{"id":6615,"date":"2023-08-03T00:00:00","date_gmt":"2023-08-03T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/europe\/all-the-uks-banks-must-open-their-services-to-gaming-and-gambling-businesses-gbg-pushes\/"},"modified":"2023-08-03T00:00:00","modified_gmt":"2023-08-03T00:00:00","slug":"all-the-uks-banks-must-open-their-services-to-gaming-and-gambling-businesses-gbg-pushes","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/all-the-uks-banks-must-open-their-services-to-gaming-and-gambling-businesses-gbg-pushes\/","title":{"rendered":"All the UK\u2019s banks must open their services to gaming and gambling businesses, GBG pushes"},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Gambling Business Group, which is actively involved in the current consultation process of the gambling review white paper, is planning to raise the issue further within the DCMS, the government department that oversees gambling policy, as well as the department for business and trade.&rdquo;<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The influential trade body the Gambling Business Group, must also be applied across the business customer spectrum where the mainstream high street banks have repeatedly refused to provide banking facilities to gaming and gambling businesses &ndash; and have been doing so for many years.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/all-the-uks-banks-must-open-their-services-to-gaming-and-gambling-businesses-gbg-pushes2.jpg\" style=\"width:100%\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;<span style=\"font-family:Times New Roman,serif\"><span style=\"font-size:x-large\">Almost 25 million people in this country gamble regularly &ndash; and safely &ndash; as part of their leisure and entertainment experience. The banking system seems to think this pastime is immoral and illegal. It is neither and this financial blockade must be reversed.&rdquo;<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/all-the-uks-banks-must-open-their-services-to-gaming-and-gambling-businesses-gbg-pushes3.jpg\" style=\"width:100%\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The body is calling on the government and financial ombudsman to force British banks to provide banking services to all businesses in the industry from the smallest high street FEC to the largest multi-media gaming groups &ndash; all of whom have been legitimately licensed by the Gambling Commission.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Chief executive Peter Hannibal stated: <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>&ldquo;The so-called principle of many banks not to accept banking applications from gaming and gambling businesses is fast becoming a restriction on trade for a broad-based industry that drives somewhere in the region <\/em><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em><strong>of &pound;5-10 billion through the UK economy<\/strong><\/em><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>. The majority of high street banks have closed their doors on thousands of businesses in our sector &ndash; many citing ethical rather than economic reasons.&rdquo;<\/em><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cAlmost 25 million people in this country gamble regularly \u2013 and safely \u2013 as part of their leisure and entertainment experience. The banking system seems to think this pastime is immoral and illegal. \u201c<\/p>\n","protected":false},"author":1,"featured_media":6616,"menu_order":336,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[3835,3833,3834],"class_list":["post-6615","europe","type-europe","status-publish","format-standard","has-post-thumbnail","tag-chief","tag-gambling-business-group-uk","tag-peter-hannibal","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All the UK\u2019s banks must open their services to gaming and gambling businesses, GBG pushes - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/all-the-uks-banks-must-open-their-services-to-gaming-and-gambling-businesses-gbg-pushes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All the UK\u2019s banks must open their services to gaming and gambling businesses, GBG pushes - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"\u201cAlmost 25 million people in this country gamble regularly \u2013 and safely \u2013 as part of their leisure and entertainment experience. 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