Tag Archives: UK Gambling Commission (UKGC)

EU Lotto fined £760k by UKGC for AML and social responsibility failings

The UK Gambling Commission (UKGC) has taken regulatory action against Lottoland operator EU Lotto, fining the firm £760,000 for social responsibility and anti-money laundering failures.  An investigation by the regulator concluded on 2 September that the company had failed to properly implement Commission’s formal customer interaction guidance, such as neglecting to recognise frequently changing deposit limits as an indicator of …

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Government review identifies ‘lessons to be learned’ regarding Football Index

The UK government has revealed the findings and conclusions of its investigation into the collapse of player exchange platform Football Index, making recommendations to the UK Gambling Commission (UKGC). First launched in April following the decline of Football Index after a number of users abandoned the site, leading to BetIndex entering administration, the Independent Review was led by Malcolm Sheehan …

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Bally’s acquisition of Gamesys to close on 1 October

Bally’s Corporation has confirmed that its takeover of Gamesys Group will reach completion on 1 October, putting an end to the months-long acquisition process. The US sports betting and gaming conglomerate revealed that the M&A process had received regulatory approval from the UK Gambling Commission (UKGC), but added that approval was still required from US counterparts. A court hearing sanctioning …

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Michael Dugher: Gambling ads not singled out by consumers

BGC pledges to maintain safer gambling momentum

The viewing public find advertising to be ‘annoying’ in general, not gambling advertising in particular, according to Betting and Gaming Council (BGC) Chief Executive Michael Dugher. Writing in parliamentary magazine The House, the BGC CEO, and former Shadow Secretary of State for the DCMS, criticised ‘prohibitionists from the anti-gambling lobby’, although acknowledged that the industry is ‘reassured’ by the ‘evidence-based …

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Lord Chadlington joins the shortlist for UKGC Chairmanship

The UK Gambling Commission (UKGC) has published a shortlist for its vacant Chairman position including Conservative peer Lord Chadlington (Peter Selwyn Gummer), former Deloitte board member Marcus Boyle and Responsible Gambling Strategy Board Chair Anna van der Gaag. One of the key responsibilities of the new Chairman will be to coordinate the recruitment process for the new Chief Executive, with …

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UKGC consolidates licensing applications under new service

consultation

The UK Gambling Commission (UKGC) has launched a new service combining all applications for personal licences and Annex A approvals, entitled ‘Apply for a Personal Licence’. Covering both personal function licences (PFL) and personnel management licences (PML) – as well as the aforementioned Annex A – Apply for a Personal Licence is supported by an ‘updated processing tool’ enabling faster …

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Football Index allows customers to withdraw account funds

The website for football player exchange platform Football Index has gone back online after months of inactivity, allowing the operator’s customers to withdraw previously inaccessible funds. BetIndex, Football Index’s parent company, had been involved in extensive deliberations with both its administrators Begbies Traynor and the High Court of England and Wales regarding the final date for the payout of dividends …

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National Lottery contest set to narrow as Sugal & Damani reportedly withdraws

Sugal & Damani, the Indian lottery operator which has been participating in the fourth UK National Lottery licence competition, will reportedly withdraw from the bidding contest, according to The Telegraph. If the firm does withdraw its bid, four participants will remain in the competition – incumbent operator Camelot, former adult magazine publisher Richard Desmond, Italy’s Sisal and Allwyn, the UK …

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David Craven joins Allwyn to digitise National Lottery approach

David Craven is set to take the reins at Allwyn, the UK brand of European lottery provider Sazka Group, ahead of the National Lottery bidding contest.  Craven’s experience at digitising gambling-related businesses was a key factor behind his success as a candidate, having previously served as Managing Director of The Tote and CEO of World Gaming, as well as being …

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