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Government set to announce dramatic late change on affordability checks – which could save racing from disaster
https://www.thesun.co.uk/sport/27322845/government-set-to-change-policy-affordability-checks/?utm_campaign=native_share&utm_source=sharebar_native&utm_medium=sharebar_native
https://www.thesun.co.uk/sport/27322845/government-set-to-change-policy-affordability-checks/?utm_campaign=native_share&utm_source=sharebar_native&utm_medium=sharebar_native
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But there is a catch. The beneficial new figures will be part of a trial or bedding-in period, and by the time anything is set in stone it's likely to be a different leadership which decides their fate.
The consequences of that is anyone's guess. |
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These are structured in two tiers, with the first check kicking in at a net spend of just £125 over 30 days or £500 in a year, equivalent to spending £1.37 a day, less than half the price of a typical high street coffee.
But my information is that now a significantly higher monthly and yearly loss figure has been agreed before a punter will have to divulge sensitive personal information like bank transactions and savings. |
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https://twitter.com/MCYeeehaaa/status/1779795896214974660
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Geoff Banks
@geoffbanksbet "the naive will believe it ends here this is foot in the door stuff the whole project is utterly insane. Driven by thoroughly ignorant policy advisors at the UKGC" |
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I've done a few in shops, where punters have been asked to provide a monthly amount they feel comfortable to lose, within their affordability and by disclosing their source of income. The figures range from £500 to £2000 and they have all been allowed to continue gambling.
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Just come across this, so can't say for sure these are the amounts:
The Barstewards Enquiry @BarstewardsThe · 9h If the new limits of 5k per month and 25k per year apply to the betting exchange, then that's it GAME OVER. |
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Apparently the story was also on the Nick Luck podcast today
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Nick Luck quoted those figures after ringing round his sources.
Apparently an official announcement is expected this week. |
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https://podcasts.apple.com/gb/podcast/nick-luck-daily-podcast/id1518596869?i=1000652483845
From around 30 mins in |
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Like I've said before, the current Government are simply doing the ground work for the incoming (Labour) one. Once they get in, it really will be game over. It should never have got to this stage in the first place. Many of us on here were highlighting what was coming down the line YEARS ago. Unfortunately, the industry and the Racing media have acted far too late.
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I'm convinced bookmakers have no desire to have frictionless checks. I have an account with one of the major firms which is £400 in profit over the last year My usual stake with them is £5. £500 in withdrawals and two £50 deposits after short losing runs. On both occasions I made a deposit a money laudering check appeared the same day by their parent company on my credit file.
Firstly why on earth does £50 require a money laundering check? Secondly if they can do this why do they claim they cannot carry out frictionless checks? If i did not check my credit file regularly I would have no knowledge of this. I have no answer to the first but the second is surely they like being able to extract information from their customers for three main reasons. One: Looking for third party accounts. Two: Are you betting elsewhere can we increase our market share? Three: Are you betting well within your means can we milk you for more without occurring wrath? We need to replace the profit from those we have had to genuinely restrict for affordability. |