The Gambling Commission is playing hardball with the Rank Group as it imposes a £5.85m fine for social responsibility and anti-money laundering failures at subsidiary Daub Alderney. The regulator is adamant that gambling operators will face the full consequences of regulatory failures, even if breaches occurred prior to ownership, however Rank believes that there are both equity and public policy …
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Licensing expert David Clifton, Director at Clifton Davies Consultancy, tries to read the runes (or the many strategy documents) to discern what the new Gambling Commission (UKGC) CEO has to deal with during his 18 month tenure. The last month has seen the arrival of a new, albeit ‘interim’, Chief Executive at the Gambling Commission. With an employment background of …
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The UK Gambling Commission (UKGC) has published its latest ‘impact report’ tracking online gambling behaviours during the COVID-19 pandemic as the UK government eases National Lockdown orders. Tracking the month of April, the Commission recorded a total online gambling GGY of £560 million, up 3% on March’s corresponding results of £546 million. April’s total GGY growth was attributed to ‘a …
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The UK Gambling Commission (UKGC) has published its full consultation and evidence disclosure on its decision to ban gambling credit card transactions from 14 April 2020. A key 2020 judgement, The Commission stated that its review had been undertaken focusing on the objectives of its ‘Business Strategy 2018-2021’ – to protect the interests of consumers, raise all-round industry standards and …
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Tim Miller, the Executive Director of the UK Gambling Commission (UKGC) leading research and policy development, has outlined the regulator’s principal objectives which will spearhead its new ‘Corporate Strategy’. The first UKGC executive to speak following this month’s abrupt departure of chief executive Neil McArthur, Miller addressed industry executives and wider business stakeholders at the CMS Law Gambling Conference. The …
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The UK Gambling Commission (UKGC) has published its latest ‘market statistics report‘, as it continues to monitor gambling trends under lockdown. The Commission has published its market statistics since the beginning of the COVID-19 pandemic, tracking the UK’s gambling activity from March 2020 onwards. Publishing January and February statistics, the UKGC cites a continued decline in online gambling participation as …
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The UK Gambling Commission (UKGC) has alerted its network of partners that it seeks to recruit ‘12 lived experience advisors’, helping its research unit gain a deeper understanding of the social intricacies of gambling addiction. The roles have been promoted on the UKGC’s job board, with the advisors forming a critical component of the Commission’s ongoing ‘Lived Experience Advisory Group’ …
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The UK Gambling Commission (UKGC) has published a further ‘market update’ tracking how COVID-19 has impacted gambling behaviours and participation across the UK. Since March, the Commission has gathered data from licensed betting operators (retail and online) representing 80% of the UK gambling’s regulated marketplace. The UKGC has maintained that its market updates reflect how ‘gambling behaviours evolve as the …
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The UK Gambling Commission (UKGC) has hailed the success of its revamped ‘online service’ which has helped licensed incumbents manage and maintain their compliance obligations. The service, which was launched in November 2019, provided a digital hub for companies to manage all provisions related to their personal licence maintenance processes. Since its launch, the UKGC revealed that it has drastically …
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After a Gambling Commission investigation, online gambling operator Betway has agreed to pay £11.6m, alongside implementing a package of measures, for a series of social responsibility and money laundering failings linked to dealings with seven of its high spending customers. The regulator said that in one instance, the operator had failed to carry out source of funds checks on a …
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