epic risk management gambleaware funding needs a balanced approach

epic risk management gambleaware funding needs a balanced approach

by 11.09.2020 0 comments

Earlier this year, five of the biggest operators in the UK, along with members of the Betting and Gaming Council, confirmed that they will provide £100m worth of funding to improve treatment services via GambleAware.

However there are still questions regarding the best way to spend the money to ensure that it can sustain the industry and provide the ultimate care to punters.

Speaking on the last day of SBC Summit Barcelona- Digital  Paul Buck, the CEO of EPIC Risk Management, explained that applying a balanced approach would be the best way to make the most out of the funding.

He said:  “I think, first of all, that it is a very positive move that there is a much greater investment into research education and treatment and how it’s looked at. I think that’s very positive, I think it’s overdue, but it’s very positive and it’s a good sign of intent from the industry. 

“I think the important thing here for me is getting around the logic of why the full £100m would go to treatment, we know at the moment that there’s only a very small percentage who present themselves for treatment, ranging from around three per cent to six per cent depending on where you look, and I think that by investing it purely into treatment all we are probably doing is creating an environment going forward where we get more and more people falling off the edge of a cliff, and at least they have somewhere to be treated if that amount of money has been invested.

“So, for me I don’t think it’s the right model to put 100 per cent into treatment, and I would personally, if you ask me for figures, go for maybe 60 per cent into treatment, 20 per cent into research and 20 per cent into prevention and education.”

Martin Lycka, the director of regulatory affairs at GVC Holdings, agreed with Buck’s comments, insisting that the funding needs to be balanced appropriately instead of just initially focusing on one specific part of treatment services.

Lycka added: “I believe that the split needs to be more balanced than just whack it all on treatment. More money needs to be spent on treatment not only in the UK but in many other countries that have been the poor sister of prevention, research and education in the last few years, but at the same time it can’t be the case that the other relatives that so far have been better funded would lose that funding.”

The panel, which was moderated by Daniel Bliss, head of external affairs at YGAM, also discussed some of the much needed avenues in which the £100m funding needs to be focused on. Minal Jain, the co-founder of RecoverMe, placed particular emphasis on using the funding to continue investing in new innovative technologies to help facilitate great pathways into treatment.

Jain explained: “I think going forward what we really need to be investing in is, to continue investing in solutions that already work but, to be looking at innovative and disruptive technologies that could potentially change the landscape because we’ll be offering choices to those suffering. 

“They’ll have the ability to access treatment in a different way, they might respond slightly differently but we can also facilitate pathways into treatment.

“So, from my perspective the integration of current services is really important and looking to see how we can embrace technology, like RecoverME for example, is something that we could focus our energies on.”

Buck also acknowledged the need to invest in innovation. He added: “I also agree with Minal that we need to embrace technology I think, either as part of the process or a big part of the process.

“Embracing technology will mean a much greater number of people, a much greater percentage of people, will be able access treatment 24/7 in exactly the same way that they can access gambling 24/7. 

“I’m a big believer in expanding the great stuff that is already going on, but also really embracing technology so that a greater number [can gain access], such as that three per cent getting to ten per cent, twenty per cent, thirty per cent and beyond, going forward in the future.”

Lycka again elaborated on the importance of embracing technology by using the advantages offered by mobile apps as a way to help problem gambling – especially since certain activities, such as group sessions, were impacted by the coronavirus pandemic.

Lycka said: “The bottom being line being that having anonymised methods of obtaining the relevant information, but also having opportunities to talk to the professionals in a way that makes sure that I will not be stigmatised for going and trying to resolve my problem, will ultimately be extremely extremely helpful because there are a lot of people out there that, for very good reasons, are not prepared to share that they have this problem, and at this same time they will be able to resolve, or try to resolve this, by electronic means because they will simply feel much more comfortable with it. 

“It will give them the chance to do something about their gambling problem, whereas if they had to force themselves to attend a gamblers anonymous session, for example, they may not like it, they may not get the most out of it, and unfortunately their problem might develop a little but further.”  

As the panel came to its end, the discussion was brought back to the question of  ‘What’s the best way to spend £100m?’ with Jain concluding that because treatment is an important sector, other funding must be put into the likes of education in order to teach punters and provide a greater awareness of the dangers of gambling. 

“I think that it’s crucial going forward that we have a more balanced approach, like we have discussed today, it can’t all go to treatment. We need to better education, we need better awareness and consequently then we might be treating less people,” commented Jain. 

“That money needs to be spent both sensibly and efficiently with a view to protecting customers’ interests in this space.”

SBC Summit Barcelona – Digital takes place over four days this week (8 – 11 September) and features four main zones – Sports Betting, Casino & Gaming, Payments & Compliance, and Affiliate & Marketing – each of which have their own conference tracks, networking roundtables and interactive expo halls. 

Click here to secure your free pass for the betting & gaming industry’s largest ever virtual event. 

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.

Only registered users can comment.