Tag Archives: The UK Gambling Commission (UKGC)

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 …

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 …

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 …

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 …

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 …

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 …

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 …