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Legal
June 19, 2020
Mandatory Loss Limits and Minimum Spin Speed Among New Regulations Proposed by UKGC
Following an update on the Industry Challenges initiative, the UKGC has proposed new measures towards safer gambling. Gambling Industry “Challenges Initiative” Receives an Update The UK Gambling Commission has posted an update on its “Industry Challenges” initiative. The initiative, which was launched back in October, now has an updated paper published by the UKGC. The […]
Legal
June 18, 2020
UK Gaming Industry Opposes the Additional Restrictions Offered by MPs
The UK gaming industry disapproves of the recently proposed restrictive measures by the country’s MPs. The industry points out that such measures are unnecessary but also adds that the country’s market is already heavily regulated. New Restrictive Gambling Measures Rejected by Industry Earlier this week, additional restrictive measures on gambling were proposed by Members of […]
Casino
June 12, 2020
Gambling in the UK Keeps Declining Says Latest GC Report
A report by the UK Gambling Commission compares the results of people interviewed in April and May 2020. Based on the report, a decline in the time spent gambling observed in the UK gambling industry. GC’s Survey Comparing April-May Results Marks a Decrease in Gambling Newly posted data by the UK Gambling Commission shows a […]
Legal
May 30, 2020
UK Gambling Commission: Player Protection Investigation Leads to Company Closure
The UK Gambling Commission has been using all of its delegated power to force gambling operators to comply with regulations regarding establishing a safer environment, dishing hefty fines to companies for failing to meet their obligations, accumulating nearly $60 million from 2014 to 2019 in penalties. VIP Status behind the Excessive Losses Yet, this fact […]
Casino
May 30, 2020
Online Gaming on the Rise According to UKGC Statistic
UKGC statistic shows increase in remote casino operations in the country. At the same time, decreased numbers are observed in total GGY and number of premises for the UK. Remote Betting, Remote Bingo and Remote Casino Mark an Increase Gambling industry statistic released by the United Kingdom Gambling Commission (UKGC) has marked an increase in […]
Legal
May 13, 2020
GVC Praises Additional Guidance by UKGC in Response to Lockdown
GVC Holdings welcomes the publication of additional guidance to the industry released by the UKGC during lockdown time, and endorses the additional focus on protecting customers. New Gambling Commission Measures Seek to Eliminate Gambling Harm Leading gaming company GVC Holdings has made a statement welcoming additional regulatory guidance introduced by the UK Gambling Commission (UKGC) […]
Legal
May 6, 2020
FSB Agreed to £634,300 Settlement with the Gambling Commission
The gambling industry in the UK received yet another warning from the Gambling Commission, this time that if they do not carefully manage third party operations they are responsible for, they will face regulatory action. And the warning, as it is the common case recently, did not come cheap to the perpetrator, FSB Technology, which […]
Legal
April 2, 2020
Caesars Agreed To £13M Regulatory Settlement For Systemic Failures
The UK Gambling Commission has announced that Caesars Entertainment accepted to pay a mammoth £13 million penalty for systemic failings with regards to social responsibility, money laundering and customer interaction. Three senior members of management have also lost their Personal Management Licenses /PML/ due to the failures that happened between 2016 and 2018. Putting Customer […]
Lottery
March 13, 2020
UKGC: National Lottery Timetable Dates Indicative Only
A possible delay in the tender process that is about to select the operator for the UK National Lottery for 14 years, starting from 2023, has provoked concerns among potential bidders, claiming any delay favours the current operator. Two Months Less To Transfer Operations The timetable for the bidding process, a procurement-type questionnaire drafted by […]
Legal
March 13, 2020
UKGC Hits Betway With Record £11.6 Million Penalty
Renowned United Kingdom-based online gambling operator Betway has been slapped with a record £11.6 million-fine by the country’s gambling regulator. According to the UK Gambling Commission, the company received the fine for failures related to social responsibility and money laundering with a key focus on how the gaming operator treated seven of its high-spending customers. […]