Session Title

Session 1-4-B: Evaluating Responsible Gambling Frameworks

Presentation Type

Paper Presentation

Location

Park MGM, Las Vegas, NV

Start Date

23-5-2023 3:45 PM

End Date

23-5-2023 5:15 PM

Disciplines

Business Law, Public Responsibility, and Ethics

Abstract

Since 35 years Responsible Gambling is one of the issues the industry is dealing with. However it is still something the greater part of the industry is still struggling with no matter if we talk about the land based casino industry or the lotteries or the online gambling and betting industry.

A couple of years, under the influence of the United Nations, ESG came up. Environmental, Social and Governance criteria comprise a set of standards socially responsible investors/ operators use to evaluate a company/ operator based on the three main criteria. Combined they help assess the social responsibility effort of investors/ operators. A limited number of gambling and betting operators have adopted ESG standards so far.

What is ESG in a nutshell? Where should we have the focus on? What does it mean to be ESG compliant? And what is the most important part of it? Responsibility and Sustainability are keywords these days. Accreditation and certification standards play an important role these days. More insight will be given on ECA (European Casino Association), EL (European Lotteries ) and G4 (Global Gambling Guidance Group) standards.

Author Bios

Pieter is a pioneer and a veteran in the field of RG, consultancy and training of gambling industry professionals. He has been involved since in this since 1988.

He works all over the world and in 2003 was the initiator of G4 (Global Gambling Guidance Group) and international accreditation and certification system on Rg forthe entire gambling, betting and lottery industry.

Funding Sources

None

Competing Interests

Noner

Comments

None

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May 23rd, 3:45 PM May 23rd, 5:15 PM

Do we need to broaden RG to ESG or is there too much on the operator's plate at the moment?

Park MGM, Las Vegas, NV

Since 35 years Responsible Gambling is one of the issues the industry is dealing with. However it is still something the greater part of the industry is still struggling with no matter if we talk about the land based casino industry or the lotteries or the online gambling and betting industry.

A couple of years, under the influence of the United Nations, ESG came up. Environmental, Social and Governance criteria comprise a set of standards socially responsible investors/ operators use to evaluate a company/ operator based on the three main criteria. Combined they help assess the social responsibility effort of investors/ operators. A limited number of gambling and betting operators have adopted ESG standards so far.

What is ESG in a nutshell? Where should we have the focus on? What does it mean to be ESG compliant? And what is the most important part of it? Responsibility and Sustainability are keywords these days. Accreditation and certification standards play an important role these days. More insight will be given on ECA (European Casino Association), EL (European Lotteries ) and G4 (Global Gambling Guidance Group) standards.