Tag Archives: UK Gambling Commission (UKGC)

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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UKGC identifies advertising as a motivator for a third of British gamblers

consultation

The UK Gambling Commission (UKGC) has published the results of a recent survey, finding that 34% of British bettors admitted to being influenced by advertising. Completed by 6,258 people in March, June, September and December 2020 – including 4,566 who claimed to have gambled in the past 12 months – the survey found that following general advertising, free bet offers …

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Iain Duncan Smith calls for ‘wholesale reform’ of betting and banking oversight

The Centre for Social Justice (CSJ), a think tank led by senior conservative Sir Iain Duncan Smith, has called for the creation of an ‘independent ombudsman’ to monitor banks and betting firms with the objective of better safeguarding players. An CSJ study, entitled Not a Game’, found that problem gamblers generate 25% of the UK betting and gaming industry’s profits, …

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Stakers application to appeal licence suspension refused

Online betting and casino brand Stakers has seen the dismissal of its appeal against the initial suspension  of its UK gambling licence. First-Tier Tribunal Judge Aleksander issued a written decision dismissing Stakers’ appeal against the suspension of its licence this morning. The firm’s initial application to appeal had been refused by the Tribunal, and so by the time of the …

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Begbies Traynor initiates BetIndex customer hearings

Begbies Traynor, the insolvency practitioners for BetIndex, initiated the process of allocating funds to former Football Index customers at a hearing in the Royal Court of Jersey today. The company was initially appointed as BetIndex’s insolvency practitioner in late March following the initial collapse of Football Index and began processing customer claims against the company in April. In a statement …

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Football Index addresses investors on losses distribution

Football Index has released a statement addressing the distribution of lost finances to its customers, two months after the operator entered administration. Begbies Traynor, the insolvency practitioner of Football Index’s parent company BetIndex, initially began to process customer claims against the company in April. The claims process was available to all users of the football player trading platform, including those …

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Affordability checks rumoured to be sidelined as DCMS focuses on UKGC shake-up

Plans for the UK Gambling Commission (UKGC) to conduct advanced affordability checks as a result of the review of the UK’s betting and gaming regulations may be shelved due to the findings of the consultation, according to a report by The Telegraph. The enforcement of applied affordability checks on all UK gamblers wagering over £100 a month has been submitted …

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