by John Penrose
I recently announced changes to make gambling regulation fairer for British consumers and operators. In future, anyone offering gambling to British punters from anywhere in the world will have to be licensed. The old system left British consumers potentially unprotected when they gambled online, and created an unfair advantage for offshore gambling companies too. The new approach will plug these gaps meaning, for example, that we can make sure they’re preventing children from gambling online and that they’re informing UK regulators about suspicious betting patterns in sports betting. And it should reduce incentives for gambling firms to move jobs offshore, which could help economic growth prospects too.
John Penrose is Minister for Tourism and Heritage.