Industry
July 28, 2023
UK Gambling Commission Commits £32.8M to Support GambleAware
In a move to ensure a smooth transition from voluntary funding to a statutory levy, the UK Gambling Commission has pledged a staggering £32.8 million ($41.9 million) to harm prevention charity GambleAware. GambleAware Backs Proposed Statutory Levy for Funding Stability The concept of a statutory levy was introduced as a key proposal in the Gambling […]
Industry
July 27, 2023
UKGC Launches Consultations on Gambling Act Review Proposals
The gambling regulator in the UK, the Gambling Commission, announced the launch of consultations regarding the proposed changes following the review of the Gambling Act in the country. The consultations launched Wednesday and will run for 12 weeks. During that time, the Commission asks gambling operators, health experts, consumers and other groups involved in the […]
Industry
July 20, 2023
UKGC Acknowledges Cashout Issues as “Number One Topic” Raised by Bettors
While players’ ability to cash out funds from their accounts should never be impeded by operators, certain restrictions regarding deposits may be applied, said the United Kingdom Gambling Commission’s director of communications, Lucy Denton. While the commission is busy carrying talks with industry stakeholders regarding the recommendations issued by the Gambling Act review, it is […]
Legal
July 18, 2023
Betfred Fined Over Multiple AML and Social Responsibility Failures
The UK Gambling Commission (UKGC) has issued a £3.25 million ($4.25, current conversion rates) fine to Betfred following an investigation that uncovered a number of social responsibility and anti-money laundering (AML) violations. The commission noted that the failings in question occurred between January 2021 and December 2022. The UKGC listed Betfred’s shortcomings, noting that the […]
Legal
July 17, 2023
UK Gambling Commission Reviews 888 Holdings’ Operating Licence
The future of online betting group 888 Holdings, which owns William Hill, has been cast into uncertainty as its license to operate in the UK comes under review by the UK Gambling Commission (UKGC). Former GVC Executives’ Proposed Appointments Trigger Investigation into 888 The three individuals, Lee Feldman, Kenny Alexander, and Stephen Morana, had previously […]
Legal
July 13, 2023
Star Racing Limited Receives $776K Fine from the UKGC
The UK Gambling Commission (UKGC), the gambling regulator in the country, is tasked with monitoring the compliance of gambling licensees. The work of the commission includes not only monitoring but the implementation of penalties whenever breaches to the established regulations are observed. In addition to fines, the UKGC has the power to suspend or revoke […]
Industry
June 20, 2023
UKGC Publishes Test Hub for Operators Working with Non-Licensed Entities
The new hub has been published on UKGC’s platform under the “Compliance” tab. Its main purpose is to help operators collaborating with entities that are not licensed to fulfill their duties and carry on their responsibilities with more ease. Last month, the Commission announced its intention to fill in evidence gaps under the 2023-2026 plan, […]
Casino
June 15, 2023
Videoslots Receives Hefty Fine in the UK for Customer Protection and AML Failings
Social responsibility failures and AML violations motivated the UK Gambling Commission (UKGC) to issue Videoslots a substantial £2 million ($2.53 million) fine. The penalty reflects Videoslots’ repeated misconduct and the AML’s commitment to enforcing stringent regulations and upholding responsible gambling practices. The operator acknowledged its shortcomings, vowing to implement urgent updates and bring its player […]
Industry
June 14, 2023
Gambling Related Harm APPG Launches an Inquiry into the White Paper
The Gambling Related Harm All-Party Parliamentary Group (APPG) has unveiled an inquiry into the UK’s white paper. Its goal is to see if the government has the right ideas and ability to implement the measures in a timely manner. As announced by the group, the inquiry seeks to assess and analyze the white paper measures […]
Industry
June 8, 2023
UKGC Publishes GGY Report, Highlights Improvements
The UK Gambling Commission has published a report outlining the changes in gambling behavior in response to the current environmental factors in the country. As it turns out, gross gaming yield (GGY) experienced a slight increase in spite of the economic challenges. The data was sourced from operators during the period March 2022 – March […]
