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Norway’s state-owned horseracing operator Norsk Rikstoto has proposed for a mandatory monthly spending limit for all customers.
If the cap is implemented, players will be able to bet and lose no more than $2222 every 30 days. However, players could roll over any balance left at the end of this period for up to 90 days.
Lotteri- og stiftelsestilsynet (Lotteritilsynet) has backed the move, with director Henrik Nordal describing it as a “safety net” for those that cannot control their gambling.
“We see the need to clarify [Norsk Rikstoto’s] role here. Norsk Rikstoto’s main duty is to provide a safe and responsible way to gamble. That the horse racing industry benefits from its profits is a consequence, and not a reason, as to why it is one of the few operators licensed to offer real-money gambling in Norway,” Nordal said.
“The high-spending players are gambling too much, and they are losing a lot. They are as much at risk of developing problems as other players, and Norsk Rikstoto has not provided evidence to suggest the opposite. It would therefore be irresponsible to create a special scheme for these players were they can overspend,” he added.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Norway’s Norsk Rikstoto Proposes Monthly Spending Limit for Players
