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Gambling on more professionalism in the betting industry

By Chris Bailey | Monday 13 January 2020

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Two interesting gambling sector stories over the last day or so. Yesterday there was a report that credit card payments were set to be banned by the Gambling Commission in order to protect troubled gamblers who max out their credit lines in search of funds to keep playing, leading in almost all cases to bad debts and other personal and social ills. The Commission wants electronic payments to be limited to just debit cards and this is undoubtedly eminently sensible. All of this is just another step along the road of professionalism for the gambling industry…

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