Who is the next owner of GamStop?

bmmagazine.co.uk - Is Streaming the Next Big Thing for Online Gambling

The UK is one of the leading online gambling markets in the world. There are tons of online casinos and betting websites where people who have attained 18 years and above can register to play a wide range of real money games or bet on their favourite sports.

In as much as it a very profitable business, many people have suffered from gambling addiction and related problems. In the past years, the number of people affected by gambling has increased because of the economic crisis and an increase in the number of online gambling platforms. This has led to the emergence of different non-profit organizations which help people with gambling problems.

GamStop is one of the most renowned not-for-profit entity that allows you to control your gambling activities. It is an entirely free service available to people residing in Great Britain and Northern Ireland. Once you have registered on the site, you can choose to be excluded from all gambling platforms for a period of 6 months, 1 year or 5 years.

This article will help you to learn about the latest updates in GamStop, including the next owner and more.

RGA Ends Ownership of GamStop

After three years of waiting, the UK’s leading online gambling self-exclusion system is finally independent. The organization transferred its ownership from the Remote Gambling Association (RGA) and is now run and managed by its new directors.

GamStop is now owned by the National Online Self-Exclusion Scheme (NOSES), which is led by Mike Dixon, who is the non-executive director. He said that there are a lot of British casinos that don’t use Gamstop scheme left one the gambling market so many things still need to be improved. Dixon has also been the chief executive of addiction and mental health of the organization and also the chief executive of Citizens Advice and director of Victim Support. His rich experience will help the operational team to become more independent and to solve current problems.

Other board members running the GamStop are Jenny Watson, Dr Jo Watts, Kevin Beerling and Roger Parkes. According to the organization’s chair, Jenny Watson, the new changes are aimed at strengthening their independence.

GamStop Becomes Independent

As aforementioned, GamStop’s independence came after the Remote Gambling Association (RGA) withdrew its controlling interest. The RGA has been the sole owner of the National Online Self-Exclusion Scheme Limited (NOSES). However, it has been discovered that players could easily bypass the system by changing the details they used when registering. As such, new changes are needed for the online self-exclusion system to improve its functionality.

GamStop Improvements Needed to Become Mandatory

According to the GB (Gambling Commission), the online self-exclusion system GamStop, some improvements are required before it’s a must for the licensees to merge with the system. Even though a significant number of UK based licensees have already joined the system, more changes are needed in the registration process before it becomes a license condition.

The GamStop, as well as Gamban, was designed by the Remote Gambling Association to block all registered members from accessing platforms that are integrated on the system. The new changes are intended to make it a mandatory for all Gambling Commission licensees to partner with the solution.

To curb the problem of players bypassing the system to resume gambling, GamStop introduced advanced ID verification requirements. All online casino operators verify the age of customers before they are allowed to use the no deposit bonuses like free spins or deposit funds to their accounts. This is different from the previous rule that allowed casinos to verify accounts after 72 hours.

Additionally, the system has promised to make withdrawals quicker. According to the UK Gambling Commission, many complaints they receive from players are about delayed withdrawals from casinos. This is caused by the KYC requirements which most players are not aware of. Online casino operators are expected to be clearer about these withdrawal terms and conditions to avoid any disputes in the future.