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Business
August 25, 2022
Spreadex Fined $1.6M Over AML, Social Responsibility Breaches
Spreadex was the second company in the last two weeks to be fined by the Gambling Commission in the UK after a series of AML and social responsibility breaches were again discovered following an investigation. $1.6M Towards Socially Responsible Causes The Gambling Commission (GC) is responsible for issuing licenses and regulations to gambling operators in […]
Industry
August 18, 2022
Stakelogic Live Enters UK, Receives License from the GC
The leading provider of premium live dealer casino content, Stakelogic Live, announced its entry into the regulated gambling market in the UK. Gambling Commission Grants Stakelogic Live Supplier Permit The announcement came today and follows a supplier permit that the operator received from the gambling regulator in the country, the Gambling Commission. Thanks to the […]
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 […]
