Tag Archives: UKGC

Premier Punt hits £200,000 Seedrs crowdfunding target

Edinburgh- based start-up and daily fantasy sports (DFS) operator, Premier Punt has announced that it has concluded its crowdfunding campaign on leading crowdfunding platform, Seedrs. The gambling and social gaming start-up was pleased to have hit its  Seedrs venture target of £200,000 in funding which sees the firm give away 6.67% equity at a valuation of £2.8 million. Premier Punt further informed …

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Jim Mullen – Size Matters for Ladbrokes Coral future success & value

Presenting a forward-looking statement to investors, Ladbrokes Coral CEO Jim Mullen states that his firm’s executive team must now match its enlarged revenue generating capabilities with market-leading operational efficiencies, in order for the FTSE enterprise to reach its optimal value. Speaking 150 days since officially completing the merger of Ladbrokes Coral, Mullen detailed that 120 senior executives had been presented …

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David Clifton: Licensing Expert – Gambling participation & public perceptions of gambling

In last month’s article for SBC News, I wrote about the Gambling Commission’s consultation “Changes to our enforcement strategy: putting the consumer first” that runs until 21 April 2017. I referred to recent speeches given by the Commission’s Chief Executive Sarah Harrison in November and February that, foreshadowing the Commission’s new enforcement mission statement, set out its reinforced focus on …

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New UK anti money laundering watchdog OPBAS to be set up by 2018

The UK Government is set to get tougher on money laundering and criminal financing activities by creating new watchdog the ‘Office for Professional Body Anti-Money Laundering Supervision’ (OPBAS).  The body will act alongside the UK Financial Conduct Authority (FCA), as the government seeks to introduce new, stricter money laundering regulations to meet global finance standards. The government will aim to set …

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UKGC warns parents of video game skin betting

The UK Gambling Commission (UKGC) warns parents over the perils of gambling linked to video games, calling for adults to be vigilant to the dangers of gambling associated with video games. Its warning follows the publication of a Commission paper on virtual currencies, eSports and social gaming (http://www.gamblingcommission.gov.uk/PDF/Virtual-currencies) The UKGC explains that there has been an increase in the popularity …

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UK Government publishes draft Racing Levy 2017 legislation

The Racing Post is reporting that  the government has published its initial ‘The Horserace Betting Levy Regulations 2017’, a draft legislation framework which could lead to the replacement of the existing levy system from this coming April. At present the replacement of the levy does not require ‘primary legislation’ with its new provisions being written by a government ‘statutory instrument’ …

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UKGC releases 2016 gambling ‘behaviours, awareness and attitudes’ study

The UK Gambling Commission (UKGC) has presented its latest 2016 statistics report into ‘UK gambling participation, attitudes and behaviours’ of British consumers.  Focusing its research on consumer participation and perceptions of gambling verticals, the UKGC gives detailed insight on user habits, influences, product awareness and attitudes to betting and gaming. Presenting its 2016 results, the UKGC reports the headline figure …

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GIG launches Nordic ‘Top 5’ brands Guts.com & Super Lenny for the UK betting market

Oslo-listed Gaming Innovation Group (GIG), has announced that it will launch its popular Nordic facing brands Guts.com and Super Lenny (SuperLenny.com) for the UK market, having gained its official sports betting operator license from the UK Gambling Commission (UKGC). Following its UKGC approval, GIG governance informs that it is now allowed to operate its proprietary brands in addition to third …

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ABB tells Arcade owners to ‘catch up’ with regards to consumer protections & risk gambling

Industry body, The Association of British Bookmakers (ABB) has called for amusement arcade operators to ‘catch up’ with other betting stakeholders in relation to consumer protection standards and problem gambling awareness. The ABB has made its comment, following new evidence by the UK Gambling Commission (UKGC) which revealed that consumers are at greater risk of losing more money and playing …

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Second ‘Sports Integrity Action Plan’ published by UKGC & SBIF

In conjunction with the UK Gambling Commission (UKGC), the Sports Betting Integrity Forum (SBIF) has released its second consultancy paper ‘Sport & Sports Betting Integrity Action Plan (SBI Action Plan)’ for 2017. The second SBI Action Plan paper seeks to outline Great Britain’s approach to addressing the current risks to sports integrity and the monitoring of sports betting industry and …

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