Tracking the Evolution of Online Casino Bonuses in the UK
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Online casinos used to offer bonuses for profitable profits. Now the industry is booming and there is more regulation. The problem gambling, lack of customer satisfaction and the booming growth of the market are reasons behind the recent changes.
The types of bonuses offered to UK players are constantly changing. The United Kingdom Gambling Commissions (UKGC) is starting to put pressure on the no deposit bonuses. Online casinos started to offer bonuses in the early days. Now they offer no deposits. Online casino bonuses are changing due to competition and regulatory interference.
The UK is a favourable place to do business in the online casinos. Several foreign companies saw a grand opening in UK and were quick to pounce. Organizations like Leo Vegas started buying up small UK-based casinos in an attempt to get a piece of the pie.
The UK has a long history of gambling and has been an incredibly lucrative market for the past few decades. It has recently become a model for gambling regulation the world over.
The UK Gambling Commission is responsible for overseeing and regulating all legal gambling activities in the United Kingdom. The Commission implemented the following regulations to fulfil their promise to the public. They required players to prove their age before being able to accept any bonuses or free play.
Tighter age verification measures required players to prove their age before being able to accept any bonuses or free play. Online casinos are obliged to clearly display all significant terms and wager conditions.
Higher taxes were imposed on online casinos operating in the UK. Many operators left the market. Wager-free casinos, like PlayOJO, Trada and BGO, started popping up. For a time, no deposit/no wager bonuses made an appearance but were quickly shut down due to possible abuse.
The legal actions have afforded players fewer options, fewer casinos and smaller bonuses. Online casino operators are working overtime to keep new players’ business. You should always do your homework before signing up to play to get the best online casino bonuses you can find.
