Casino News

Study labels UK Gambling Commission "not fit for purpose"

2007-01-23 16:05:19

A look into the practices of Britain's Gambling Commission has concluded that the organisational body is "not fit for purpose", it has been revealed.

The Gambling Commission is at the forefront of the new licensing laws set to be introduced around the UK, which involve the regulation of online gambling and the introduction of super-casinos around the country.

But a study by the Adam Smith Institute-backed Regulatory Monitor initiative has said that the commission's budget is too high.

"The Commission has vastly exaggerated the amount of money needed to regulate betting shops. Betting shops have an excellent record of self-regulation, stretching back to 1962 when they were first licensed," said report author Keith Boyfield.

The report claims that with the majority of online gambling firms remaining offshore, and the number of super-casinos likely to be fewer than was originally claimed, the commission is no longer so necessary in its current form.


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