Tag Archives: UKGC

David Clifton: Licensing Expert – Betfred penalty raises multi-market concerns

The announcement by the UK Gambling Commission (UKGC) that Gibraltar-based Betfred.com is the most recent recipient of a hefty financial penalty for AML failings has served to raise once again the question why so many overseas-based remote operators have run into such problems with the UK regulator. In the Betfred case, it has not just been a case of concern …

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Winning Post : UK gambling… No sign of the fun ever stopping

Industry strategic consultancy Regulus Partners breaks down a week in which UK gambling has been cross-examined by Parliament, the House of Lords, the NHS and further academic institutions… ________________ UK Parliament – no sign of the “fun” stopping in spite of Britain’s political meltdown In spite of the staccato nature of parliamentary politics right now, there was still time this …

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IBIA suggests New Zealand adopts ‘open’ licensing system

The International Betting Integrity Association (IBIA) has suggested that the New Zealand government implements a ‘suitable regulatory and fiscal structure for sports betting’ which will ensure that licensed operators are able to deliver a wide range of betting products.  Confirmed in its response to the public consultation on online gambling across New Zealand, the IBIA divided its response into two …

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Raising the bar: Why FSB isn’t waving the white label flag to regulation

white label

FSB has implemented ‘state-of-the-art systems’ for customer protection to prevent future issues for its white label platform. Dave McDowell, FSB CEO, added that the recent crackdown on white label operators by the UK Gambling Commission (UKGC) shows that the regulator isn’t afraid to take “pretty severe measures” against companies who don’t raise their game when it comes to customer protection, …

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UKGC reminds licensees of expectations when leaving the market

The UK Gambling Commission (UKGC) has reminded all licensees that it should have measures in place to ‘make sure that consumers are not unnecessarily disadvantaged’ if the licensee leaves the market. The reminder comes a little over six months after Irish sports betting operator BetBright’s closure meant that a number of customers were left in limbo as to the status …

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October sees GamCare Helpline become a 24hr service

UK problem gambling support and treatment charity GamCare has reminded its betting industry and national health stakeholders that from 1 October 2019, the ‘National Gambling Helpline’ will be run as a 24-hour service. The National Gambling Helpline (0808 8020 133) updates its operating schedule of 8am-to-midnight, transforming into a ‘UK Helplines’ accredited 24-hour support structure open every day of the year. …

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UK exit for “unsalvageable” EveryMatrix white label business

white label

EveryMatrix has let go of its B2C operating licences for remote betting and casino in the UK after deciding that its white label business has been “irreparably damaged”. This is despite the company’s “best efforts to swiftly prove the ability to operate in a safe, responsible, and compliant manner”, as shown by a recent partnership with beBettor. Back at the …

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David Clifton: Licensing Expert – Regulatory scrutiny sees White Labels lose their shine

The Gambling Commission has recently announced that it is reviewing the operating licences of (a) FSB Technology (UK) Limited (who voluntarily suspended activities on their Blackbet white label website) and (b) EveryMatrix Software Limited (in relation to which the Commission also suspended their ability to offer B2C remote betting and casino gaming, including pursuant to white label arrangements). Following on, as they …

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EveryMatrix picks beBettor to ease UKGC compliance concerns

compliance

Industry platform provider EveryMatrix has upheld a promise to strengthen its compliance processes and procedures by striking a new partnership with beBettor.  Just last week, EveryMatrix was hit with a UK Gambling Commission (UKGC) suspension of its B2C licences, which will stand until it can demonstrate that it has taken steps to be fully compliant with its social responsibility obligations. …

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UKGC fines Park Lane Club operator £1.8m for multiple AML & SR failings

The UK Gambling Commission (UKGC) has sanctioned of £1.8 million fine and licence warning to London casino operator Silverbond Enterprises Ltd in relation to social responsibility failures and money laundering violations. Silverbond is the operating company of the ‘Park Lane Club’ casino in Mayfair a property which the UKGC has placed under review since February 2016, under section 116 of …

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