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GVC Holdings welcomes the publication of today’s report of the House of Lords Gambling Industry Committee into the social and economic dimensions of gambling.

Coinciding with the Committee’s report, GVC has also today released the findings of a new national poll, which provides evidence of the broad support gambling enjoys as a legitimate leisure activity amongst the British public. The survey of 2,000 Britons, conducted in May 2020, finds that nearly 80% of regular gamblers see betting as part of the leisure industry and a clear two-thirds of respondents support an individual’s freedom of choice to gamble (see infographic below).

Kenny Alexander, GVC’s Chief Executive, commented: “This report is a thoughtful and measured contribution to the debate on how to ensure the regulated gambling industry can thrive, provide entertainment and enjoyment for the millions of Britons who like a bet.

Apr 17, 2017 Triennial Review Gambling. Gambling triennial review highlights the problems of excessive gambling on the high street; Stake decrease guaranteed, and could be as low as £2; A 12 week consultation will decide whether to limit the stakes to £2, £20, £30 or £50 Gambling Triennial Review. Oct 25, 2016 The long-delayed Triennial Review into gaming machine stakes and prizes in the UK has finally been announced by the UK government, ending a stalemate over their future that has lasted all summer.

Scope of general gambling regulation - to be expedited as a matter of priority. Market Overview Since the last Triennial Review in 2001 and the changes to Cat C machine stakes and prizes in 2008, the pub industry – and the role of amusement machines within it - has undergone significant and profound change. Regulatory obligations are weighing on William Hillthe UK gaming sector. The Triennial Review announcement is due in late October and a potential £2 stake limit on FOBTs would. The government’s consultation on gaming machines and social responsibility measures ran from 31 October 2017 to 23 January 2018. The objective of the review was to ensure we have the right.

While there is only a small minority of customers who run into problems, it is important that we put a safety net around them. We fully support the recommendation to bring forward the UK Government’s Review of the Gambling Act and we will play a full and active role in this process.

“I’m also glad to see detailed recommendations for a triennial review of the Gambling Commission, the licensing of affiliates, and the need for more research into problem gambling – particularly as claims around the scale of the issue frequently bear no resemblance at all to the independent research already available.

“As a socially responsible business, GVC is committed to constantly improving our player protection policies. We have already adopted several of the measures recommended in this report and there are others that we would like to see implemented across the industry.

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“I am however concerned by the findings of our own research which highlights the lack of awareness amongst the general public of the numerous and sophisticated tools GVC and the industry have introduced to put control where it belongs: in the hands of our customers. We have to do a better job of communicating that, because those who are implacably opposed to gambling as a matter of principle are actively seeking to damage the industry through onerous regulation, which will ultimately drive customers into the hands of the unregulated black market. It is important that all stakeholders work together to keep gambling effectively regulated for all parties.”

The UK Department for Digital, Culture, Media and Sport (DCMS) finally released its triennial review of gaming machines stakes and prizes this morning, ushering a 12 week period of proposals and consultation on industry changes.

As part of the review, the Gambling minister Tracey Crouch underlined the importance of ‘striking the right balance between socially responsible growth and protecting the most vulnerable, including children, from gambling-related harm.’

Crouch said: “Given the strong evidence and public concerns about the risks of high-stakes gaming machines on the high street, we are convinced of the need for action. That is why today we have set out a package of proposals to ensure all consumers and wider communities are protected.”

However, in spite of the government pledging to decrease the maximum stake on the terminals from £100 to either £50/£30/£20 or £2, the review and the proposals that followed it, evoked a reaction that wasn’t completely positive.

Both the review and the consultation period were welcomed by the Gambling Commission, as it emphasised that this 12 week period “provides an important opportunity to consider the impact that gambling can have for some people.”

The Commission added: “We would encourage anyone with an interest in the regulation of gambling to ensure that their voices are heard through the consultation. Reducing the risks that people face from gambling, especially those that are vulnerable, is at the heart of our advice that we give to Government.”

On the other hand, The Deputy Labour Leader Tom Watson, who recentlyunveiled Labour’s new policyto ban betting operators from sponsoring English football clubs, voiced his disappointment to BBC’s Today programme over the need for a consultation period.

Watson was joined by Newham Council, who also has a longstanding history of campaigning for the maximum stake of the terminals to be cut to £2, described the consultation period as “an unnecessary delay” and accused the government of “dragging its feet” over the issue.

In Parliament this morning, Crouch responded to the claims that the consultation was unnecessary, describing the consultation as ‘due process, that we expect people to contribute to.’ The former Chair of the DCMS John Whittingdale also welcomed the consultation period, he then offered Crouch the opportunity to confirm that any future laws made with regards to the betting industry would be “evidence-based” which Crouch confirmed was the case.

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Also in Parliament, Labour’s Conor McGinn, who is the Joint Chairman of the All-Party Parliamentary Group on Horse Racing, pointed out that Horse Racing relies heavily on not only, the levy from bookmakers, but also advertising.

He then sought assurances from the Minister that she will work closely with the horse racing and gambling industry to ensure that whilst protecting those that are vulnerable to gambling addiction, there is also protection for jobs and economic benefits that come from Horse Racing and race tracks.

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The Association of British Bookmakers (ABB), who last month reiterated that ‘betting shops offer the safest place to gamble on the high street,as responsible gambling is at the heart of their day to day running,’ stated that the report detailed a number of proposals that it will respond to.

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In a statement issued in response to the report, The ABB commented: “We believe the focus of any final decision should be to ensure measures are adopted that will be of genuine benefit to problem gamblers.

“Betting shops cater for over 6 million customers every year and the vast majority of them gamble responsibly. We know that most problem gamblers use 7 or more different types of gambling products, therefore there is a challenge for the whole gambling industry to move from a position where there is a stable level of problem gambling in this country to one where problem gambling rates are decreasing.

“Betting shops are investing very significant sums of money to help identify those at risk so that they get the help that they need, we are continually updating and working to improve responsible gambling measures.”

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The releasing of the review led to shares in William Hill gaining 2% and Ladbrokes Coral gaining 0.6% in morning trading, possibly indicating that many insiders held the perception the review would be tougher on bookmakers than it was.