Gambling group sees its customers lose £6 million a day in bets

Gamblers are losing £6m per day to betting giants: Huge haul is raked in by group that owns Paddy Power and Betfairhelping it to triple profits

Gamblers have been losing £6million a day to the betting group which owns Paddy Power and Betfair – helping it to triple profits.

Flutter, which also owns Sky Bet, reported yesterday that losses by its UK and Irish punters jumped by a third to £1.1billion in the first six months of 2021.

The figure helped its profits rocket to £77million compared to £24million in the same period last year – which was then a record.

Outraged MPs and campaigners fighting gambling addiction said Flutter was cashing in on the ‘distress and suffering’ of vulnerable punters and called on the Government to take radical action.

Yesterday industry watchdog the Gambling Commission put out a fresh warning to betting firms to be ‘extra vigilant’ because consumers are ‘vulnerable’ as Covid restrictions are lifted and family finances remain under pressure.

Flutter’s results covered part of the Euro 2020 football tournament when gambling companies were criticised for bombarding fans with adverts on TV and social media.

Irish betting giant Flutter now has 3.3million active customers in the UK and Ireland – up 44 per cent in a year

Irish betting giant Flutter now has 3.3million active customers in the UK and Ireland – up 44 per cent in a year

It comes weeks after the Daily Mail – which has campaigned against predatory gambling firms – revealed that father-of-two Luke Ashton, 40, of Leicester, took his life in April after becoming ‘consumed’ by Betfair betting bonuses.

The Government is preparing to make sweeping changes to the laws governing the industry, with proposals expected later this year.

There are close to 400,000 gambling addicts in the UK – including 55,000 children – and 2million more are at risk of harm.

Ministers are expect to consider proposals such as new consumer ombudsman, bans on VIP bonuses for big losers and an end to football shirt sponsorship. Maximum stakes may also be imposed.

The industry is fending off any changes that could hit profits, which boomed during the pandemic as new punters – bored at home in lockdown – flocked to bet online.

労働党議員キャロリン・ハリス, chairman of the parliamentary group battling gambling harm, 前記: ‘I am worried the pandemic has created a new pandemic of gambling addiction.’

Flutter, which owns Paddy Power, Sky Bet and Betfair, customers have been losing £6 million a day to the betting group in 2021 これまでのところ

Betfair

Flutter, which owns Paddy Power, Sky Bet and Betfair, customers have been losing £6 million a day to the betting group in 2021 これまでのところ

彼女は付け加えた: ‘Now is the time for the industry to be held to account for the misery and devastation that they cause to the lives of vulnerable people.’

Bishop of St Albans, Dr Alan Smith, who speaks for the Church of England on gambling issues, 前記: ‘The lockdown has been a gift to the gambling companies.

‘What their eye-watering profits don’t tell is the financial cost to the Treasury caused by gambling-related harms nor the many people whose lives have been devastated by gambling addiction.’

Irish giant Flutter now has 3.3million active customers in the UK and Ireland – up 44 per cent in a year – but it stressed that the average spend had fallen and it was investing significantly in tackling problem gambling.