BGC AGM - Andrew Rhodes speech

This speech was a statement by Andrew Rose, a director of Andrew Rose at the Gambling Gaming Council (BGC) on February 29 (Thursday).

Note: This speech indicates how it was prepared, and it could be slightly different from the spoken version.

Thank you for introducing this way. Now, in front of you, we talk about some fields we want to focus on at the European Commission, look back on the progress we have achieved, and talk about the shining work. I am happy. Before the data, I would like to pray for Bridid's future success, using probability as the BGC chairman ends. Interaction between regulatory authorities and regulatory industry groups can sometimes be difficult. But each time she was eager to be constructive. Even if it's not a simple arrangement, it costs a lot of money.

I think that now I can do more constructive jobs than at this time, which has been three years since I started to serve as the chairman. The last few years have been difficult, and it has not been a good background for building relationships. The epidemic epidemic, the revision of the laws related to gambling, the endless stage of waiting for the "White Paper", some major events, the composition of financial history, and the unagening discussions on gambling. There are only a few hidden behind it.

In the relationship between the regulatory authorities and the sector of the IT regulation economy, other stakeholders who have all the possibilities that have quite powerful considerations about whether they are actually essential to create regulatory authorities. I have every effort every time nearby.

What we are aware of, to disclose our own commission and make it colorless and transparent in our own reason and work. We are still talking about fields we will learn in the future and fields that may make us anxious. I regularly communicate with almost all of the people at this venue, or if I can, as well.

I don't talk for a long time today. I want to take the time of the question as much as possible. Of course, this is purely myself.

But at the beginning, we'll easily talk about how we all have been produced in recent years.

In the past two years, especially in the last 12 to 18 months, there are significant differences in the compliance level of businesses we have evaluated, especially in the past, which needed improvement. The situation is more positive.

From next year, the European Commission will pay special attention to businesses classified as level 2, 3, and 4. We are concerned that some of these areas have a declining compliance level, and shows that some of these operators may have more risky customers. There is also data.

From the perspective of regulatory authorities, it may not be acceptable for businesses to make changes or investment to improve the standards, but at the same time, other businesses in the same market use low standards. You can also observe whether you are running away. This is what we will focus on next year.

I think we can build another relationship with you, that is, the industry we are regulating. You need a more open, cooperative, mature relationship. It is a relationship that can quickly express the problem and solve it. When we see problems that are concerned and interest, we can have a true dialogue on what to do. This is the essence of what I explained in 2022 in the principle of "Compliance First Chance". In other words, it is an important means of breaking away from an approach based on a forced performance to an approach that aims to improve as soon as possible, and forced measures are not realized. Therefore, I think that many of the people who attend today have already noticed, but I and the executive department meet more frequently, visit each branch or office, and discuss important problems. I came to collect. And I hope this approach is already fruitful. < SPAN> In the past two years, especially 12 to 18 months in the past, there have been significant differences in the businesses we have evaluated, especially in the past needed improvement. The situation is more positive.

From next year, the European Commission will pay special attention to businesses classified as level 2, 3, and 4. We are concerned that some of these areas have a declining compliance level, and shows that some of these operators may have more risky customers. There is also data.

From the perspective of regulatory authorities, it may not be acceptable for businesses to make changes or investment to improve the standards, but at the same time, other businesses in the same market use low standards. You can also observe whether you are running away. This is what we will focus on next year.

I think we can build another relationship with you, that is, the industry we are regulating. You need a more open, cooperative, mature relationship. It is a relationship that can quickly express the problem and solve it. When we see problems that are concerned and interest, we can have a true dialogue on what to do. This is the essence of what I explained in 2022 in the principle of "Compliance First Chance". In other words, it is an important means of breaking away from an approach based on a forced performance to an approach that aims to improve as soon as possible, and forced measures are not realized. Therefore, I think that many of the people who attend today have already noticed, but I and the executive department meet more frequently, visit each branch or office, and discuss important problems. I came to collect. And I hope this approach is already fruitful. In the past two years, especially in the last 12 to 18 months, there are significant differences in the compliance level of businesses we have evaluated, especially in the past, which needed improvement. The situation is more positive.

From next year, the European Commission will pay special attention to businesses classified as level 2, 3, and 4. We are concerned that some of these areas have a declining compliance level, and shows that some of these operators may have more risky customers. There is also data.

From the perspective of regulatory authorities, it may not be acceptable for businesses to make changes or investment to improve the standards, but at the same time, other businesses in the same market use low standards. You can also observe whether you are running away. This is what we will focus on next year.

I think we can build another relationship with you, that is, the industry we are regulating. You need a more open, cooperative, mature relationship. It is a relationship that can quickly express the problem and solve it. When we see problems that are concerned and interest, we can have a true dialogue on what to do. This is the essence of what I explained in 2022 in the principle of "Compliance First Chance". In other words, it is an important means of breaking away from an approach based on a forced performance to an approach that aims to improve as soon as possible, and forced measures are not realized. Therefore, I think that many of the people who attend today have already noticed, but I and the executive department meet more frequently, visit each branch or office, and discuss important problems. I came to collect. And I hope this approach is already fruitful.

It's been a few years since I experienced the worst time of Cobid 19. The world situation is- and gambling is a global industry-it remains uncertain in many ways. In this regard, you are facing business issues. However, while the conditions are improved in accordance with the rules, the situation of the entire gambling business can be improved. By March 2023, in the UK, the first total annual gaming income (GGY) will exceed £ 15 billion. This is 6 or 6 % higher than the latest statistics of Cobid we have. Of course, this does not take into account the various factors facing the industry, not growth. Online GGY increased 13 or 3 % during the same period. And this is compared to the Landbase Sector, and although it has recovered, the number of participants is still decreasing compared to the period to Cobid.

However, this leads to an interesting observation. This is because GGY-growth happened when the participants were stable. I'm not surprised to see how the gambling participation rate will be measured in the near future, but according to the official statistics at that time, as of March 2023, as of March 2023, the overall gambling participation in the past four weeks. The rate is 44 % compared to the period until the end of March 222. < SPAN> It's been only a few years since I experienced the worst time of Cobid 19. The world situation is- and gambling is a global industry-it remains uncertain in many ways. In this regard, you are facing business issues. However, while the conditions are improved in accordance with the rules, the situation of the entire gambling business can be improved. By March 2023, in the UK, the first total annual gaming income (GGY) will exceed £ 15 billion. This is 6 or 6 % higher than the latest statistics of Cobid we have. Of course, this does not take into account the various factors facing the industry, not growth. Online GGY increased 13 or 3 % during the same period. And this is compared to the Landbase Sector, and although it has recovered, the number of participants is still decreasing compared to the period to Cobid.

However, this leads to an interesting observation. This is because GGY-growth happened when the participants were stable. I'm not surprised to see how the gambling participation rate will be measured in the near future, but according to the official statistics at that time, as of March 2023, as of March 2023, the overall gambling participation in the past four weeks. The rate is 44 % compared to the period until the end of March 222. It's been a few years since I experienced the worst time of Cobid 19. The world situation is- and gambling is a global industry-it remains uncertain in many ways. In this regard, you are facing business issues. However, while the conditions are improved in accordance with the rules, the situation of the entire gambling business can be improved. By March 2023, in the UK, the first total annual gaming income (GGY) will exceed £ 15 billion. This is 6 or 6 % higher than the latest statistics of Cobid we have. Of course, this does not take into account the various factors that the industry faces, and is not a growth. Online GGY increased 13 or 3 % during the same period. And this is compared to the Landbase Sector, and although it has recovered, the number of participants is still decreasing compared to the period to Cobid.

However, this leads to an interesting observation. This is because GGY-growth happened when the participants were stable. I'm not surprised to see how the gambling participation rate will be measured in the near future, but according to the official statistics at that time, as of March 2023, as of March 2023, the overall gambling participation in the past four weeks. The rate is 44 % compared to the period until the end of March 222.

What I would like to say to ensure transparency is that many companies and products have declined players. Many companies in many fields are taking action to maintain profits in severe times. Expressing this is not our responsibility as a gaming regulation authorities. But we know that. Regarding transparency, we are interested in gaming and withdrawal restrictions on how consumers realize something that is more transparent. Again, we have not yet shifted to formal permissions or opened a new front to change regulations. However, complaints in such a field are still being received. That's why I want the operator to make an effort to explain to the customer what regulations and restrictions may be faced. Recently, many consumers have the impression that all tests to be undertaken are affordable. We also know that financial risk screening is an important part of customer experience for only a few consumers, but that is not the only reason for customers to be reviewed. Therefore, if the screening is due to the terms of use, AML, or purely commercial reasons, it should be conveyed.

The conversation with your own and your own team, our own observation and anecdotes, the possibility of crimes related to misuse of terms of use, bonuses, and ID fraud seems to be a rapid problem. We are concerned about this problem because this problem can ultimately have various adverse effects on consumers. Therefore, in the next few months, my staff and I will discuss this problem. < SPAN> So, to ensure transparency, I would like to say that many companies and products have declined players. Many companies in many fields are taking action to maintain profits in severe times. Expressing this is not our responsibility as a gaming regulation authorities. But we know that. Regarding transparency, we are interested in gaming and withdrawal restrictions on how consumers realize something that is more transparent. Again, we have not yet shifted to formal permissions or opened a new front to change regulations. However, complaints in such a field are still being received. That's why I want the operator to make an effort to explain to the customer what regulations and restrictions may be faced. Recently, many consumers have the impression that all tests to be undertaken are affordable. We also know that financial risk screening is an important part of customer experience for only a few consumers, but that is not the only reason for customers to be reviewed. Therefore, if the screening is due to the terms of use, AML, or purely commercial reasons, it should be conveyed.

The conversation with your own and your own team, our own observation and anecdotes, the possibility of crimes related to misuse of terms of use, bonuses, and ID fraud seems to be a rapid problem. We are concerned about this problem because this problem can ultimately have various adverse effects on consumers. Therefore, in the next few months, my staff and I will discuss this problem. What I would like to say to ensure transparency is that many companies and products have declined players. Many companies in many fields are taking action to maintain profits in severe times. Expressing this is not our responsibility as a gaming regulation authorities. But we know that. Regarding transparency, we are interested in gaming and withdrawal restrictions on how consumers realize something that is more transparent. Again, we have not yet shifted to formal permissions or opened a new front to change regulations. However, complaints in such a field are still being received. That's why I want the operator to make an effort to explain to the customer what regulations and restrictions may be faced. Recently, many consumers have the impression that all tests to be undertaken are affordable. We also know that financial risk screening is an important part of customer experience for only a few consumers, but that is not the only reason for customers to be reviewed. Therefore, if the screening is due to the terms of use, AML, or purely commercial reasons, it should be conveyed.

The conversation with your own and your own team, our own observation and anecdotes, the possibility of crimes related to misuse of terms of use, bonuses, and ID fraud seems to be a rapid problem. We are concerned about this problem because this problem can ultimately have various adverse effects on consumers. Therefore, in the next few months, my staff and I will discuss this problem.

Once again, in the spirit of transparency, I would like to address the criticism we receive in relation to the Regulatory Code. As you have already read, the Code is a document with some pretty sensible governing principles for regulators. For example, it asks regulators to foster cooperation with the branches they regulate. But sometimes regulators talk to us. In fact, the Code means that we actually talk about branches and encourage the emergence of branches. There are a certain number of comments under this pretext. In fact, I don't think that anyone in this room has had the opportunity to acknowledge that as regulators, we have had the opportunity over the past few years to 'keep' branches, taking into account some of the issues with enforcement that we have seen. We are not here to defend branches for this, for this you have the BGC. The BGC code is focused, so we bring our work in this way to help you answer the claims and develop it. But before that, I would like to continue with a question: if the role does not change for several years, taking into account the figures that I mentioned earlier, what increase, according to you, should you own, but you don't have? As some of the indications show, a more mature, more public discussion does not in fact make everything easier. Often, when the difficulties are not so obvious, they are difficult to solve. An example of a difficult problem that is not easy to solve is probably illegal online gambling.

Today in this room, there are different opinions on the scale of illegal online gambling in England. We, the European Commission, are endorsing illegal gambling with strategic risks that undermine the legal foundations and create an unequal situation for you. I think that all of you who are here now and will read this speech later will agree that we are all forced to seriously touch upon this fact. The main target of online illegal operators, at least in England, is considered to be people who are otherwise vulnerable, especially those who liquidate themselves, and the fight against these websites is considered to be a major part of our work in this direction.

For our part, the Commission has stepped up its efforts in this area, emphasizing more resources following the latest assessment on tariffs, as well as establishing important links with other departments and regulators to address the issue at a higher level. I am also very pleased that the Government has found a place in the Criminal Justice Bill, which is currently working its way through Parliament, to provide additional powers to direct illegal websites.