Tag Archives: UK Gambling Commission (UKGC)

Esports betting operator EBET has reported a quarter-on-quarter revenue increase of 166%, shortly after rebranding from its former identity as Esports Technologies.  As of 31 March 2022, EBET’s Q1 revenue stood at $19 million, with a gross profit of around $7 million and a cash position of $7.1 million – figures the firm attributed to acquisitions in the European sports …

The UK Gambling Commission (UKGC) has revealed that the country’s problem gambling rate has dropped for another year to 0.2%, prompting the Betting and Gaming Council (BGC) to praise the industry’s efforts.  Issuing an update, the UKGC demonstrated that problem gambling rates had consistently fallen year-on-year from 2020 onwards, with the March 2020 figure standing at 0.6%, falling to 0.4% …

The UK Gambling Commission (UKGC) has revealed that the National Lottery’s Good Causes funding in Q4 fell in comparison to the previous quarter and last year.  Publishing an update on its website, the Commission showed that the total raised for good causes in Q4 (January-March 2022), was £491.3 million. This represented a decline of 3.4% from the previous quarter and …

In a bid to better reflect its corporate mission and the young demographic audience it targets, Esports Technologies has rebranded as EBET. The new corporate identity has been chosen to showcase the company’s expanded services, which now includes traditional sports and casino games alongside its flagship esports offering.  Additionally, the firm has also stated the rebrand better reflects its target …

The British online betting and gaming sector has gained another company, as online sportsbook and casino operator JeffBet secured market launch. Issuing an update, the online brand revealed that it had been awarded operating licences by both the UK Gambling Commission (UKGC) and Malta Gaming Authority (MGA). The plans to offer UK bettors a ‘wide range of sports betting verticals’ …

FansUnite has entered into an Memorandum of Understanding (MoU) with Dragon Bet to supply its Chameleon iGaming platform to the Lovell Brothers Limited-owned Welsh sportsbook. The MoU covers a long-term licensing agreement that will enable Dragon Bet to utilise the Canadian sportstech group’s white-label software, which is due for launch in the UK later this year. FansUnite has been pursuing …

The emergence of ‘new, novel products’ that have hit the UK’s online gambling market in recent years have presented a unique challenge for both regulators and operators. Speaking to industry stakeholders at last week’s ICE 2022 London expo, UK Gambling Commission (UKGC) Deputy CEO Sarah Gardner outlined ongoing concerns, noting that many of the products and their engagements are a …

KYC and AML validation services supplier 1account has claimed that digital ID technology has been broadly welcomed by the UK’s betting and gambling industry for player protection.  The company had earlier conducted a consultation exploring the “benefits, opportunities and challenges” of linking player accounts and activities across different operators to a digital ID. Participants in the consultation included online and …

National Lottery operator Camelot has been fined by the UK Gambling Commission (UKGC) for three errors occurring on its mobile app which affected thousands of players. The first failure which led to the £3.15 million penalty was an instance in which up to 20,000 NationaL Lottery app users were informed that their winning draw-based ticket was actually a non-winner when …

Dean Russell, MP for Watford, has expressed concerns regarding the UK Gambling Commission’s (UKGC) decision to hand the next ten-year National Lottery licence to Allwyn. Sharing his opinions at Prime Minister’s Questions in Parliament yesterday, the Conservative MP focused on Allwyn’s alleged ties to Russia, at a time when international relations remain tense due to the invasion of Ukraine.  In particular, he …