That's one effective way to stop a player from gambling further on that day using that specific account. In such a scenario, a casino can say we did our part. We made it impossible for you to continue playing from your account by respecting the limits you placed on yourself. The player now has no case against the casino and can't claim that they were still able to play despite set limits. If the player has other accounts on the same casino or accounts on other platforms is an entirely different thing that has nothing to do with responsible gambling.
It is like 18+ activities and people who join it are already matured and be responsible for their decisions and activities. There are only options for people to customize their device, applications or account settings and self-limit their activities to point of responsible doing something on their side.
I don't know any commercial platforms, devices, and applications that automatically turn off or exit when hitting daily limit that is set up by the producer or programmer.
It is true with trading on centralized exchanges or betting on online gambling sites. There are warnings and reminders but people have to do it responsible by themselves.