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A new methodology of assessing the real impact of gambling effects on the British society has been published by the UK Gambling Commission (UKGC) today.

The timeline of activities was created by Dr, Heather Wardle who is the representative for the Responsible Gambling Strategy Board (RGSB) and also one of the highly sought independent advisers for the main gambling regulation body in the UK. The report followed collaboration between UKGC, RGSB, and GambleAware which is a UK-based gambling problem charity that provided funding for the activity. The activity is aiming at finding a better means of measuring and understanding the effects and the price that the British society is paying as a result of gambling activities.

The report which was released recently highlighted that most consumers are usually able to take part in gambling activities without having to deal with any negative effects, but the commission was not going to ignore the possible consequences that gambling activities pose on the society, in general, starting with families and individuals who take part in gambling. This is according to the CEO of the commission Neil McArthur.

According to Mr. McArthur, the main part of the process of understanding the negative consequences of gambling and analyzing the impact on the British Society as well as the economic impact had already been found and that there was a lot to be done in future. Mr. McArthur explained that the commission was committed to providing all the necessary support to give the public health officials the necessary push to reach a larger portion of the public. The gambling industry to work hand in hand with the gambling regulatory body and give their views on the subject to have a result-oriented process that will ensure the prevention of gambling-related negative effects is successful.

The report which blazes the trail in the fight against bad gambling practices was aimed at coming up with proper methods of measuring the impact of gambling-related activities on various aspects of the British Society that can be used. The various aspects include family, relationships, finances and health.

The report was aimed at coming up with a common definition of gambling-related activities that are harmful which all the stakeholders in the process; the public, law enforcers, policymakers and health officials can use. The report pointed out that the effects of gambling can be damaging the lives of those involved in gambling both in the short term and long term. The survey also sought to expound on the social as well as economic effects which gambling-related harm could bring and hence gambling should be properly monitored, measured and the public educated on the same.

The other main aim of the report was to set and create an effective system for action which accommodated the impact of gambling-related activities on the affected individuals taking part in gambling as well as their families and their communities in general. The RGSB and the UKGC are determined to find out the most efficient method of measuring the cost of harm which these activities bring upon the society as a whole.

Dr. Heather Wardle who was the lead author of the report said the report was a huge milestone in the journey towards understanding and educating society on the effects of gambling. This, she said is a major leap as it details the impact of gambling not only on the individual but also on friends, family, and communities that make up the British Society.

Marc Etches, CEO of Gamble Aware in his remarks stated that gambling is a public health issue that has detrimental social and economic consequences.

The Swedish-owned betting firm, 32Red has been slapped with a £2 million fine. This is due to its failure to protect a problem gambler and also conferring on his VIP status.

32RED The commission that is charged with the responsibility of regulating gambling found the company complicit in facilitating excessive gambling by one of its clients. In total, the commission noted, there were 22 incidents in which the behaviors of the said client should have been questioned and investigated but never happened.

32Red, it is alleged, allowed the said problem gambler to deposit a whopping £758,000 between 2014 and 2017. This amounted to an average of around £45,000 per month notwithstanding the fact that the said client had a monthly salary of just £2,150!

The betting firm did attempt to defend itself though. It gave evidence to the effect that the problem gambler in question had a monthly income of around £13,000. This evidence was however refuted by the regulatory agencies on the grounds that it was incredible.

Moreover, 32Red it is said only reviewed the account of the said problem gambler after he won a 7-digit amount which he quickly gambled yet again. This served to prove beyond reasonable doubts that the betting firm was, in fact, encouraging the person to gamble more, rather than abetting the practice, as should have been the case.

In light of these, the betting firm was slapped with a further £709,046 fine for the divestment of the financial gain, £1.3m payment to the National Responsible Gambling Strategy, and a further £15,000 to cover the overall costs of the investigation.

While justifying these moves, the commission’s executive director Mr. Richard Watson, had this to say, ‘Operators have to see to it that they take appropriate steps whenever they spot any signs of problem gambling. As such, they have to promptly review all the customers that they do have a high level of contacts with.’

The betting firm did admit its culpability when confronted. Furthermore, an independent third party did also audit the procedures, controls, and policies of the Anti-money Laundering commission. The recommendations made were also accepted and adopted.

There were concerns as to whether the problem gambler may have stolen the money. The commission was swift to respond though that there have been no signs or credible evidence to that effect as of now. Here is what the commission’s spokesman had to say:

‘We are not aware of the source of the gamblers wealth as of now. This is because the operator did not fulfill its mandate to the commission in conformity to the existing anti-money laundering obligations. We, therefore, are unable to comment further on the issue.’

To prevent a recurrence of the same issue in future, a complete review of all the existing active customers was effected. The affected company decided to put in place a behavior monitoring system. This is to detect and respond promptly to any such suspicious activities in future.

An independent third-party audit of AML policies, procedures, and controls with recommendations accepted and implemented. The affected company also ordered a full review of all its active customers against the revised policies.

The regulatory authority also decided to implement a raft of measures to forestall the recurrence of these problems in future. These include the introduction of a group Anti-Money Laundering or Counter-Terrorist Financing (AML/CTF) policy and the integration of the various betting firms to a single platform across companies, among others.

These measures will make it easier for the various operators in the field of gambling to monitor the behaviors of their clients. They will find it easier to share data and investigate any suspicious activities as well. With these measures in place, the likelihood of similar incidents taking place later is very minimal.