Speaking at the World Regulatory Briefing (WRB) ahead of ICE London 2023, which begins tomorrow (7 February) at the ExCeL, Gibson said any new regulations introduced in Britain should have player safety at heart but also take into account the interests of the industry.
Gibson said that proper consultation with the wider industry would help form regulations that will have more of an impact and establish Britain as a global leader in responsible gambling.
“A good regulator is one that has player safety at its core but that also takes into account the interests of the broader industry – operators, employees, sporting bodies – working in proper consultation with the industry to create an environment that balances an open recreational market with the need to provide the highest levels of player protection,” Gibson said.
“That is the gold standard we should be aspiring to. In my view, Nevada currently gets the closest.”
Gibson also spoke about Entain’s efforts to improve its own approach to operating and responsible gambling including overhauling its board and executive committee, introducing a new strategy and vision underpinned by the twin pillars of growth and sustainability, launching the new Advanced Responsibility & Care (ARC) program and establishing the new Entain Foundation initiative.
“At Entain we are strong advocates of firm but fair regulation that is rigorous, transparent and evidence-based,” Gibson said.
“The UK already boasts a number of world-class betting and gaming businesses, developing and exporting home-grown expertise and tech prowess on the international stage.
“With gold standard regulation, Britain has the opportunity to be the global leader in responsible gambling.”
ICE London 2023 takes place from 7-9 February at the ExCeL in London.
Original article: https://igamingbusiness.com/legal-compliance/entain-chair-urges-gold-standard-regulation-in-great-britain/
