A template letter to MPs, the author of which is not yet known, has called on lawmakers to pressure the Gambling Commission to rethink its current betting review due to the financial impact on horse racing. The sport is set to be dealt a heavy blow by potential gambling reforms, in the form of a possible £60 million loss, at …
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As the world ground to a halt due to the COVID-19 pandemic, the online gambling industry has seen a rapid increase in the number of players, and as a consequence more compliance and fraud breaches, writes Sumsub co-founder Jacob Sever (pictured). The lockdowns imposed to halt the spread of the virus were a “recipe for disaster” for the gambling industry, …
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Regulus Partners observes new UK gambling sector realities drawn from improved granular statistics monitoring industry disciplines. Meanwhile, the strategic consultancy analyses the many binding narratives which will drive the forthcoming government review of the 2005 Gambling Act… __________________ The GB Industry Statistics to March 2020 have further improved granularity, especially in quarterly reporting. Adjustments still need to be made (especially …
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The UK Gambling Commission has come in for extreme criticism from a group of MPs reporting on how gambling regulation is protecting vulnerable people. The regulator is described as ‘toothless’ and in need of a ‘radical overhaul’. In a report published this morning, the House of Commons Public Accounts Committee also branded the Department for Digital, Culture, Media & Sport …
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The UK Gambling Commission (UKGC) has this afternoon reminded operators that its ban on credit card transactions applies to all-digital payment processing services. Having implemented licensing condition 6.1.2 on 14 April 2020, the UKGC underlined that its credit card restrictions apply to all-digital payment services including – e-wallets, e-money transfers, mobile banking apps and further Fintech services that allow credit …
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The Gambling Related Harm All Party Parliamentary Group (GRH APPG) has outlined its 2020 strategy, as it continues to campaign for a reduction in gambling related harm. Carolyn Harris MP was re-elected as Chair of the Group. The Rt Hon Sir Iain Duncan Smith MP, Ronnie Cowan MP, Lord Foster and Sammy Wilson MP were also elected as Vice-Chairs of …
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Neil McArthur, chief executive of the UK Gambling Commission, has emphasised the need for standards to be raised among overseas gambling businesses targeting British consumers. Speaking at the ARQ Gaming Compliance Forum in Malta, McArthur highlighted three key strategic focus areas to drive the standards of the latter, stressing that “the MGA share our concerns”. This follows a study undertaken …
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The UK Gambling Commission (UKGC) has confirmed that a ’12-week consultation process’ will commence in mid-August, which could result in the banning of credit card used for wagering purposes. The confirmation of the consultation follows on from a call for evidence which the UKGC launched back in February of this year, in which the Commission sought to gain insight from both …
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Published in its latest interim report, GambleAware has conducted research into the impact that different forms and frequencies of gambling adverts had upon children, young people and vulnerable adults. The research, carried out by two consortia led by Ipsos MORI and the Institute for Social Marketing at the University of Stirling, found that lotteries and bookmakers are among the highest …
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The controversial cancelling of antepost bets by BetBright when the Irish based operator closed down earlier this month is to be rectified after the stepping in of Gibraltar-based bookmaker BetVictor. Acting in a ‘personal capacity’, former BetBright Executive Chairman Rich Ricci has partnered with BetVictor to announce a plan which will enable former BetBright customers to have their Ante Post bets reinstated. Former BetBright …
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