Players risk the financial consequences of online gambling with unreliable and untrustworthy sites. Only 55% of sites are operating with licenses issued from 'safe' jurisdictions.
London, UK, December 6, 2011 - The online gambling industry continues to expand with an estimated 5 million new player accounts being created each year, despite the risks that player's face from unreliable sites.
Many regions such as Alderney, Malta and Gibraltar were approved for addition to the UK Gambling Commission's 'whitelist'. The purpose of the whitelist is to approve only the jurisdictions that have sufficient regulation in place to ensure player protection. Licenses from other regions are considered potentially unsafe for reasons such as lack of appropriate regulation, and not providing satisfactory mediation channels for resolving player complaints.
Only gambling sites with licenses issued by the whitelisted jurisdictions are allowed to advertise...