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UK Gambling Commission CEO Neil McArthur revealed the consideration to cap the maximum allowed stake on online casino games to £2. The final decision on whether to limit maximum stake is expected till next August according to McArthrur when he addressed the Gambling-Related Harm All Party Parliamentary Group (APPG). View a top list of the best gambling sites in the UK.
Share prices fell from British operators in response to the news, with William Hill dropping by 7% to £1.81 and GVC Holdings falling by 7% to £8.66.
APPG last November report called for online stakes to be reduced and be in line with land-based fixed-odds betting terminals, which where cut to £2 in April 2019. A spokesperson for the Gambling Commission said: “We said last October we would be looking at online stake limits as part of our ongoing work to reduce the risks of gambling related harm.
This work is in addition to us focusing on VIP practices, advertising technology and game design. We will publish our assessment and next steps for online stakes and further protections later this year.”
