April’s Gambling News Roundup

On the 14th April 2020 the government introduced a ban on all bets being placed via credit cards, this also extends to customers using their credit cards via wallets such as skrill or neteller.  This comes on the back of 2019, where bookies FOBT seen maximum bets slashed from £100 to just £2.  Neil McArthur, Gambling Commission chief executive, said: “Credit card gambling can lead to significant financial harm. The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have.  “We also know that there are examples of consumers who have accumulated tens of thousands of pounds of debt through gambling because of credit card availability.  “There is also evidence that the fees charged by credit cards can exacerbate the situation because the consumer can try to chase losses to a greater extent.”

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The Global pandemic continues to shake the world in 2020, with the lockdown being in place for the whole of April in the UK.  The gambling industry in particular has been hit hard.  Bookies, casinos, bingo halls, horse racing, dog tracks have all been shut down.  Sporting events have all been stopped, major events have either been cancelled or postponed, such as; Wimbledon, European football championship and the olympic games.  Over the next few months it will be interesting to see how the gambling industry copes with this unprecedented set of circumstances.

Online poker has had a boom in April 2020.  Yaniv Sherman,  Head of Commercial Development at 888 Holdings “As we look at April 2020 numbers compared to April 2019 and January 2020, we see over 60% uptake in daily poker active players on our U.S. poker platform, which includes our Interstate Poker Network – the first regulated multistate poker network, we are seeing similar trends on our global poker network, a testament of a recreational destination that people are enjoying while sheltering in place.”  Other major online card room’s such as PartyPoker and Americas Cardroom have also seen sharp growth in April.  

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