David Clifton is quoted in an iGaming Business article by Jake Pollard entitled “A credit to the Commission?” (that you can download below).
The article examines what sort of impact the ban on the use of credit cards to fund online gambling is likely to have on the industry and on problem gambling rates when it comes into force on 14 April 2020. In quoting David, it states:
As David Clifton of industry consultancy Clifton Davies points out, credit card payments have always been forbidden in land-based casinos and bingo halls.
Few would suggest it’s had much of an impact on these sectors. As such, he says, the online sector will not see the sort of substantial impact that some have predicted.
But, he says, just as important will be the fact that “banks and other financial institutions are playing their part in protecting customers from encountering problem gambling issues. This means confidence and trust will develop and some degree of common ground can be found” between all stakeholders. This should lead to more collaborative projects, reduce in-fighting and benefit the sector across the board.
You can read more about the forthcoming credit card ban in our previous website posting here.