An eight-month investigation by the Competition and Markets Authority (CMA) has revealed that people are not getting the deals they expected from gambling sign-up promotions, and sites are unfairly holding on to customers’ money. The CMA said it was taking action against “a number of operators” suspected of breaking the law.
Nisha Arora from the CMA said: “New customers are being enticed by tempting promotions only to find the dice are loaded against them. And players can find a whole host of hurdles in their way when they want to withdraw their money.” Adding that customers were sometimes forced to play hundreds of times before they were allowed to withdraw their money, denying them the choice to “quit while they’re ahead.”
Ten years since the enactment of the Gambling Act and the formation of the Gambling Commission, this is a conclusion that millions of gamblers have been painfully aware of.
If the Senet Group, the industry-funded self-regulator, actually did what it says it does: “promote responsible gambling standards and ensure that the marketing of gambling is socially responsible” this would not be an issue, so proving that self-regulation does not work.
Wanda Goldwag, the “independent standards commissioner” appointed by the Senet Group, who regularly shows up in Westminster with PR spin initiatives, has gone silent and missing since the CMA news that her members could be subject to legal actions.
Wanda – where are you?
Content produced and sponsored by Stop the FOBTS.