News GVC CEO Slams Parliamentary Group

GVC CEO Slams Parliamentary Group


The Chief Executive of gambling group GVC Holdings has criticised a UK Parliamentary Group.

Kenny Alexander was responding to an accusation made by the Gambling Related Harm All-Party Parliamentary Group (GRH APPG) which had suggested he had displayed cowardly behaviour. He also criticised their recommended £2 limit for online casino stakes, warning that such a limit could lead to a growth of problem gambling, as players opt for illegal operators.

Alexander’s comments follow the APPG’s findings, released last week, on the desirability of a £2 limit on online slot game stakes. The proposal would bring online casino games in line with the stake limits imposed on Fixed Odds Betting Terminals (FOBTs) earlier this year.

But speaking at an event in London, Alexander said that the two types of gaming activity were different and should not be treated as the same:

“They said that because it’s £2 in slots, it must be £2 in online casino, but that’s like comparing apples and pears. It’s completely and utterly ridiculous. We did definitely need the stake limit on FOBTs to come down. It didn’t need to go all the way down to £2, but it did and so be it. But to compare FOBTs and online casinos is completely false.”

He went on to suggest that the main difference was that with online casino gaming it was much easier to monitor a player’s behaviour than it was with FOBTs. And whereas there was no risk that the FOBT stake cut would lead to players looking for unregulated FOBTs as these did not exist, it was possible that online players could search online for unregulated sites.

Alexander also hit back at suggestions by the APPG that he was guilty of cowardly behaviour for not attending the Group’s hearing, saying that he had a pre-arranged Board meeting for that date, and that no other gambling group CEO had attended.


Please enter your comment!
Please enter your name here

Latest news

Guide to Live Online Blackjack

The game of blackjack has always been one of the world’s most compelling casino games and this deceptively simple...

German Action on Illegal Betting Sites

German authorities are set to take steps to tackle the problem of unlicensed betting operators, as talks over...

Gambling Firm Loses Italian Legal Appeal

The battle over the newly tightened gambling regulations in Italy moved to the legal arena this week with...

New Push for Canadian Sports Betting

Sports betting fans in Canada will be closely watching the launch of a new effort to legalise sports...

Guide to Blackjack Strategy

Blackjack is one of the oldest casino games in the world and remains one of the most popular. And...

Ukraine Clamps Down on Online Gaming

The nation of Ukraine has taken action to block access to a number of online gambling sites in...

Must read

Guide to Online Casino Bonuses

Anyone who has visited an online casino site...

The online casino sector is one of...

You might also likeRELATED
Recommended to you