Online Gambling Company 888 Holdings Under Investigation Over Concerns of Problem Gambling Tools
The Gambling Commission is investigating online gambling company 888 self-exclusion system. The self-exclusion tool allows gamblers to ban themselves voluntarily from gambling. However, there are now concerns being raised by the Commission that 888’s tool on how effective the tool is of blocking gamblers from placing wagers.
Although the investigation is still underway the Commission cannot comment on the process, but since 888 is listed on the London Stock Exchange they were forced to make an announcement. After the announcement was shared a rapid decline of the companies shares declined over 7 per cent.
888 released a statement to the stock market Monday saying that the Commission was reviewing,
“the manner in which a subsidiary of the company has carried on its licensed activities to ensure compliance with the…operating license held by the licensee. The review has been initiated to assess certain measures that the licensee employs to ensure social responsibility to its customers including, amongst other items, effective self-exclusion tools across different operating platforms.”
“The company is dedicated to providing players with a responsible as well as an enjoyable gaming experience and the licensee will be proactively engaged in a cooperative and collaborative manner with the UKGC throughout this review,” 888 added.