Online betting giant Flutter Entertainment announced its EGBA membership. The world’s largest online gambling operator said its decision to join EGBA was informed by its quest to promote enhanced responsible gambling throughout Europe.
Flutter is the latest online gambling company to announce its EGBA membership. The operator is known for its big brands such as Betfair and Paddy Power. Flutter said its decision to join the European Gaming and Betting Association came from its passion to enhance industry responsibility as far as European gaming goes.
Maarten Haijer commented on Flutter’s membership. The EGBA secretary-general said the organization is happy with the move by the online gambling company. Haijer further welcomed the operator by acknowledging its commitment toward the organization’s ideals of fostering a solid culture of responsible gambling in Europe.
The official also spoke of EGBA’s determination to ensure the continent’s online gambling scene develops stronger connection and coordination. Haijer concluded by stating its doors are open to other online gambling firms to join.
Pádraig Ó Ríordáin said safe gambling and its sustainability are the building blocks of what the operator is about. The chief legal officer said this is the reason EGBA is a natural fit for the company. Ríordáin concluded by showing the company’s preparedness to work with other EGBA members to ensure Europe’s online gambling industry forges a stronger bond.
Flutter seems to have rejuvenated strength to combat problem gambling. A few days ago saw the giant online gambling company introduce a €500 deposit limit. But this limit only applies to customers under 25 years.
The new deposit limits are set to affect around 5% of the company’s 750,000 customers in Ireland and the UK. Flutter said it will introduce this limit in Ireland before the end of 2021. It also said the regulations will move to the UK later on.
The EGBA’s focus on creating awareness around responsible gaming continues. July 2021 saw the organization release its first Sustainability Report. The report showed an increase in the use of responsible gambling tools by its members.
It also showed 75% of its members’ customers used one safe gambling tool. This was a jump from the 2019 figure that stood at 61%. Self-exclusion, product blocks, time checks, and deposit limits are some of the tools used by players.
Along with that, the organization backed proposals presented by the European Commission. The EC proposed a new anti-money laundering authority and supervisory system for Europe. An Anti-Money Laundering Authority is part of the proposals presented by the European Commission in its quest to tighten controls in the continent.
The EC said the creation of AMLA will make it easy for AML and financial intelligence bodies to check whether businesses in member states adhere to EU rules. It will also allow these bodies to monitor cross-border money flows.