Industry News
UKGC unveils roadmap for fairer gambling
The United Kingdom Gambling Commission (UKGC) revealed yesterday a new strategy that is set to help form a well-regulated gambling market dedicated to consumers. The strategy sets out the regulator’s focus and commitment in five point areas.
As the UKGC said in a statement, the five priority areas are protecting the interests of consumers, as the commission expects operators to intervene in order to make play safe and protect those who are at risk. Operators, including lotterys, will face toucher and broader sanctions if they fail to treat customers fairly.
The second point is preventing harm to consumers and the public: the Commission expects consumers to be provided with more information about gambling. Optimising returns to good causes, improving the way the Commission regulates and raising standards in the gambling market are the other three major points.
This strategy revolves around work the Commission has been doing to make sure that consumers are protected, as well as it reveals the vision for faster progress. Bill Moyes, Chairman of the UKGC, said: “This is an ambitious strategy to deliver fairer and safer gambling over the next three years. We can only be successful in this by engaging with consumers and by working closely with all our regulatory partners and the industry.”
“In the same way that this strategy challenges the industry, we also challenge ourselves – as the regulator – to deliver effective, targeted and innovative regulation. At the end of three years we expect to see an industry that strives continuously to raise their standards, treat customers fairly, and protect vulnerable people,” he added.
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