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Industry
August 11, 2022
UKGC Fines Smarkets for Breaching AML and Social Responsibility Rules
The UK Gambling Commission has hit Smarkets with a £630,000 ($770,000) fine after an investigation by the regulator uncovered failings in social responsibility and anti-money laundering. Additionally, the operator received a formal warning and will have to undergo an audit. Smarkets Didn’t Provide Source of Funding Checks on Its Customers According to the UKGC, Smarkets […]
Industry
August 5, 2022
UK Gambling Commission Posted Latest Quarterly Operator Data
The Gambling Commission published the latest data related to its ongoing effort to monitor changes in gambling behavior as a result of the current environmental factors in the UK. Quarterly Gambling Data Tracking gambling data on a quarterly basis since March 2020, the Commission published data gathered from online and in-person operations at Licensed Betting […]
Casino
August 3, 2022
UKGC Fines LeoVegas £1.32M for AML, Social Responsibility Breaches
The gambling watchdog in the UK, the Gambling Commission, announced today a financial penalty against LeoVegas. UK Gambling Commission Imposes a Financial Penalty The Gambling Commission uncovered social responsibility and anti-money laundering failures. This resulted in a £1.32 million ($1.61 million) financial penalty against LeoVegas, the operator that is running leovegas.com, slotboss.co.uk, pinkcasino.co.uk, betuk.com and […]
Industry
July 27, 2022
UKGC: Problem Gaming at 0.2% with Slight Fluctuations
Britain’s Gambling Commission (UKGC) reported that problem gambling rates remain at 0.2%. This number is based on the Commission’s latest survey which saw it question 4,018 locals. Overall Rates Remain Low The UKGC questioned its respondents by phone and inquired about their gambling. In accordance with the Problem Gambling Severity Index, the Commission asked three […]
Industry
July 22, 2022
UKGC Advised Licensees to Better Handle Complaints
The Gambling Commission in the UK issued advice to licensees to remind them of existing rules and guidance, as well as give them tips on how to handle customer complaints. Review Identified Areas for Improvements The Gambling Commission acted on the findings of its review of complaints policies which showed areas where incumbents can improve […]
Industry
July 8, 2022
UKGC to Change Its Approach to Penalties and Consultations
Tim Miller, the executive director of Britain’s Gambling Commission (UKGC), announced that the regulator will change the way it imposes penalties. According to Miller, this will help the industry by forcing operators to remain compliant and relieving gambling harm. Miller Said the UKGC Will Rethink Its Approach Miller made his announcement at the CMS […]
Sports
July 7, 2022
Bet-at-home Has License Suspended Pending Review
Frankfurt-based sports betting operator bet-at-home is facing serious regulatory headwinds in the United Kingdom with the country’s gambling regulator suspending the company’s UK license. The UK Gambling Commission (UKGC) cited failings in the anti-money laundering practices and social responsibility, which have prompted the decision. Bet-at-home’s Active Operations Take Hiatus in the UK The UKGC confirmed […]
Legal
July 5, 2022
UKGC, DCMS Clash over National Strategy to Reduce Gambling Harms
During a recent meeting, the boss of the Digital, Culture, Media, and Sport Committee (DCMS) clashed with the UK Gambling Commission’s (UKGC) boss over claims for insufficient effectiveness and transparency. Allwyn’s License Win Brings Legal Challenges The meeting took place last week Thursday and consisted of a debate between DCMS’ chair, Julian Knight and UKGC’s […]
Industry
June 30, 2022
SportsBroker – Responsible But Still Unlicensed
SportsBroker, a virtual stock market for sports shares that “rise and fall based on team performance” continues to be operational in the UK, despite lacking a license, EGR reports. According to regulators, the company’s offerings do not constitute gambling. SportsBroker Is Yet to Receive a License SportsBroker is a company that introduces a novel form […]
Legal
June 30, 2022
Camelot to Continue Its Battle Against UKGC in October
Camelot, UK’s former National Lottery license holder, has vowed to go forth with its legal battle against the country’s regulator even though the UK High Court decided to lift the ban on the license transition and give it to Allwyn after Camelot held it for 28 years. The Case Is Set to Resume in October […]
