The UK Gambling Commission (UKGC) has a lot on its plate this period. The regulator took a number of initiatives and measures to maintain a safe gambling environment. As a result, it fined several operators for compliance failings, such as InTouch Games.
What’s more, last week it was announced that five land-based casinos were fined for social responsibility and anti-money laundering failings. The work of the UKGC and its strict measures led to the UK gambling industry being one of the economy’s driving forces, according to a report from the Betting and Gaming Council.
Now, the regulator announced its new three-year Corporate Strategy and annual Business Plan which set out the Commission’s focus to protect the public and players from gambling harm.
Five key priorities in the new Strategy Plan
The Gambling Commission believes that the new three-year strategy plan will create a regulated market and maintain the ambition of the previous strategy. Bill Moyes, UKGC chair, added that over the next three years, the Commission will see the gambling industry change further, and it must ensure that people who gamble in the UK are safe and secure.
Through comprehensive research, the UKGC has identified five priority areas to reach its goal. The first of these areas is to protect children and vulnerable people. The Commission will continue to ensure licence holders minimise the risk of gambling harm by improving conduct and competence, building a stronger evidence base, evolving the Licence Conditions and Codes of Practice, and focusing on preventative measures.
Creating a fairer market and more informed consumers is the second area, for which the Commission will ensure licence holders and new products inform consumers easily and accurately. The third priority area refers to keeping crime out of gambling. This will be achieved by tackling illegal providers, preventing money laundering and managing risks to event manipulation.
The fourth objective will focus on supporting the National Lottery, which continues to be one of the world’s largest and most popular with millions given to good causes each year. Finally, improving gambling regulation is the fifth priority for UKGC, especially with the Gambling Act being reviewed. The regulator continues to support the Government and will also evaluate its own work.
Safer gambling as a priority in the Business Plan
In the meantime, the Commission’s Business Plan for 2021-22 focuses on the priorities in making gambling safer for the public and players. This includes a focus on improving the way the Commission regulates, as well as on other high-profile decisions that will be announced in the upcoming period. This includes the Gambling Act Review and a review of the Commission’s fees by DCMS.
Commenting on the new Business Plan, Bill Moyes added that the Commission is aware that it must continue to adjust and change depending on the outcomes of the Gambling Act Review. It’s up to see how these changes will affect the UK gambling industry, especially now when Neil McArthur resigned as UKGC CEO.
You can read the full Gambling Commission’s Corporate Strategy for the next three years and its Business Plan for the following year on the UKGC website.