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UK Gambling Commission Launches Gambling Harms Action Lab
The UK Gambling Commission has launched its Gambling Harms Action Lab (GHAL). Proposed back in 2019 as part of its National Strategy to Reduce Gambling Harms, the new initiative aims to shape how financial institutions can help address problem gambling.
Speaking at the lauch Tim Miller, executive director of the Gambling Commission, said financial services providers could collaborate with the gambling sector and play a key role in achieving a more holistic response to gambling harm.
“You need a range of perspectives to truly understand the complexities of gambling harms. Financial services providing access to their anonymised consumer data has allowed us to work with Warwick Business School to start building that much richer understanding of how harms develop and how they can be addressed,” he said.
“Money and Mental Health have already played a vital role in helping to encourage the involvement of the financial services industry in this vital area of consumer protection work. The Gambling Harms Action Lab will help to bring some structure and focus to those collaborative efforts. And that focus will be important.”
Over the next three years, the GHAL aims to give structure to how the financial sector helps tackle problem gambling. That will include meetings with people with lived experiences of problem gambling to develop strategies.
Miller said: “To those in the room today that are from the financial sector my message to you is, you may not be the cause of gambling harm but you have an amazing opportunity to be part of the solution. To work collaboratively to find creative ways of better protecting gambling consumers, consumers who are also your customers. So please, do not miss your chance to help make gambling safer.”
The post UK Gambling Commission Launches Gambling Harms Action Lab appeared first on European Gaming Industry News.
As we bid 2024 goodbye, we compiled this roundup of our most popular podcast episodes, magazine articles, and blog posts from the year.
ATG has released its channeling report for the third quarter of 2024.
The report, which covers the time period from the first quarter of 2019 to the third quarter of 2024, highlights a worrying situation in the gaming industry. It shows that there is still a large proportion of gambling activities that take place outside the regulated system.
The purpose of the report is to increase knowledge about unlicensed gambling in Sweden. Through a better understanding of its scope and development, ATG wants to contribute to ensuring that the right measures are taken, so that the licensed gambling can out-compete the unlicensed and thus increase the channelisation rate.
The channelisation rate for games in the third quarter of 2024 is estimated at 70–82%, which is to be compared with the government’s goal for games with licensed operators of 90%. The ratio has stabilised somewhat compared to the previous quarter, but the long-term trend is still downward.
The result is alarming because unlicensed gambling is more likely to be linked to problem gambling.
“Unlicensed gambling is estimated to have a gross turnover of up to SEK 150 billion – equivalent to the cost of the entire Swedish primary school. To simultaneously make such high demands on us licensed gambling companies, while these enormous sums escape regulation and control, is both unreasonable and counterproductive,” said ATG CEO Hasse Lord Skarplöth.
Other key findings in the report for the third quarter:
Visitor traffic from Sweden to unlicensed companies has increased tenfold since 2019.
18 of the 20 unlicensed sites with the largest visitor traffic during the quarter had the same platform providers as the companies within the license system.
Only two of the 20 unlicensed sites were on the Spelinspektionen’s ban list.
The post ATG Releases its Channeling Report for the Third Quarter of 2024 appeared first on European Gaming Industry News.
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