Tag Archives: The UK Gambling Commission (UKGC)

Neil McArthur: Finance industry has a key role to play in player protection

Neil McArthur, the chief executive of the UK Gambling Commission (UKGC), has urged the UK finance industry to join a ‘multi-sector collaborative approach’ to tackle gambling-related harms, stating that ‘there is always more that can be done’ to protect vulnerable customers. Building on the previous efforts to ban gambling with credit cards, the UKGC CEO addressed the ‘important role’ that …

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UKGC highlights concerns on increased machine interactions post-lockdown 

Tracking the performance of all licensed gambling verticals, the UK Gambling Commission (UKGC) has revealed that July saw a ‘slight month-on-month decrease’ in the amount spent by consumers on online gambling (including online slots).  The UKGC has published further data on gambling consumer habits and operator engagements registered across land-based and digital verticals for the period of May-to-July 2020. “Gambling …

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Gambling.com maintains momentum against COVID-19 impacts

Gambling.com Group has praised its ability to overcome the challenges posed by the global pandemic, reporting a ‘record performance’ during Q2 2020. Publishing its interim results for the period April – June 2020, Gambling.com declared revenues of €5.69 million, up from €4.42 million in Q2 2019, marking an 29% increase. Total revenue for the six months from January – June …

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Winning Post: A tale of three reports for UK betting

Industry strategic consultancy Regulus Partners gives an overview of last week’s Lords Select Committee report, and how casinos may have found a silver lining amid parliamentary rows over research, prevention and treatment of harmful gambling. UK: Regulation – peer review reveals path to redemption? This week was a tale of three reports for Britain’s gambling industry as in turn the …

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UKGC reaffirms commitment to making progress on tackling problem gambling

The UK Gambling Commission is considering ‘additional steps’ in protecting vulnerable gamblers, after the regulator was branded ‘toothless’ and in need of a ‘radical overhaul’. Issuing its response to a report published by the House of Commons Public Accounts Committee, the UKGC has reiterated its commitment to making ‘further and faster progress’ in tackling problem gambling. A spokesperson from the …

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Winning Post: Pre-COVID fragility doesn’t bode well for UK gambling

Regulus Partners begins the week by looking at the gambling industry’s perceived fragility pre-COVID and the Swedish ministerial ‘climb down’ on deposit and bonus limits. UK: Regulation – Daily Mail relieves Gambling Commission of duty It seems that one of the effects of Covid-19 has been an abacus shortage in officialdom, so little do matters add up anymore. This week, …

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UKGC gambling statistics highlight retail declines

The UK’s retail betting sector has continued to bear the brunt of last April’s FOBT ruling, with data released by the UK Gambling Commission (UKGC) showing a 12.1% decline in the number of shops between March 2019 and October 2019. The number of betting shops on the UK high street dropped to 7,315 in September 2019, while the total number …

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UKGC wipes ‘disproportionate’ Royal Ascot fines for on-course bookies

In light of the challenges facing on-course bookmakers as a result of the coronavirus crisis, the UK Gambling Commission (UKGC) has confirmed that it will review the fines issued to seven bookmakers at last year’s Royal Ascot. The seven bookmakers had reportedly allowed a 16-year old to place a £5 bet at the Royal Ascot festival. Initially, the UKGC ordered the bookmakers …

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Revolut suspends all UK gambling payments

Following the UK Gambling Commission’s (UKGC) credit card ban, Fintech ‘neobank’ Revolut has confirmed that it has suspended all payments to and from UK gambling sites, transacted through its popular app. Revolut this week informed its users that UK customers ‘won’t be able to use their Revolut cards for any online or offline gambling payments in the UK’. The statement …

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UKGC suspends two licences over failure to integrate GAMSTOP

The UK Gambling Commission (UKGC) has confirmed that it has suspended two operator licences with immediate effect for failing to fully integrate the GAMSTOP self-exclusion scheme. Earlier this year, the UKGC notified all online operators that participating in GAMSTOP by 31 March was a requirement of their licence conditions and social responsibility code provision 3.5.5. The suspended incumbents are Dynamic, …

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