Latest News of Gambling Industry in UK, Uzbekistan, Cyprus, EGBA’s Code
The first pan-European Code of Conduct on responsible advertising for online gambling has been prepared. The UK National Lottery donates around £600 million to help victims of the pandemic, and the country’s parliament discusses the possibility to equate loot boxes with gambling. Cyprus is getting ready a self-exclusion platform for problem gamblers. People of Uzbekistan show an increased interest in betting during the pandemic.
Read more about all of it in our digest.
EGBA’s Code of Conduct on responsible advertising for online gambling
The European Gaming and Betting Association (EGBA) has prepared the first pan-European Code of Conduct on responsible advertising for online gambling. The document applies to all members of the EGBA, can be signed by online operators licensed in the EU, EEA, and UK, as well as other gambling organizations and specialized media.
Adherence to the Code has to be monitored and enforced by an independent third party, which has not been disclosed yet. Representatives of the EGBA state that the Code promotes high standards of protection for minors and socially responsible advertising.
UK National Lottery will allocate up to £600 million to fight against consequences of pandemic
The National Lottery announced its intention to provide up to £600 million to fight against consequences of the pandemic in the UK. Funds will be sent to organizations and projects in the fields of art, society and charity, education, heritage, environment, and sport.
Besides, the institution plans to support the initiatives intended to fight against solitude and isolation, improve physical and mental wellbeing, and help elderly people. Financing will be distributed in the next several months.
UK House of Lords spoke in favor of likening loot boxes to gambling
This June, the UK Parliament started to consider the issue of equating loot boxes with gambling and the introduction of relevant regulation. At the beginning of July, the House of Lords supported such measures and its representatives noted, “If something resembles and feels like gambling, it must be regulated like gambling.”
The Upper House of the UK Parliament also voiced the requirement to add loot boxes to gambling regulation guidelines. Besides, a corresponding petition was launched in the UK, which was already signed by 40,000 people. When the number of signatures reaches 100,000, it will be considered by the Parliament.
Cyprus plans to launch a self-exclusion platform for problem gamblers
Cyprus National Betting Authority (NBA) announced plans to set up a self-exclusion platform. It will allow problem gamblers to refuse to play and to exclude themselves from all local licensed betting services.
NBA requires all legal bookmakers to inform players about the existence of the platform and to refund money left on the accounts of self-excluded bettors within five days.
A rise in the demand for betting in Uzbekistan during the quarantine
According to the analytical investigation conducted by Spot.uz, people show a growing interest in bookmakers in Uzbekistan. The number of Yandex search queries for “bukmeker” skyrocketed, and 1xbet app for the first time ever entered the list of top 30 downloaded iOS apps in Uzbekistan. Users actively started to install the app in April and it moved 150+ positions higher in the ranking in three months.
On October 6-7, a major gambling exhibition Ukrainian Gaming Week 2020, including an industry conference, will take place at the International Exhibition Centre in Kyiv. Join the event and become a part of the reviving gambling market!