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Industry
January 18, 2021
UK Gambling Operators Criticized for Overstating Black Market Threat
The UK regulatory body said a recent report from PwC exaggerated the size of the unlicensed gambling market in a bid to soften the upcoming changes in the gambling law. Gambling Operators in an Attempt to Prevent Tighter Regulations The UK Gambling Commission (UKGC) has criticised some gambling companies for preparing a “dodgy” report about […]
Industry
January 9, 2021
UKGC Looking to Improve Research Methodology On Gambling Behaviour
The UK Gambling Commission is looking for feedback and guidance on improving its research methodology on gambling behavior and addiction. UKGC Adjusts Research Methodology The UK Gambling Commission (UKGC) is looking to adjust and refine its research methodology on gambling and gambling addiction. To that end, the UKGC has launched a consultation for feedback and […]
Industry
December 19, 2020
Online Market on the Rise Amid Covid-19 Restrictions, the UK Gambling Commission Reports
Figures from the UK Gambling Commission for October show the impact of renewed tightening of Covid-19 restrictions on online and Licenced Betting Operator (LBO) gambling behavior. Real Event Betting Prompts the Rise of the Online Industry Data from the UK Gambling Commission for the period between March and October shows that the online market has […]
Legal
December 16, 2020
Does Iain Smith Want to Ban the UK Gambling Commission?
In a recent publication, conservative MP Iain Smith proposed the UK Gambling Commission be replaced with an independent regulatory body that monitors the industry. Furthermore, in light of the ongoing review by the Government of the Gambling Act, Smith urged for bold actions. Can an Independent Regulatory Body Replace the UKGC? UK MP Iain Duncan […]
Industry
December 4, 2020
Gambling Review in the UK Starts on Monday, December 7
The United Kingdom will begin its Gambling Act review on Monday, December 7 in what is the broadest regulatory move the gambling industry on the island has seen since 2005. Gambling Act Review Begins on Monday The long-anticipated review of the Gambling Act will launch this coming week and it will put up several important […]
Industry
December 1, 2020
UKGC Statistics Report Showed 8.1% Rise in Online Gambling
The UK Gambling Commission (GC) published its bi-annual gambling industry statistics report showing growth in online gambling. The remote sector with its £5.7 billion in gross gaming yield (GGY) represented 39.9% of the total £14.2 billion generated by the industry during the reported period of April 2019 to March 2020. The overview report in terms […]
Industry
December 1, 2020
Guardian: Punters Bet £700m Less on Gambling Since FOBTs Changes
Provisional data by the UK Gambling Commission has revealed that punters wagered £700 million between April 2019 and March 2020. Yet, the Betting and Gaming Council believes the industry impact has been much bigger than reported. FOBTs Numbers Don’t Drop as Badly, Says The Guardian A new article published in The Guardian argues that punters […]
Sports
November 14, 2020
UK Sports Betting Increase in September, Gambling Commission Says
The UKGC sees increased sports betting activity in September owing to live sports return and reports higher gross gambling yield (GGY) in the month. September’s Live Sports Betting Increases, UKGC Says The United Kingdom has seen a small spike in the country’s sports betting activity, following the return of the Premier League. According to new […]
Business
November 13, 2020
UK Slots Gross Gaming Yield Low in September
Recent data revealed by the Gambling Commission in the UK outlines that the slots gross gaming yield (GGY) in September decreased by 4% when compared to August. In contrast, sports betting GGY in September marked a 15% increase, reaching £189 million. Slots GGY in September Reaches New Low Point Recent numbers by the Gambling Commission […]
Legal
November 11, 2020
UKGC Fines BoyleSports £2.8m for Reported AML Failures
BoyleSports has been fined by the UK Gambling Commission over anti money-laundering compliance failures. The sportsbook has accepted the fine and assisted the regulator throughout the investigation. BoyleSports Fined £2.8m over AML Failure The UK Gambling Commission (UKGC) has issued a stiff penalty to BoyleSports, imposing a £2.8 million fine. The penalty comes in the […]