions in UK

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March 18th, 2014

The UK Gambling Commission has reached agreement with three major payment systems to work together to block financial transactions involving unlicensed gaming operators, while lawmakers narrowly rejected a proposed amendment which would have provided the Commission with discretionary powers to block financial transactions across all payment mechanisms.
 

The question of payment blocking as a measure against unlicensed operators was discussed Tuesday in the House of Lords during the Report stage of the Gambling (Licensing and Advertising) Bill.

Baroness Howe of Idlicote, who introduced the amendment together with Lord Stevenson, said that it aimed to prevent funds being transferred to illegal operators, “thereby creating a disincentive both to the company to operate illegally and to UK gamblers, who will find it much easier to go to the many licensed operators available.”

 http://www.gamingintelligence.com/legal/24783-lords-reject-amendment-to-block-illegal-gaming-transactions-in-uk

05 Mar 14

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