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Gambling Commission to support Bacta’s Social Responsibility Exchange

Niji Narayan

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Gambling Commission to support Bacta’s Social Responsibility Exchange
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UK’s Gambling Commission extends its support to the Social Responsibility Exchange, a new initiative launched by the British Amusement Catering Trade Association (BACTA). It is an inclusive free-to-participate event designed to provide a platform for business owners, operators and their staff to figure out the best practice.

A number of leading professionals will offer their insights in the event, scheduled to be held on 21 November 2018, the day before the BACTA Annual Convention and AGM. UK Gambling Commission Programme Director Helen Rhodes will be one of the key speakers, she will participate in the panel discussion for the session entitle: Improving The Customer Journey For the Problem Or At Risk Customer.

She is leading the Gambling Commission’s safer gambling team, responsible for creating the Commission’s policy and work connected with protection of children and those in vulnerable circumstances.

The session will offer insights into how staff can provide a positive and safe experience for those customers who may be particularly vulnerable to harm through impaired decision-making skills such as through poor mental health or dementia.

She said she is looking forward to attending the event: “Making gambling fairer and safer is a cornerstone of our work here at the Commission so we were very pleased when we heard that bacta was hosting a social responsibility conference. I’m very much looking forward to be on a panel focused on looking for solutions that prevent harm to consumers.”

 

To register for this landmark event, contact Linda Malcolm at bacta on +44(0)20 7730 6444 or at LindaM@bacta.org.uk

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Gambling in the USA

Eldorado Resorts and Caesars mull over merger

Niji Narayan

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Eldorado Resorts and Caesars mull over merger
Photo Source: multivu.com
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US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages of discussion on a possible merger, according to sources familiar with the matter.

Caesars has recently agreed to allocate billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board seats to his representatives, and a say on the selection of its next chief executive officer.

Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two companies, the sources said.

Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialise or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential.

Caesars and Eldorado have market capitalizations of $5.4 billion and $3.6 billion, respectively. They also had debt piles of $9.1 billion and $3.3 billion, respectively, as of the end of December.

Caesars declined to comment, while Eldorado did not immediately respond to a request for comment.

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Report says stake reduction on FOBTs has positive effect

Niji Narayan

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Report says stake reduction on FOBTs has positive effect
Photo Source: alibaba.com
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The UK government’s recent decision to reduce the stakes on fixed odds betting terminals (FOBTs) has produced social responsibility measures that are “fit for purpose,” a report by the Regulatory Policy Committee says. The Regulatory Policy Committee is a government body charged with providing external, independent scrutiny of new regulations.

The decision to reduce stakes was made to reduce gambling-related harm.

The report used a recent study by the Institute for Public Policy Research to illustrate the consequences and costs of gambling-related harm to society and another report from the Centre for Economics and Business Research that suggested that FOBT gamblers were placing a cost upon themselves and their families of £1.5bn, although the DCMS was unable to substantiate these estimates.

The Regulatory Policy Committee says that at the start of the process of reducing the stakes, the UK had 33,611 FOBTs, 191 in casinos and the rest in betting shops, of which the country had 8677 in March 2017. They had a gross gambling yield of £1.8bn. The DCMS now believes that the imposition of the limitations on stakes will cost the industry £540m.

The GGY losses, says the RPC, may be mitigated by players choosing to gamble at a lower level for longer, with sessions estimated to last on average 28 per cent longer. Other estimates show that the number of people who will no longer play FOBTs may be reduced by 10 per cent.

The report suggests that some improvements to the process of gathering data and analysis might be introduced, including an even closer working relationship between the DCMS and the Gambling Commission to develop a monitoring and evaluation strategy. It also suggests that the DCMS considers the potential impact of electronic, notes, and coins payment methods on staking behaviour.

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Australia

Victorian Responsible Gambling Foundation appoints new CEO

Niji Narayan

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Victorian Responsible Gambling Foundation appoints new CEO
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Victorian Responsible Gambling Foundation, the Australian state’s body to help problem gamblers, has appointed seasoned public servant Shane Lucas as the new chief executive officer. The Minister for Consumer Affairs, Gaming, and Liquor Regulation, Marlene Kairous announced the decision following an extensive executive search process that began on November 2018.

Lucas has held a number of executive and senior management roles in the non-government, government, and private sectors, most recently serving as a full-time member of the Australian government’s Administrative Appeals Tribunal.

He has also worked as CEO of education charity the Early Learning Association Australia between 2013 and 2017, and sat on the advisory board of Deakin University’s Master of Public Policy Programme.

“Mr Lucas has a strong track record of program delivery, establishing innovative partnerships and developing strong stakeholder relationships in a career at the highest levels of the public and private sectors,” Kairouz commented.

“We look forward to working with Mr Lucas to further strengthen and enhance the Government’s approach to reducing and preventing gambling harm in Victoria – his appointment is a great outcome for the Foundation.”

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