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U.K. Clamps Down on Overseas Gambling Operators

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May 8 (Bloomberg) -- Prime Minister David Cameron announced a bill to force anyone operating a gambling company in the U.K., whether based there or overseas, to hold a British license and inform regulators of suspicious patterns of wagers in a bid to tackle problem gaming.

Only remote gambling operators in the U.K. are currently required to hold a Gambling Commission license, while overseas operators are regulated in the jurisdiction in which they are based. The bill, announced today by Queen Elizabeth II at the state opening of Parliament in London, will regulate gaming at the point of consumption.

Under the measures, all operators selling or advertising in the British market will be required to hold a U.K. Gambling Commission license, the government said.

To contact the reporters on this story: Kitty Donaldson in London at kdonaldson1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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