EXPERTS ONLINE Gambling On Credit Cards To Be Banned 3 years ago Samuel Post Views: 1,305 People are to be banned from using credit cards to place bets in an attempt to curb problem gambling, the Gambling Commission in Britain has disclosed. The ban, which starts on 14 April, comes after reviews of the industry by the commission and the government. A total of 24 million adults in Britain gamble, with 10.5 million of those doing so online. Separate commission research shows that 22% of online gamblers using credit cards are classed as problem gamblers. 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.” Culture Minister Helen Whately said: “Whilst millions gamble responsibly, I have also met people whose lives have been turned upside down by gambling addiction. There is clear evidence of harm from consumers betting with money they do not have, so it is absolutely right that we act decisively to protect them. We will not hesitate to take any further action necessary to protect people from gambling harm.” The ban will apply to all online and offline gambling products except lotteries that are run for good causes. These lotteries will have to provide a significant layer of additional protection to vulnerable people. In addition, all online gambling operators will have to participate in the Gamstop self-exclusion scheme and offer it to all customers from 31 March. Source: modernghana.com About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: card payment, credit card, gambling online Continue Reading Previous Eastern Cape MEC wants gambling fully legalized in South AfricaNext Don’t gamble with your and family’s health and wealth More Stories EXPERTS HOT NEWS 5 key challenges of doing business in Africa 16 hours ago Samuel GAMES ONLINE Pragmatic Play and slot Black Bull 16 hours ago Iwo Bulski ONLINE WORLD NEWS Slotegrator will take part in the Sigma Balkans & CIS Summit 3 days ago Iwo Bulski GHANA ONLINE Kenya and Ghana are front-lining the global mobile money market 4 days ago Samuel EXPERTS SOUTH AFRICA BMM South Africa gets licensed to provide compliance testing services in Tanzania 5 days ago Iwo Bulski EXPERTS WORLD NEWS WhatsApp allows people to sneak out of group chats 5 days ago Samuel EXPERTS SOUTH AFRICA GLI Africa expands service offering 5 days ago Samuel ONLINE UGANDA The Contextual Analysis of Social Media in Uganda 5 days ago Szarlot EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 6 days ago Szarlot ONLINE WORLD NEWS AstroPay Seeks to Bolster Growth with Affiliate Program 6 days ago Samuel EXPERTS WORLD NEWS Answers to the iGaming industry’s most pressing questions 7 days ago Samuel EXPERTS SOUTH AFRICA Illegal slots seized, destroyed in raids 7 days ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.