Online Gambling: Stake Limits Debate
Full Debate: Read Full DebateDepartment: Department for Digital, Culture, Media & Sport
Lord Mancroft
Main Page: Lord Mancroft (Conservative - Excepted Hereditary)Department Debates - View all Lord Mancroft's debates with the Department for Digital, Culture, Media & Sport
Online Gambling: Stake Limits
Lord Mancroft Excerpts(3 years, 9 months ago)
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Baroness Barran (Con)
We are very keen to address all issues, such as online slots, which, as the noble Baroness says, is one of the most harmful and riskiest forms of gambling with the highest loss ratios. That is why these recent changes which affect the design of games are so important, but we will need to navigate in the review a number of overlapping factors, including the black market.
Lord Mancroft (Con)
My Lords, I wish to draw attention to my interests in the register. Gambling companies make 60% of their profits from just 5% of players and they create VIP schemes especially for high-spend customers to encourage them to play more and more—effectively, to lose more and more money. When are the Government going to ban these VIP schemes and put measures in place to ensure that what someone spends on gambling is affordable to them?