Tag Archives: The UK Gambling Commission (UKGC)

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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Neil McArthur: ‘Best behaviour is paramount during this time of crisis’

Neil McArthur, Chief Executive of the UK Gambling Commission (UKGC), has written to betting leadership urging the industry to maintain the highest operating standards during ‘uncertain and unsettling times’. Updating stakeholders, McArthur explained that the UKGC’s executive team is carrying out an assessment of the industry-wide impact of the coronavirus, which will influence the Commission’s regulatory approach during 2020.   McArthur …

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£58.9m in sanctions issued by UKGC from 2014-2019

According to a freedom of information request submitted by the Gambling Business Group (GBG), the UK Gambling Commission (UKGC) has handed out £58.9m in financial sanctions over a five and a half year period. The request, which was submitted by the GBG two years after the initial approach to the Commission, revealed that a total of £58,946,578 was sanctioned between …

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UKGC suspends Stakers licence over compliance concerns

Citing ‘a number of compliance issues’, the UK Gambling Commission (UKGC) has imposed an interim suspension on the licence of igaming and sports betting operator Stakers. Enforcing sections 116 and 118 of the Gambling Act 2005, the UKGC confirmed that it had ‘commenced a review’ into the Switzerland-based operator, suspending its licence while the review takes place. As a result …

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Winning Post: Adtech kerfuffle highlights need for responsible gambling

Industry strategic consultancy Regulus Partners looks at the launch of Gamvisory, Penn National Gaming’s 36% acquisition of Barstool Sports and the use of adtech in safer gambling initiatives. US: sports betting – a seat at the table or a stool in the corner? This week Penn National Gaming announced that it would take a 36% initial stake in Barstool Sports, valuing …

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UKGC faces pressure to release Betway ownership details

The UK Gambling Commission (UKGC) is facing pressure to reveal the details of Betway’s ownership, with the Daily Mail claiming the operator’s ownership structure is lacking transparency. Betway has recently come under fire from some anti-gambling campaigners regarding its use of gambling incentives. According to the UKGC, however, UK licence holders are required to provide detailed information to the regulator …

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UKGC forms three groups to address safer gambling standards

The UK Gambling Commission (UKGC) has confirmed that it will create three new focus groups to help facilitate the implementation of safer gambling standards. Led by senior leaders in the gambling industry, the three collaboration groups will focus on game and product design, advertising technology and high value customer incentives to gamble. The initiative, which is said to be the …

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GVC tops the list of GambleAware donations for Q1-Q3

Recent figures released by industry charity GambleAware have listed GVC Holdings, William Hill and Flutter Entertainment as the top three donors to the charity for the period 1 April 2019 – 31 December 2019. For the first three quarters of the year, the industry charity had received £7.6m in voluntary contributions, however this does not include funds received through regulatory …

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