VGCCC to hold licensees accountable for gambling harms
The VGCCC has recently published a statement, putting the Australian state’s gambling firms on notice to reduce gambling harms.
Victoria’s regulator mentioned that its latest statement is likely one of the first ones of its kind, through which it has announced that it will be moving forward with its operations with the objective of preventing gambling harms. The VGCCC stated that for the past few decades, gambling harms have been linked to problem gambling and the players’ failure to enjoy the pastime responsibly, which is a narrative the regulator wants to distance itself from.
The statement added that gambling firms often offer harmful gambling experiences to better compete with other companies in the sector, however, the operators’ duties of protecting their players extend past the fact of whether their offerings are legal or not. The VGCCC also mentioned that operators failing to care for the well-being of their users will open the door for the regulator to investigate their compliance levels.
Lastly, the VGCCC stated that it has revamped its decision-making procedures to take the potential negative effects of gambling harms into account on all of the state’s licensing applications. The regulator will also be implementing a number of other initiatives to minimize harm from gambling, such as imposing wager limits, deterring customers from gambling with their winnings, and others.