The analyst warns that the rumour that the gambling review will be scrapped may be bad news

The analyst warns that the rumour that the gambling review will be scrapped may be bad news

Summary:

The Gambling Act review is one of a number of legislative proposals that the UK government is planning to scrap. The Gambling Act review was initially on the Conservative Party’s manifesto in 2019. The white paper outlining the government’s wish list for reforms has not been published due to various delays.

The Gambling Act review was mentioned in a report by Guardian chief political correspondent Jessica Elgot as one of the proposals that could be axed.

The process has been delayed for a long time

Since late 2020, the Gambling Act review has been on the Conservative Party’s manifesto.

The white paper outlining the government’s wish list for reforms has not been published due to various delays.

Changes in personnel, with four different ministers having overseen the legislation since it began, appeared to have been a major factor in the repeated delays.

In his July resignation letter, Chris Philp stated that the document was with No 10 for final approval. The process was slowed further by Boris Johnson’s resignation and his exit as prime minister.

The white paper was expected to be published in the early stages of the new Prime Minister’s premiership.

It’s not so good news

The potential outcome was opined upon by the analyst and partner of Regulus Partners. He said that abandoning the project at this stage may be worse for the sector than going ahead, despite the fact that the white paper was reported to include a number of strict new rules for the industry, especially around affordability and free bets.

There is a question of whether the process of review is a distraction or if there isn’t enough parliamentary time to implement the outcomes. We have come too far to turn back on publishing the findings and policy implications of the review, even if we could make a legitimate case for the latter.

I hope that at the very least they publish what they have learned, after all the efforts that have gone into this, especially from the DCMS. Otherwise, it will have been a waste of time and resources and will leave unaddressed a number of legitimate concerns.

New rules could be implemented in a less transparent manner, which could have dire implications for the industry.

It could be the worst outcome for the industry and consumers if the gambling review is chopped. The Gambling Commission is at risk of exploiting the situation by imposing its own agenda without the benefit of public and parliamentary scrutiny and due process.