15.8 C
London
Friday, September 18, 2020

Betting firms told to tighten measures to protect problem gamblers

Must read

Amal Clooney quits as UK envoy over Boris Johnson’s Brexit Bill

Amal Clooney has quit as Britain’s special envoy on media freedom in protest at the UK government’s “lamentable” decision to override the Brexit divorce...

Investec to slash 210 UK banking jobs

Investment banking giant Investec has confirmed plans to axe 210 jobs at its London headquarters after battling the “challenging economic backdrop”. The company said it...

Harvey Weinstein stripped of his CBE

Harvey Weinstein has been stripped of his CBE. The former movie mogul, 68, was granted an honorary CBE, for his contribution to the British film...

UK’s R value remains above 1 as Sage warns infections may be doubling every week

The reproduction number, or R value, of coronavirus transmission across the UK remains above 1. Data released on Friday by the Government Office for Science...

The gambling watchdog has told betting firms to tighten their measures to protect problem gamblers amid a surge in online gaming during the coronavirus lockdown.

The UK Gambling Commission said that improved measures are needed after new evidence revealed problem gamblers may be more vulnerable due to the lockdown.

It said new figures show that gambling through online poker and virtual sports increased by 38% and 40% respectively in March.

Meanwhile, gambling through online slot machines increased by 25% in the month when the lockdown was first introduced.

It also said that 64% of “more engaged gamblers” reported that they have increased the time or money spent on online gambling since the lockdown.

However, the volume of sports bets tumbled 31% in March as sporting fixtures came to a halt across the globe.

The UK Gambling Commission told gambling firms to carry out more stringent due diligence on their affordability checks for gamblers.

It also called for firms to prevent the reversal of withdrawals and to stop bonuses for users displaying indicators of harm.

Neil McArthur, chief executive of the UK Gambling Commission, said: “Operators must use the data they hold to protect their customers and now, more than ever, it’s vital that online operators really know their customers by monitoring how long they are playing for and understanding how financial uncertainty is impacting them and what they can afford to gamble with.

“To ensure operators do that, we are strengthening our guidance and expect operators to take account of that to prevent bonus offers or inducements being offered to customers who are showing any sign of harm.

“We are monitoring online operators closely and if we see irresponsible behaviour we will step in immediately, suspending licences if we need to.”

Last month, the Government told gambling bosses they must provide regular updates on how they are tackling problem gambling during the coronavirus crisis.

The Gambling Commission also announced that around £9 million taken from betting operators due to their regulatory failings will be used to provide help for problem gamblers during the Covid-19 crisis.

Nigel Huddleston, British Minister for Sports, Tourism and Heritage, said: “It is vital that people are protected from the threat of gambling-related harm and I welcome these latest steps from the Gambling Commission.

“We will continue to monitor the situation closely and will not hesitate to take further action if required.”

- Advertisement -

More articles

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

Amal Clooney quits as UK envoy over Boris Johnson’s Brexit Bill

Amal Clooney has quit as Britain’s special envoy on media freedom in protest at the UK government’s “lamentable” decision to override the Brexit divorce...

Investec to slash 210 UK banking jobs

Investment banking giant Investec has confirmed plans to axe 210 jobs at its London headquarters after battling the “challenging economic backdrop”. The company said it...

Harvey Weinstein stripped of his CBE

Harvey Weinstein has been stripped of his CBE. The former movie mogul, 68, was granted an honorary CBE, for his contribution to the British film...

UK’s R value remains above 1 as Sage warns infections may be doubling every week

The reproduction number, or R value, of coronavirus transmission across the UK remains above 1. Data released on Friday by the Government Office for Science...

India’s coronavirus cases surge by another 96,000 infections

India’s coronavirus cases have jumped by another 96,424 infections in the past 24 hours, showing little signs of slowing down. The health ministry raised the...
%d bloggers like this: