Gambling has long been a cause for concern amongst ethical investors. With the advent of the National Lottery and the deregulation of the UK gambling industry there have been claims that addiction to gambling is on the increase in Britain.
Interest in gambling has been highlighted by recent concerns over the increased accessibility of gambling, particularly through the internet and interactive TV, and the discussion over the development of a super-casino’.
It is possible to apply negative screens in relation to gambling, screening out companies involved in gambling. A materiality threshold can be applied – for example avoiding only companies that derive 33% of turnover from gambling. This can include companies involved in the National Lottery.
It may also be possible to engage with companies – for example, to assess how they are addressing issues of under-age gambling.