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Cost of doing business in the U.K for gaming operators is going up

The United Kingdom’s Department for Digital, Culture, Media and Sport (DCMS) has issues a response to an industry consultation into the funding of the British Gambling Commission. Increases in licensing fees for operators and suppliers in Great Britain are now approved.

The consultation suggestion an uplift in licensing fees, including an increase of 55% to annual remote operating license fees starting October 1.

All new license applications will see cost rise by 60% under the proposal. Additional steps to simplify the fees system such as a removal of the annual fee discount for combined land-based and online licenses, were also included in the proposition.

Non-remote operating licenses will increase by 15%. However, the implementation of this increase will be delayed until 1 April 2022. This as a result of losses suffered by the land-based industry as a result of the Covid-19 pandemic.

The DCMS states that the government intends to proceed with implementing all of the proposals as outlined in the original consultation document. The original document will only see two slight amendments.

The U.K. Gambling Commission is pleased with the outcome of the consultation, stating that “we welcome this DCMS consultation response as it ensures much needed changes to our fee income that will enable us to continue to regulate effectively.”

The post Cost of doing business in the U.K for gaming operators is going up appeared first on iGaming.

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Author: Nitin