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Social Market Foundation Proposes £100-a-month Spending Cap on Online Gambling

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Social Market Foundation Proposes £100-a-month Spending Cap on Online Gambling
Social Market Foundation Proposes £100-a-month Spending Cap on Online GamblingReading Time: 3 minutes

 

The Social Market Foundation (SMF) has released a new report into online gambling, with the main recommendation being that a £100-a-month spending cap should be implemented.

SMF, a cross-party think-tank, also calls for a sweeping overhaul of the way gambling firms are taxed, to put financial pressure on companies registered abroad to bring their operations to Britain.

SMF proposed a comprehensive new framework of regulation and oversight for a gambling sector increasingly dominated by online playing. Its report comes ahead of a Government review of the 2005 Gambling Act, which ministers have said is not suitable for an era of online gambling.

The report recommends new “affordability checks” to protect gamblers from serious financial harm. It proposes a “soft cap” on spending where anyone who wanted to spend more than £23 a week on gambling products would have to prove they could afford to lose the money without hardship.

The report also said that the stake limits on online slot games proposed by regulators should be set between £1 and £5. Non-slot online gambling games should face new restrictions on the way they are designed rather than financial limits, the SMF said.

The report also proposes a complete reform of the way gambling operators are taxed, to put greater burdens on firms based offshore in Gibraltar or the Isle of Man, and reduce the tax faced by companies that bring their operations “onshore.”

The smaller a firm’s footprint, the higher the levels of Remote Gaming Duty and Betting Duty they should face, the SMF said. The proposed system would reward companies that bring their operations to Britain, while increasing the costs of operating “offshore,” the report said.

“Gambling taxation should be redesigned around a system of incentives which reflect a company’s level of onshore presence. This means that operators could still decide to base their headquarters in locations like Gibraltar, the Isle of Man, or Alderney, but that decision would carry significant tax implications,” SMF said.

The report also calls for a comprehensive shake-up of Whitehall and the public bodies overseeing gambling and gamblers. The structures created by the 2005 Gambling Act are “no longer fit for purpose,” SMF said.

The Department for Digital, Culture, Media and Sport should no longer have sole responsibility for gambling policy, being replaced by a new cross-government Gambling Quartet, SMF said.

The lead author of the report is Dr. James Noyes, a leading authority on gambling policy and a former adviser to Tom Watson MP.

James Noyes said:

“For too long, gambling operators have talked about the need to protect their customers, but have not worked together in order to make affordability checks a reality. A fixed cap that applies across operators is the only way that consumers can be protected from harmful spend. Our proposed threshold sets the bar low enough to protect everyone, including those on low income, but is high enough to reflect the vast majority of gambling activity among the general population. Gamblers should be free to spend more than this threshold – but only after they show that their gambling is neither unaffordable nor harmful.”

On tax:

“We need to see an end to the problem of offshore gambling tax avoidance. Gambling taxation should be redesigned around a system of incentives which reflect a company’s level of onshore presence. This means that operators could still decide to base their headquarters in locations like Gibraltar, the Isle of Man, or Alderney, but that decision would carry significant tax implications. The message to online gambling operators should be clear: if you want to benefit from the British market, then make a commitment to being based in Britain.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Social Market Foundation Proposes £100-a-month Spending Cap on Online Gambling

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Evoplay celebrates the holidays with fast-paced fun in Uncrossable Rush X-mas

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Evoplay, the award-winning game development studio, has given its hit title Uncrossable Rush a festive makeover with the release of Uncrossable Rush Xmas.

The new edition reintroduces Eggwina, the fearless chicken from the original game, for another wild road-crossing adventure, this time through a snowy landscape filled with flashing lights, holiday traffic, and plenty of chaos.

Based on the mechanics of CrossyRun under the licence from SlotСatalog, Uncrossable Rush Xmas challenges players to guide Eggwina across 32 unpredictable lanes, dodging cars and trucks to reach the other side.

Players can cash out their winnings at any moment or take another risky move to test their luck for bigger rewards.

Designed to meet the excitement of the year’s most active period, the game now features an expanded multiplier distribution across more tracks, creating a longer progression curve and stronger momentum throughout each run.

These improvements heighten engagement and make every round more rewarding while preserving everything players loved about the original release.

Four difficulty levels allow players to choose their pace, ranging from a gentle holiday stroll to full-speed festive mayhem. The higher the setting, the faster the traffic flows and the larger the starting multiplier increases.

No two rounds are alike, with randomised traffic patterns ensuring each run remains fresh and unpredictable.

For those who like to plan ahead, the game’s autoplay mode offers complete control, allowing players to set bet amounts, behaviour after wins or losses, and even stop conditions for profit or loss.

Ivan Kravchuk, CEO at Evoplay, said: Uncrossable Rush Xmas brings back the fun and intensity of the original while adding a joyful twist. We’ve enhanced progression and engagement to create a more dynamic experience that captures the excitement of the holidays, giving players plenty of reasons to jump in and enjoy the rush.”

“With its playful design, fast-paced gameplay, and spirit of adventure, Uncrossable Rush X-mas delivers an experience that perfectly fits the energy and excitement of the most exciting time of the year.”

The post Evoplay celebrates the holidays with fast-paced fun in Uncrossable Rush X-mas appeared first on European Gaming Industry News.

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Explore the Cursed Diary in Just Slots’ New Game, Book of Abyss

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Malta-based iGaming developer, Just Slots, has announced the release of its latest slot title, Book of Abyss. In this dark fantasy adventure, players descend into the realm of Abyss, a fallen queen demoness bound to a cursed diary. Every spin of the reels echoes Abyss’s torment, and when the mystical Book feature opens, players peer into forbidden chapters of her soul. Each expanded page reveals fragments of Abyss’s desire, vengeance and eternal struggle, making Book of Abyss more than just a slot, but a ritualistic journey into passion and damnation.

While built on the familiar “Book” mechanics that fans love, Book of Abyss pushes the boundaries further with powerful visuals and narratives, and a huge 150,000x max win. Free spins plunge players into Abyss’s blazing underworld, where expanding symbols and high multipliers turn every spin into a battle for domination. The game also offers Bonus Buy and the popular HotSpin feature, giving players extra ways to ignite the action. In short, Book of Abyss feels comfortably familiar but boldly fresh, blending the beloved style of Book of Arcane with a darker and more seductive twist, and pushing the max win potential even higher.

Inspired by gothic fantasy and occult myth, Abyss portrays a dangerous yet captivating fallen queen. Her design is painted in a palette of cold emerald shadows and scorching inferno reds to reflect her dual nature, restraint on the page versus wrath unleashed. Book of Abyss expands creative horizons with its blend of myth, sensuality and suspense. Just Slots has crafted it with its audience in mind, knowing players crave immersive and narrative driven slots with frequent bonuses. The game’s mystical theme, striking aesthetic and rich storytelling diversifies the company’s portfolio and continues its trend of reinventing bold new concepts, from the candy coated charm of Sugar Heaven to the mystical allure of Book of Arcane.

Commenting on the release, Christine Parkhill, Chief Commercial Officer at Just Slots, said, “Book of Abyss is an epic adventure. We’ve taken the successful formula of our ‘Book’ game and plunged it into a deeper and darker territory. Players can expect the high-volatility features they love including expanding symbols, free spins, multipliers and a massive 150,000x max win, wrapped in a haunting gothic tale of desire and vengeance. Every page of Abyss’s cursed diary that players unlock immerses them further into her forbidden world. Book of Abyss is a ritualistic journey through the soul of a demoness and we can’t wait for players to explore its secrets page by page.”

Book of Abyss goes live today and will be available on leading sites such as Gamdom.com, Biggg.com , Stake.com , LuckyDreams.com  and more. A demo is also available on Just Slots’ website, inviting players to get a sense of Abyss’s realm before embarking on the full experience. To keep the fire of Abyss’s story burning long after launch, Just Slots plans operator-led tournaments, instant prize drops and streamer collaborations, offering extra excitement beyond the core gameplay.

The post Explore the Cursed Diary in Just Slots’ New Game, Book of Abyss appeared first on European Gaming Industry News.

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Rings of Prosperity channels divine favour

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Play’n GO presents Rings of Prosperity, a slot rooted in ancient mysticism and the power of celestial guidance.

Play’n GO’s Rings of Prosperity draws on the influence of Eastern mythology, placing players under the protection of the Dragon God – a symbol of strength and abundance. Following in the footsteps of narrative-led titles such as Temple of Prosperity, this 5-reel slot embraces a thematic focus on balance and transformation, expressed through sacred rings, golden coins, and the celestial influence of a Prosperity Wheel.

With its strong visual identity and symbolic layering, Rings of Prosperity creates a holistic player experience that’s both visually rich and narratively focused.

The heart of the game lies in its interconnected symbols and celestial mechanisms. RINGS – in green, red, and purple – appear and evolve through the divine will of the Dragon God, ultimately transforming into golden coins. These coins are more than visual rewards – they symbolise earned blessings, tying directly into the theme of spiritual wealth.

At pivotal moments, the Prosperity Wheel spins into view, acting as a divine arbiter. This design choice elevates the gameplay by anchoring key moments in the will of a higher force, rather than random chance – in line with Play’n GO’s focus on storytelling-led slots that prioritise immersion and meaning.

Rings of Prosperity shares conceptual DNA with titles such as Temple of Prosperity and Fortune Rewind, continuing Play’n GO’s exploration of time, wealth, and divine influence. While Temple of Prosperity invokes nature spirits and ritualistic iconography, Rings of Prosperity focuses on celestial transformation – using colour, motion, and myth to communicate progress and reward.

Magnus Wallentin, Games Ambassador at Play’n GO said:“Our goal with Rings of Prosperity was to build a symbolic system players could intuitively connect with. Every visual element feeds into the core narrative.”

With its elegant symbolism and visual clarity, Rings of Prosperity rewards players not just with gameplay, but meaning.

The post Rings of Prosperity channels divine favour appeared first on European Gaming Industry News.

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