The UK Gambling Commission (UKGC) has this morning charged TGP Europe Limited a penalty totalling £316,250 for failures in anti-money laundering (AML) and social responsibility measures. The Isle of Man-based business, which manages a white-label network of 19 websites, including the sportsbook brands of Fun88, 12Bet, BK8 and Kaiyun, will also receive an official warning and face added conditions to …

Problem gambling treatment and support charity GamCare has announced two new appointments to expand its board of trustees.  Ahead of the expected publication of the Gambling Review’s White Paper, GamCare has appointed Lester Posner, the current Head of Communications for the Health & Safety Executive, as a new board member and trustee.  A public affairs expert, Posner will advise GamCare …

Spelinspektionen, Sweden’s Gambling Inspectorate, will maintain the current size of its seven-member board of governance. The decision has been approved by Sweden’s ‘Centre-Right Alliance’ government – a coalition formed by the four parties of the Swedish Moderates, Christian Democrats (CD), Liberal Party, and Centre Party. The only change adopted by Spelinspektionen will see long-serving counsellor Per Håkansson appointed as Chairman …

Allwyn UK and Vodafone have announced a partnership to revolutionise the technology infrastructure of the National Lottery for the benefit of consumers, retailers, and good causes. A new National Lottery is set to launch on 1 February 2024, under the stewardship of Allwyn UK. Vodafone, which backed Allwyn’s bid as the ‘connectivity partner’, will power the collaboration to enhance the …

EveryMatrix has confirmed the appointment of Martin Clarke as the new Chief Product Officer (CPO) of its sports betting technology unit OddsMatrix. An expert in all core disciplines related to sportsbook innovation and product management, Clarke is a former Paddy Power Betfair (PPB) executive who has helped pioneer defining features such as Cash Out, Fast Markets, Odds Boost and Bet …

 New ‘technical measures and reforms’ specific to how sports betting businesses can operate will be introduced to Hungary’s Gambling Act (1991). The amendments have been drafted by SZTFH, the Supervisory of Regulatory Affairs which oversees policy development for gaming, tobacco, cyber-security and insolvency practices.   SZTFH reforms are required due to Hungary adopting new legislation in 2022 to liberalise the country’s …

The Betting and Gaming Council (BGC) states that its members will support a mandatory levy to fund Research, Education, and Treatment (RET) services. However, the government must guarantee that the levy is “independent and tiered to protect land-based operators.”  The trade body outlined that for the past two decades, its members have contributed millions in RET funding through a voluntary …

Grupo Codere has notified investors that it must raise €100m in capital as the heritage Spanish gambling firm “finds itself in a probable insolvency situation”.  Yesterday, Codere published an updated ‘reorganisation and refinancing plan’, outlining that a request for €100m liquidity financing to be added to the board’s ongoing ‘2023-to-2027 recovery programme’. Codere maintains that it has achieved the initial …

The recent furore over the spate of affordability checks, their intrusive nature, and quite often the delay in approving withdrawals have created friction points between operators and their customers. As such, punters are reporting AML often only occurs following a win and attempted withdrawal, leading to unacceptable delays in processing. Others claim operators are requesting more documents than a mortgage …

Jaime Rivera Emmanuelli, the Executive Director of the Puerto Rico Gaming Commission, has confirmed the nine organisations that have been granted licences to operate sports betting facilities in the self-governed US overseas territory.  Hosting a press conference, Emmanuelli unveiled Puerto Rico’s new regulatory framework for sports betting, co-developed in partnership with the island’s Sports Betting Bureau. Sports betting in Puerto …