The founder and former chief executive of Paddy Power has criticised the company’s response to online problem gambling, the Times has reported.
Stewart Kenny, who co-founded the bookmaker and was on the board until 2016, also called on the industry to limit the amount of money people lose online.
He told The Times that mandatory limits were needed on money deposited online and a cooling-off period should be imposed before the caps could be changed.
“Forcing customers when opening their account to set their own limits on how much they can top up their account with before betting again would give them time to think and cool off rather than trying to chase their losses,” he said.
“If the gambling industry are in any way serious about doing something practical on gambling addiction they should not have any problem with this suggestion. The present system of voluntary deposit limits simply hasn’t worked.”
His comments are expected to expand the debate on gambling in the UK, which has mostly focused on FOBT odds, towards online gaming.