Labour would ban gambling with Credit Cards - Watson
Labour's Deputy leader, Tom Watson, will this week publish the conclusions of the party’s review of existing gambling regulations, recommending the total ban of credit card usage when gambling, which campaigners have blamed for causing huge debts for gambling addicts.
“Gambling addiction is this country’s hidden epidemic, but there are too few protections to help people who are suffering or at risk,” said Watson.
“Debt-financed betting on credit cards is wrong. It allows people to bet more than they can afford and particularly affects gambling
addicts. Labour will ban it.”
The full proposals will be published later today.
Gambling chairty, GamblingAware has previously backed the measure, after warning that the use of credit cards “significantly increases the risk gamblers will gamble more than they can afford”.
Chief executive Marc Etches said: “With 430,000 problem gamblers and a further 2m adults at risk of developing a problem, GambleAware is concerned about the impact this hidden addiction has on people’s lives.”
The government has come under increasing pressure to crack down on gambling companies recently, after delaying its implication of the decision to slash the maximum amount on controversial 'fixed-odds' gambling machines down from £100 to £2 per use.