UK Government Outlines Gambling Reforms to Protect Vulnerable Customers
27 Abril 2023 - 9:04AM
Dow Jones News
By Ian Walker
The U.K. government on Thursday set out proposals for gambling
reforms designed to protect vulnerable customers.
As part of its plan, the U.K. government's Department for
Culture, Media and Sports will force companies to step up their
checks on when losses are likely to be unaffordable and harmful for
gambling customers.
It also plans to bring online slots games more in line with
brick-and-mortar equivalents with a stake limit on online slots of
between 2 and 15 pounds($2.49-$18.70), subject to consultation.
Gambling-and-betting company Entain PLC said it welcomes the
review and has already implemented many of the proposals.
"As a global and diversified business that operates in over 40
territories around the world, all of which are regulated or
regulating, we are firmly in favor of regulation that preserves the
market for the vast majority of customers who enjoy recreational
betting and gaming, whilst also ensuring appropriate protection to
all players," Entain Chief Executive Jette Nygaard-Andersen
said.
Flutter Entertainment PLC said it noted the review and was
assessing its contents, and that it will update the market once
this has completed.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 27, 2023 07:49 ET (11:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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