It’s official; BGO Bingo has done away with minimum wagering requirements on bonuses, a move that will go into effect beginning October 15th. The decision to do so follows recent changes to regulations from HMRC and the UK Gambling Commission, in addition to being a response to player feedback. Continuing in the same direction would mean a slew of hefty penalty fees.
Members should now expect bonuses to be in the form of real cash, or free spins that are free of wagering requirements. We assume more changes are coming, and that this is just the first step in a major transition period, not only for BGO, but for online bingo and casino sites across the board.
Wagering requirements were previously set at 2x on average, with slots and casino bonuses set at 50x.
According to the brand’s CMO, Allan Turner, "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," Turner added.
Source: "BGO announces the removal of wagering requirements on all bonus cash". September 18, 2018.
Members should now expect bonuses to be in the form of real cash, or free spins that are free of wagering requirements. We assume more changes are coming, and that this is just the first step in a major transition period, not only for BGO, but for online bingo and casino sites across the board.
Wagering requirements were previously set at 2x on average, with slots and casino bonuses set at 50x.
According to the brand’s CMO, Allan Turner, "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," Turner added.
Source: "BGO announces the removal of wagering requirements on all bonus cash". September 18, 2018.
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