This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.theguardian.com/business/2019/apr/25/ladbrokes-owner-proposes-ban-on-gambling-ads-linked-to-sport-gvc

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Ladbrokes owner proposes ban on gambling ads linked to sport Ladbrokes owner proposes ban on gambling ads linked to sport
(about 4 hours later)
The Ladbrokes’ owner, GVC, the UK’s largest gambling company, has broken ranks with the rest of the industry by announcing a series of proposals to protect problem gamblers, including an end to TV ads and football shirt sponsorship. The owner of Ladbrokes, GVC, the UK’s largest gambling company, has broken ranks with the rest of the industry by announcing a series of proposals to protect problem gamblers, including an end to TV ads and football shirt sponsorship.
GVC’s boss Kenny Alexander called on the rest of the industry to follow suit as he announced a number of measures he said would “do more to protect the vulnerable”. GVC’s chief executive, Kenny Alexander, called on the rest of the industry to follow suit as he announced a number of measures he said would “do more to protect the vulnerable”.
Among the most eye-catching proposals is a total ban on gambling ads attached to sports broadcasts, except for horse racing. The suggestion goes further than existing industry plans for a pre-watershed “whistle-to-whistle” ban during sports events.Among the most eye-catching proposals is a total ban on gambling ads attached to sports broadcasts, except for horse racing. The suggestion goes further than existing industry plans for a pre-watershed “whistle-to-whistle” ban during sports events.
GVC also said it would voluntarily end all sponsorship deals that promote its brands on football shirts or on pitchside advertising hoardings, matching a policy unveiled by Labour in 2017. GVC also said it would voluntarily end all sponsorship deals that promoted its brands on football shirts or on pitchside advertising hoardings, matching a policy proposed by Labour in 2017.
It said this would “allow fans to watch their favourite teams without seeing any incentives to bet” and called on football governing bodies and the gambling industry to do the same. The company sponsors the shirts of two clubs, Sunderland and Charlton, both in the third tier of English football. It also sponsors the Scottish Premiership and will retain that deal, although it will donate pitchside hoarding space included in the agreement to responsible gambling messages.
Alexander said: “While the vast majority of our customers enjoy our products responsibly, it is high time that the industry did more to protect its customers from potential harm. It said curbing ads would “allow fans to watch their favourite teams without seeing any incentives to bet” and called on football governing bodies and the gambling industry to do the same.
“As the UK’s largest gambling company, and owner of Ladbrokes and Coral, we at GVC are doing exactly that. I call on our industry peers to help us bring about an end to broadcast advertising which promotes sports betting in the UK no matter the time of day.” Alexander said: “While the vast majority of our customers enjoy our products responsibly, it is high time that the industry did more to protect its customers from potential harm. As the UK’s largest gambling company, and owner of Ladbrokes and Coral, we at GVC are doing exactly that. I call on our industry peers to help us bring about an end to broadcast advertising which promotes sports betting in the UK no matter the time of day.”
GVC, which is based in the Isle of Man, also pledged to channel 1% of its gambling revenue into research, education and treatment projects by 2022, 10 times the current voluntary levy of 0.1%. GVC, which is based in the Isle of Man, also pledged to channel 1% of its gambling revenue into research, education and treatment projects by 2022, 10 times the voluntary levy of 0.1%.
To underscore its commitment to treating problem gamblers, GVC said it was establishing an independent trust to fund treatment of problem gambling and would also offer addicts GamBan software free of charge. GamBan allows customers to block betting sites from their phone or computer, rather than relying on the often ineffective industry-wide self-exclusion tool Gamstop. To underscore its commitment to treating problem gamblers, GVC said it was establishing an independent trust to fund treatment of problem gambling and would also offer addicts Gamban software free of charge. Gamban allows customers to block betting sites from their phones and computers, rather than rely on the often ineffective industry-wide self-exclusion tool GamStop.
Alexander said: “Increasing investment in research, education and treatment tenfold by 2022, funding treatment centres and using technology to intervene before a problem develops, alongside our existing behavioural analytics, brings to life our commitment to be the most trusted and enjoyable betting operator in the world.Alexander said: “Increasing investment in research, education and treatment tenfold by 2022, funding treatment centres and using technology to intervene before a problem develops, alongside our existing behavioural analytics, brings to life our commitment to be the most trusted and enjoyable betting operator in the world.
“The industry should and can do more to protect the vulnerable, and today’s announcement demonstrates GVC’s commitment to delivering on that.”“The industry should and can do more to protect the vulnerable, and today’s announcement demonstrates GVC’s commitment to delivering on that.”
Some of GVC’s smaller rivals are expected to question its motives for curbs on advertising, given that household name brands such as Ladbrokes are unlikely to suffer much compared to firms still trying to raise their profile. Some of GVC’s smaller rivals are expected to question its motives for curbs on advertising, given that its brands have hardly any shirt deals and, in the case of Ladbrokes and Coral, already enjoy household name recognition, meaning they are unlikely to suffer much compared with smaller companies.
GVC’s announcement came on the morning that the government and the Gambling Commission announced a three-year strategy to address the harm caused by gambling. The plan will bring together businesses, the regulator and charity groups to promote prevention of addiction and education about the risks of gambling.
It will also involve an effort to improve research into problem gambling and increased funding for treatment centres via the NHS. There is just one specialist gambling addiction clinic but funding will be released to open more.
The sports minister Mims Davies, whose predecessor Tracey Crouch resigned over delays to curbs on fixed-odds betting terminals (FOBTs), said she expected the industry to make faster progress on tackling harm caused by betting.
She said: “Protecting people from harm should be at the heart of every gambling business. Addiction can ruin lives and it is vital that those who need help are given the right treatment at the right time.
“The Gambling Commission’s strategy reflects our clear expectation that the whole sector must come together to reduce problem gambling and the harm it does to people and their families.”
LadbrokesLadbrokes
GamblingGambling
Sport bettingSport betting
newsnews
Share on FacebookShare on Facebook
Share on TwitterShare on Twitter
Share via EmailShare via Email
Share on LinkedInShare on LinkedIn
Share on PinterestShare on Pinterest
Share on WhatsAppShare on WhatsApp
Share on MessengerShare on Messenger
Reuse this contentReuse this content