While many gambling firms weathered the challenges posed by COVID-19 through increased reliance on online operations, online gambling in the UK is now subject to stricter scrutiny. Earlier this year, the government announced its intention to consult on implementing new affordability checks and other measures aimed at reducing the harms associated with gambling, including addiction. These industry-opposed changes are anticipated to be enforced by the summer of next year.
In September, Betfred faced a fine of nearly £2.9 million ($3.7 million) from the UK Gambling Commission due to failures in safety checks and money-laundering controls.
The company has expressed its commitment to reviewing its policies and ensuring responsible gambling practices moving forward. In other news, Betfred has recently donated £84,000 ($107,609) to Prostate Cancer UK following the Betfred British Masters golf tournament, with a total of 42 eagles made during the competition and a hole-in-one securing additional funds. Betfred has raised almost £200,000 ($256,211) for the charity over the last three editions of the tournament, emphasizing the importance of raising awareness alongside financial contributions.
In September, Betfred faced a fine of nearly £2.9 million ($3.7 million) from the UK Gambling Commission due to failures in safety checks and money-laundering controls.
The company has expressed its commitment to reviewing its policies and ensuring responsible gambling practices moving forward. In other news, Betfred has recently donated £84,000 ($107,609) to Prostate Cancer UK following the Betfred British Masters golf tournament, with a total of 42 eagles made during the competition and a hole-in-one securing additional funds. Betfred has raised almost £200,000 ($256,211) for the charity over the last three editions of the tournament, emphasizing the importance of raising awareness alongside financial contributions.
