Despite seeking to assure caution from the industry through the phased implementation of FRAs, Betting and Gaming Council CEO Grainne Hurst has retaliated by slamming the GC for ‘failing to address the fundamental issues identified during its own pilot’.
Acting CEO Sarah Gardner stated that there is still an eagerness to work with the industry as the integration of FRAs develops.
Yet the BGC has underscored its concerns that industry warnings are falling on deaf ears, Hurst expressed ‘deep disappointment and frustration that the Gambling Commission has decided to press ahead with Financial Risk Assessments’.
She continued: “The fact that the Gambling Commission has delayed implementation, raised thresholds and abandoned its original timetable is a clear recognition that the concerns raised by the BGC and others were well founded. Unfortunately, t..
