GC Reaffirms Commitment on Safer Gambling, Reducing Gambling Harm
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GC Reaffirms Commitment on Safer Gambling, Reducing Gabbling Harm. Sarah Gardner, deputy chief executive officer of the G gambling commission, spoke about the market at the 2021 Bacta Annual Convention. She acknowledged that the global COVID-19 pandemic in the last 19 months brought difficulties for everyone.
GC is committed to making gambling fairer, safer and crime-free. Since 2017/18, more than $133 million (£100 million) penalties have been introduced and 10 licenses revoked. Some operators have voluntarily surrendered their licenses. The Commission aims to raise the standards for all consumers and collaborate with the industry.
Collaboration between the industry and GC has resulted in a reduction of problem gambling. Earlier this year, gamblers younger than 25 were excluded from premium and VIP schemes. The moderate risk gambling rate has also declined this time.
GC Reaffirms Commitment on Safer Gambling, Reducing G gambling Harm. Gifting is normal, but problem gambling is not. Over 40% of British population had gambled in the last four weeks. The gambling industry is valued at over $18.6 billion (£14 billion) and $590 (£450) is lost per second per person in 2019/20.
Gardner is pleased with the progress made in the development of cashless wallet apps. She also confirmed that the Commission will continue its efforts to make gambling safer and protect the consumers. The country launched its review of the Gambling Act last December.
