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SHRINK OPPOSES HIGHER FRUIT MACHINE PRIZES

The TimesOnline reports that Dr Emanuel Moran, a specialist adviser on pathological gambling at the Royal College of Psychiatrists, is opposed to a UK Gambling Commission decision that the level of prizes in UK fruit machines should be allowed to be increased. 
 
"Fruit machines are one of the most addictive forms of gambling, so this decision is deeply worrying," Dr, Moran told the newspaper. "Of all the different types of gambling, it is fruit machines that act as a “learning device”, where people get hooked on the idea of gambling."
 
The specialist pointed out that once gamblers become addicted on fruit machines, they often move on to other kinds of gambling, particularly online gambling, and try to recoup their losses.
 
"I'm not against gambling — I do it myself," said Dr. Moran "But it is a highly addictive activity and public policy needs to encourage moderation. To increase the prizes is definitely not in line with the stated purpose of the Gambling Act: to limit problem gambling.
 
"The size of the prize undoubtedly increases participation - the best example is what happens in the National Lottery, when a rollover produces a tremendous increase in the number of people who take part.
 
Dr. Moran is critical of the Gambling Commission, saying that every time there has been a change to the UK gambling laws since the Gambling Act was passed it has become easier for the promoters to make more money out of the punters.
 
"I think the Gambling Commission has not been as tough as it ought to be," the specialist opined. "It is generally recognised that the success or otherwise of the Gambling Act is very much determined by the Commission's approach.
 
"This is illustrated by the commission's reaction to the [UK gambling] prevalence study, which determined the levels of gambling in Britain. That showed that fixed-odds betting terminals, spread betting, betting exchanges and online gambling have a high incidence of producing problem gambling.
 
"The Commission's reaction, however, was that one could not draw any conclusions about “causality” from this. It has adopted the view that unless the evidence of harm is utterly obvious, it is going to turn a blind eye. It has not shown itself to be the kind of watchdog that it ought to be."

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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