Flutter chief executive Peter Jackson calls on Gambling Commission to 'think again' about affordability checks
Flutter CEO Peter Jackson urges the Gambling Commission to pause affordability checks due to friction and safety risks.Summary
Flutter Entertainment chief executive Peter Jackson has called for the Gambling Commission to pause the introduction of affordability checks and "think again". The Gambling Commission launched a pilot of these checks, termed financial risk assessments, in 2024. Jackson argued that the checks will not be 'frictionless' as promised and risks pushing customers towards illegal operators, harming customer safety and tax receipts. He stated that rushing ahead with these checks will only help the illegal market. In his letter to shareholders, Jackson acknowledged that the increase in remote gaming duty announced in the budget will drive some UK customers toward unregulated operators. He welcomed the government's intervention, including an extra £26 million allocated to the Gambling Commission. The article also notes that Flutter's share price fell by more than seven per cent in London on Thursday morning but recovered to close at 7,566p, down 1.7 per cent.
(Source：Google News)