UK

The Betting and Gaming Council (BGC) has warned the government that unregulated black market gambling poses greater risks than perceived by British consumers.

The trade and standards body for UK gambling sounds its caution, following a new study published by microeconomics consultancy Frontier Economics. – titled: “The size and economic costs of black market gambling in Great Britain“

The study commissioned by the BGC is detailed as “the first major study on the black market since the publication of the previous Government’s White Paper on gambling reforms”.

UK gambling is recognised as a highly regulated sector, servicing 14 million adults (excluding the National Lottery) who gamble per month and generating £10.9bn in annual gross gambling yield (GGY).

Licensing duties see consumers protected by safer gambling rules, compliance monitoring, customer care interventions, responsible gambling tools, controls, and financial probity—overseen by the UK Gambling Commission (UKGC).

Andre..

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