Tag Archives: The UK Gambling Commission (UKGC)

The UK Gambling Commission (UKGC) has ordered White Hat Gaming to pay a £1.3 million regulatory settlement after an investigation identified ‘inadequate anti-money laundering and social responsibility procedures’. The operator’s payment has been made ‘in lieu of a financial penalty’ and will be directed towards delivering the National Strategy to Reduce Gambling Harms. In a statement, the UKGC stated that …

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 …

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 …

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 …

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 …

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 …

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 …