Stewart Kenny, the co-founder of Paddy Power, has launched a scathing attack on the UK government's proposed betting reforms, describing them as "shambolic" and "ill-conceived". The gambling industry veteran warned that the changes could have catastrophic consequences for the sector.
In a blistering critique, Kenny accused ministers of failing to understand the industry they're attempting to regulate. "These reforms show a complete lack of insight into how betting actually works," he said. "It's policymaking by soundbite rather than substance."
Industry Under Threat
The controversial reforms, which include affordability checks and stake limits, could force many betting shops to close their doors permanently. Kenny argued that the measures would simply drive gamblers towards unregulated offshore operators.
"Instead of protecting vulnerable people, these changes will push them into the arms of black market operators who don't carry out any checks at all," he explained. "It's the worst possible outcome for everyone involved."
Call for Evidence-Based Policy
Kenny called for a more measured approach to gambling regulation, urging the government to base its decisions on proper research rather than political posturing. "We need evidence-based policy, not knee-jerk reactions," he stated.
The industry stalwart also warned about the potential job losses that could result from the reforms, with thousands of positions at risk across the UK's betting shops and online platforms.
As the debate over gambling regulation intensifies, Kenny's intervention adds significant weight to industry concerns about the direction of government policy. With his decades of experience in the sector, his warnings are likely to resonate with policymakers and punters alike.
