Flutter Entertainment PLC (FLTR) has announced new safer gambling measures in Ireland that include an outright ban on the use of credit cards on all customer accounts.
Flutter Bans Use of Credit Cards for All Customers In Ireland as Part of New Safer Gambling Measures Flutter Bans Use of Credit Cards for All Customers In Ireland as Part of New Safer Gambling MeasuresThe company has also committed to put 1% of all Net Gaming Revenue (NGR) towards research, education, and treatment of problem gambling by 2023. The company expects to donate €1.25 million in 2021 which could rise to as much as €3 million by 2023.
Explaining why these new measures have been introduced, Flutter UK & Ireland CEO Conor Grant said:
Flutter Bans Use of Credit Cards for All Customers In Ireland as Part of New Safer Gambling Measures Flutter Bans Use of Credit Cards for All Customers In Ireland as Part of New Safer Gambling Measures Flutter Bans Use of Credit Cards for All Customers In Ireland as Part of New Safer Gambling Measures“We have not always got it right as an industry and we must ensure collectively that we are doing all we can to prevent problem gambling. The reality is that protection and promotion measures will continue to evolve over time and new measures will need to be considered to promote moderation, safety and enjoyment in this era of digital gambling.”
News of Flutter’s new measures comes just a few days after Ireland’s Labour Party announced their introduction of the Gambling (Prohibition of Advertising) Bill 2021. If enacted, this bill would ban all forms of gambling advertising in Ireland.
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