Concerns over proposed affordability checks
Industry leaders in the UK's gambling sector have expressed "grave concerns" about government plans to introduce "affordability checks" on gamblers' financial affairs. Martin Cruddas, chief of the Arena Racing Company, warned that these new tests, which are untested and unprecedented in Britain, could have serious consequences for consumer freedom and the economy.
Precipice for the horse racing industry
Cruddas further stated that the horse racing industry is currently standing on the precipice, and it is not expected that the government will push it over. The introduction of affordability checks could deal a hammer blow to the sector, wiping off an estimated £250 million in revenue over the next five years.
Potential impact on gamblers
Under the proposed reforms, gamblers who lose as little as £125 in a month could have their finances scrutinized as part of the government's crackdown on gambling. Ministers argue that these checks are necessary to address problem gambling and prevent individuals from spending money they do not have.
Backlash and petition
The affordability checks have faced significant backlash, with nearly 80,000 people signing a petition against them in just one week. Industry bosses are calling for MPs to have the opportunity to debate the controversial subject in Parliament.
Accusations against the Gambling Commission
In a letter to Gambling Minister Stuart Andrew, Martin Cruddas accused the Gambling Commission, the government regulator, of prioritizing an "ideological agenda" over practicality. He called for the democratic institutions to have a say in imposing such a damaging policy.
Government response
A spokesperson from the Department for Digital, Culture, Media and Sport (DCMS) stated that horse racing is an integral part of British sporting culture and heritage. The government is committed to a sustainable future for the sport and is reviewing the horse race betting levy. The spokesperson also mentioned that the proposed financial risk checks aim to protect vulnerable individuals and that the government is working with the industry to develop a system based on data-sharing.
