Online Gambling Uk News
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- Online Gambling Uk News Today
The gambling industry in the UK has witnessed huge transformations in the last 20 years. New research provided by New Casinos UK found that new casino sites have witnessed a lot of shifts and many new brands have entered the scene in acquisitions, mergers, and other things. However, it’s actually the impact of technology that has fueled the growth witnessed in online gambling in the UK.
Online Gambling Uk Newspapers
Today, the gambling industry is worth in excess of £14 billion, and 37% of that comes from the remote gambling sector, i.e. Online casinos, bingo sites, and other betting websites. There are dozens of online casino brands, so players can take their pick. Casino-greatbritain.com is part of Casino Nation, a global gaming and gambling network consisting of online casinos, igaming portals, news sites, video platforms, vlogs & blogs. The software and underlying technology of this website are provided by the company Vegassoft.
UK - The Betting and Gaming Council has today stated that its casino and betting shop members that it represents, have voluntarily offered to introduce fresh Covid-19 measures and restrictions.
According to the UK Gambling Commission (UKGC), The National Lottery and brick and mortar casinos were overtaken by online gambling in 2019. The UK casino market reflects this development well, as more people are now playing online.
In the article, we tried to highlight the major technologies propelling the growth witnessed in the online gambling industry.
Data Science
Big data used to be a buzz phrase in the past, but that’s no longer the case. Nowadays, large volumes of data are generated by casinos, and through data science, this data is easily interpreted and its power leveraged on. Data scientists and other specialists in the data management field are now employed by the biggest casino operators, and they also employ the most advanced data software to get the best data. By relying on the benefits of data, present-day operators are able to offer customized or personalized overall user experience to the account holders.
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The Gambling Commission has today announced new rules which online operators must follow to make gambling safer and fairer. The new rules, which follow an open consultation, will ensure operators verify customers’ age and identity details faster which will benefit consumers. Online gambling is legal and regulated in the country by the Gambling Commission, which was formed by the Gambling Act of 2005. Online poker, sports betting, casino games, bingo, and lottery-style games all fall under the purview of the Gambling Commission. As per the data published by OfCom (The Office of Communications, United Kingdom) in.
Artificial Intelligence (AI)
One of the biggest trends in the tech world that works across many industries is artificial intelligence. Operators employ AI solutions like chatbots to boost customer service delivery in the gambling industry. Data collection and analysis is also achieved through AI in the bid to deliver accurate product personalization and customization for players.
Through AI, user engagement is boosted with the help of quality automated interactions. Another benefit of AI is that it helps to fish out problem players and also to ensure that responsible gambling prevails. In the entire online gambling industry, this development stands as one of the best.
Cloud Computing
As many people move to online gambling, the demand for seamless playing experiences increases. Clients seek more personalized or customized experiences. Through cloud technology, improved performance and scalability is achieved, and these enhance security, data analytics, and other capabilities. Through the cloud, these platforms also meet the very strict data management regulations imposed on them by the regulatory bodies.
Blockchain Cryptocurrencies
For a very long time, the online gambling landscape had the problem of low payments and the issue of safety of payments. However, the use of blockchain technology to authenticate cryptocurrency transactions has made it a seamless process, with more layers of security added to the entire process for the platforms that accept it.
The popularity of cryptocurrency casinos has soared, and through this, banking has become more efficient, more secure, and faster. Through these crypto coins, anonymous payments can be achieved, and they’re cheaper than payments with other methods. For those regions where there are no locally licensed casino platforms because of laws against online gambling, locals can easily access their favourite games through the cryptocurrencies.
Augmented Reality and Virtual Reality (AR and VR)
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These are the two most trending technologies in the world of gaming. AR and VR casino games are now being released by gaming developers and they deliver a more realistic, interactive, immersive, and authentic gaming experience. Through the immersive gaming experience, customers get more satisfaction.
As the income-earning population is made of more millennials, the fortunes of the gaming industry are now being revived by VR and AR, which are mostly preferred by people of this age. These VR headsets and other hardware is now commonly available, and through this, interest in the new technology is increasing.
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Live Dealer Games
Players that want to enjoy more authentic and realistic gaming experiences are in love with online live dealer games. This system presents them with a real human croupier on the other side of the screen and they also get to enjoy the live chat feature, where they can interact with the dealer and other players. The thrill of the online casinos is taken a notch higher by live dealer blackjack, poker, baccarat, and other games.
Final Thoughts
The tremendous growth witnessed by the online gambling industry in not just the UK, but all over the world, is being propelled by new technology. When you’re searching for the best place to enjoy games, make sure you take these innovative features into consideration. When you choose platforms that offer them, you’ll enjoy a better experience. These are the trends that are defining the boom witnessed by the industry.
Online Gambling Uk News Today
To a large extent, the success of the casino and gambling sector in the UK is due to a clear, precise and easy-to-implement regulatory framework.
This legal formalization has attracted many investors, both national and foreign, who see in this sector an interesting potential for generating income.
The UK government, aware of the importance of recognizing, formalizing and regularizing the gambling sector, developed a strict but clear legal framework, which allows interested companies to develop the activity with total legal certainty, and players to participate calmly, knowing who are attached to the laws. However, online casinos are yet to be fully regulated, including poker rules, slots rules and so on.
There is something unique about the online casino industry in the UK. Namely a rule made by the British Gaming Commission. These rules aim to make online gambling practices safer for players, no matter what age range they are. Every operator in the UK must confirm the age and identity of the customer in the less than 72 hours previously permitted. This rule basically limits or minimizes the risk of children’s gambling and helps overcome gambling addiction that occurs in society.
With this rule, every operator must verify customer details before he / she deposits funds (to play). This rule also prevents unverified customers from getting free bonuses.
These rules are packaged in a system called GamStop. This system actually has a good purpose, which is to help every troubled gamer. Troubled here means that maybe they are trapped in a gambling addiction that has the potential to “ruin their life”. But of course there is always a middle ground. Players can avoid restrictions by playing at casinos not on GamStop.
Online Gambling Uk News Today
At the end of 2018, the three online casinos were fined around £ 14 million, resulting in one of them being unable to operate in the UK anymore. The fines arose after the Gambling Commission found that they had been negligent in carrying out detailed checks on their customers. The same commission has also reported that there was unfair treatment in relation to requests for additional identifying information when customers attempted to withdraw their prizes. This form of additional identity requests appears to lead to a breach of privacy. There are some details that should not be part of a fair identity, which an online casino company is pulling from its customers.
The relevant regulator believes that the rules set by GamStop can help each operator to detect prohibited activities that may be carried out by customers. There are two sides that benefit from this rule, namely online casino operators can protect themselves from the criminal activities of customers while on the customer side, the risk of addiction, especially those that occur in children and adolescents, can be minimized. In the end GamStop, despite all its shortcomings, strives to create a fair gambling situation, helping every player to earn their income without undue delay.