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Online betting firm 888 investigated by Gambling Commission

Online gambling company 888 is being investigated by the Gambling Commission which has the power to strip betting firms of their licence to do business, amid concern over the tools it uses to help problem gamblers.

The Gambling Commission is examining 888's "self-exclusion" regime, a system betting firms use to allow customers to bar themselves voluntarily from gambling.

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But sources familiar with the situation said the review was looking into whether 888's systems had been effective at blocking gamblers who chose to use it.

The commission does not comment on reviews until it has reached a verdict on whether a company has transgressed the rules of its licence to operate.

But unlike some gambling rivals, 888 is listed on the London Stock Exchange and was forced to disclose the review under rules designed to prevent insider trading by people with information that could significantly affect the company.

In a statement to the stock market, 888 said the regulator was examining "The manner in which a subsidiary of the company has carried on its licensed activities to ensure compliance with the operating licence held by the licensee."

"The review has been initiated to assess certain measures that the licensee employs to ensure social responsibility to its customers including, amongst other items, effective self-exclusion tools across different operating platforms" 888 said.

"The company is dedicated to providing players with a responsible as well as enjoyable gaming experience and the licensee will be pro-actively engaged in a cooperative and collaborative manner with the commission throughout this review."

The commission signalled earlier this year it intends to come down harder than before on firms that breach rules designed to promote responsible gambling.

Several bookmakers have been hit with financial penalties in the past year.

 

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