Industry share prices rebounded from an initial dip following a report that the new Gambling Act white paper will include a £125 monthly soft cap on affordability – with harder checks for players losing £2,000 in three months.
Industry commentators Earnings + More reported a number of details this morning related to the content of the Gambling Act White Paper.
Industry sources confirmed to iGB it matched up with their understanding of the document.
Perhaps the most significant detail in the report was detail of the affordability checks that operators may be required to perform. Players would be allowed to have a net loss of up to £125 per month or £500 per year before “passive” checks – to see if players have obvious signs of financial difficulties such as county court judgements – kick in.
Those who lose more than £1,000 in 24 hours or £2,000 within 90 days will face “more detailed” checks.
New accounts will face lower thresholds.
Sources raised questions, however, of what the d..
