The UK Gambling Commission has launched a new public consultation which will consider the current regulatory requirements in place for society lotteries to ensure that issues related to the fair and open licensing objective, regarding transparency to consumers, are addressed. The consultation, which was launched on 19 December and will run until 12 March 2020, will make proposals to strengthen …
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The UK Gambling Commission (UKGC) has confirmed that the updated Money Laundering Regulations, which will oversee the implementation of the EU 5th Money Laundering Directive, will come into force on 10 January 2020. The changes to the AML requirements will mean that all land-based and remote casino operators licensed by the UKGC must continue to carry out business reviews ‘and …
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The Swedish Gambling Authority (Spelinspektionen) has launched a new two-week nationwide campaign which will raise awareness of the country’s gambling regulations. The campaign will begin in late December and will last until early January, with ads to feature outdoors, on locations such as billboards, print media and on digital channels. Anders Sims, communications manager at Spelinspektionen, commented: “By telling people …
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The UK Gambling Commission (UKGC) has signed a memorandum of understanding (MoU) with its Swedish counterpart, Spelinspektionen. The new agreement is hoped to strengthen the collaboration between the two regulators, having come into effect on 11 November 2019. Under the terms of the partnership, the duo will collaborate in sharing best practice on areas such as regulatory policies and procedures. …
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Chief Executives from a number of UK betting companies have signed up to a new package of safer gambling commitments, which will place a focus on mitigating the associated risks of gambling. The CEOs from Aspers, bet365, Caesars, Flutter Entertainment, Genting, GVC Holdings, Playtech, Rank Group, Sky Betting & Gaming and William Hill have all committed to the new set …
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In a bid to mitigate the risks associated with online gambling, the Gambling Related Harm All-Party Parliamentary Group (GRH APPG) has requested that a £2 limit is introduced on all online slot machine games. The request follows on from a six-month review into the impacts of problem gambling, with the group underlining that further action from the Government and the …
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The UK Gambling Commission (UKGC) has issued a reminder to industry stakeholders that its call for evidence on its ‘gambling with credit cards consultation’ will close on 6 November. The UKGC officially launched its credit card consultation on 14 August, having completed its initial responses on 24 July, establishing wagering with borrowed money as a risk factor, as consumers can …
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Betfred’s Gibraltar trading subsidiary ‘Petfre’ has been forced to pay £322,000 as part of a ‘regulatory settlement’ having been found to have ‘shortcomings in the application of its AML controls and its policies and procedures.’ The Gibraltar unit is due to make the payment in lieu of a financial penalty following an investigation by the UK Gambling Commission (UKGC). The UKGC investigation …
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The UK Gambling Commission (UKGC) has ensured that it is continuing to ‘support the local community’ after forging a new partnership with Birmingham-based charity, LoveBrum. The charity, first established in 2015, has utilised its funding from the National Lottery Community Fund to support local causes, volunteer-led initiatives as well as helping projects across the city reach funding. Sarah Gardner, executive …
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The UK Gambling Commission (UKGC) CEO Neil McArthur has praised the ‘encouraging increase’ of gambling operators which are utilising both algorithms and machine learning to crack down on gambling related harms. Speaking at the Southbank Centre yesterday, McArthur confirmed that the UKGC plans to launch its next Raising Standards Conference early next year, however called for a bi-annual meeting of CEOs …
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