It seems like, slowly but surely, the new taxing regulations from the UK Gambling Commission regulations are coming into effect, much to players’ delight. As you may know, Britain’s supreme gambling regulator is investigating terms and conditions that are clearly not in in favor of players – and wagering requirements are often just that.
As a result, the bingo division of bgo has announced that, beginning October 15th, they will be removing minimum wagering requirements on bonuses – from that point on, bonuses will be paid out in real cash or will consist of free spins with no wagering. This means it’s time to wave goodbye to the highly unpopular 50x wagering requirements for slot and casino game bonuses! This move is very much welcomed and has been in the making for some time now: most bingo and casino operators refused to listen to players’ complaints regarding the wagering requirements, but it’s a completely different thing when a country’s official gambling regulator threatens to fine you financially if you don’t do something about it.
Allan Turner, BGO Entertainment’s CEO, comments: “We’ve not taken this decision lightly. The recent changes to the regulatory environment in the UK means we are spending time with various parties, be it the UKGC, the CMA, ASA and then of course the players themselves. The bonus issue is something that is continually discussed and we are at a cross-roads where we need to make the right decision for both the company and the consumer. If we have evidence players find wagering conditions confusing or unfair, then that’s enough for us to take a decision. We have always run a safe, trusted and fair online casino and player enjoyment is and always will be our number one priority. Hopefully bgo can demonstrate to the industry that restrictive bonus wagering conditions are not the way to go and we can make them a thing of the past.”
Tweeksta
7 years ago
Super Hero
OMG!!! i luved playing at BGO. i luved playing bingo at BGO so i always redeemed the £5 bingo bonus every month even though most of the time i didnt meet wagering requirements i still had alot of fun at bgo.... i miss playing there boohoo :(
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desire4all
7 years ago
Jr. Member
From the player's point of view, this is a great news and it will sure to attract much more players to their site. I'm very interested to see how many operators will be employing this innovation and how long it will take.
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barebones
7 years ago
Super Hero
I read about them changing the bonus wagering from x amount to 0. I think it is a really wonderful change and it definitely will attract more players, without a doubt. I am however interested to see how this will work as there are usually some odd terms when bonuses are wager free. I would like to benefit from wager free...
I read about them changing the bonus wagering from x amount to 0. I think it is a really wonderful change and it definitely will attract more players, without a doubt. I am however interested to see how this will work as there are usually some odd terms when bonuses are wager free. I would like to benefit from wager free offers.
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Mil E Na
7 years ago
Full Member
This is great! 50x wagering for slot and casino bonuses were just too much!
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zackmf
7 years ago
Newbie
I get the feeling if this becomes the norm, all the "100% match + 50 free spins" will become something dreary "5% match or 10 free spins". I have seen some places offer like 10 to 15% match bonuses with 1x playthrough, which seems super easy and fair already. I feel this could be unfair to smaller casino operations when...
I get the feeling if this becomes the norm, all the "100% match + 50 free spins" will become something dreary "5% match or 10 free spins". I have seen some places offer like 10 to 15% match bonuses with 1x playthrough, which seems super easy and fair already. I feel this could be unfair to smaller casino operations when competing with larger bankrolled operations. Big casinos would be able to offer higher % no wr bonuses without taking a significant hit to their bottom line.
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NatSteph
7 years ago
Hero Member
Great article! It's interesting to see which operators will be employing this new wager-free environment following the recent changes to regulations. This is good news for bgo players.
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