Wednesday, 15 April 2020

Videoslots Casino Makes Loss Limits Mandatory For All UK Players

Videoslots Loss Requirements

Videoslots online casino has made its loss limits mandatory for all UK players.

The popular online casino this week has made its loss limits mandatory for all UK players amid the current UK COVID-19 lockdown. The casino site hopes that the measures will help protect players during the lockdown and prevent users from overspending and developing gambling addictions.

With the loss limits, UK players who sign in or register this week will now be required to set their first monthly loss limit. During the first week, players will be contacted by the Videoslots customer support team who will provide advice and after the first seven days, users will be able to adjust their loss limit.

Videoslots is one of the many online casinos that has implemented these measures as well as deposit limits too, although the latter is currently not mandatory for UK players. However, both measures were implemented at the online casino to help protect players and the site has been praised significantly for them.

Alexander Stevendahl, the CEO at Videoslots Casino, said in a statement: “Playing on Videoslots should be a safe and enjoyable form of entertainment and that’s why we’ve made loss limits mandatory. Prompted by the pandemic while understanding it’s the right thing to do as the industry moves forward regardless, this addition is another way to further protect our players, especially during these tough times. We expect other operators to follow suit.”

Protecting Plays During Lockdown

The move comes after self-exclusion service Gamstop urged any gamblers worried about developing an addition to self-exclude themselves from online casinos. The gambling service recently reported that they were experiencing a spike in the number of calls from people looking to end their ban even though their self-exclusion period hadn’t yet ended.

Meanwhile, the Gambling Related Harm All Party Parliamentary Group has claimed that the current lockdown could lead to an increased number of problem gamblers as more people turn towards online casinos and virtual sports betting as a means to pass the time.

The UK Gambling Commission, which is set to implement new safety and security measures, this week enforced its ban on credit card payments, preventing all gamblers in the UK from using their credit cards to fund online casino accounts. The ban also prevents users from using e-wallets funded by credit cards.

Neil McArthur, Chief Executive of the Commission, hopes that the measures will help players during the current pandemic and may prevent users from experience gambling-related harm or from developing dangerous addictions to the activity.