Tag Archives: The UK Gambling Commission (UKGC)

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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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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