Gamesys Group Plc has disclosed that it will be suspending all TV and radio advertising across the UK until COVID-19 restrictions are lifted, highlighting its concerns over targeting children and those vulnerable to problem gambling. Publishing its Q1 trading update for the three month period ending 31 March 2020, the company emphasised that it will be strengthening its responsible gambling …
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As COVID-19 continues to change the regulatory landscape across the globe, the betting sector plays a key role in evolving and adapting AML procedures for all high-risk businesses. Speaking to Payment Expert, William Hill’s Group Director of AML Steven Armstrong emphasised the importance of the industry’s ability to pull together when it comes to AML innovation. Armstrong stated: “As an industry, …
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The UK Gambling Commission (UKGC) has maintained its 2020 regulatory agenda by implementing its outright ban on credit card wagering across all gambling verticals, enforced from Tuesday 14 April. The anticipated ban on all credit transactions was approved this January, marking the Commission’s first industry-wide regulatory enforcement for 2020 proceedings. In its January announcement, the Commission underlined that a blanket …
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The UK Gambling Commission (UKGC) has confirmed that it has suspended two operator licences with immediate effect for failing to fully integrate the GAMSTOP self-exclusion scheme. Earlier this year, the UKGC notified all online operators that participating in GAMSTOP by 31 March was a requirement of their licence conditions and social responsibility code provision 3.5.5. The suspended incumbents are Dynamic, …
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The newly established ‘Responsible Affiliates in Gambling’ (RAiG) standards body has detailed its support of the new collaborative measures published yesterday by the UK Gambling Commission (UKGC). The UKGC formed its series of new measures and directives working with industry ‘leadership workgroups’ coordinated by the Betting and Gaming Council (BGC) – having moved to strengthen UK gambling codes on VIP …
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The Betting and Gaming Council (BGC)has detailed its full support of the UK Gambling Commission’s (UKGC) ‘collaborative measures’ to reduce gambling harms by improving industry practices. Yesterday afternoon, UKGC Chief Executive Neil McArthur unveiled the Commission’s action plan outlining industry-wide measures and directives and VIP programmes, advertising protections and safer gambling product designs. Co-operating with industry leadership, the UKGC developed …
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Further to publishing its ‘2020/21 Business Plan’, the UK Gambling Commission has today outlined a set of new collaborative measures and directives to strengthen its industry code and further reduce problem gambling harms. This afternoon, the UKGC published its new action plan on VIP Programmes, product design and further advertising practices, underlining that the directives have been designed to accelerate …
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This is a pivotal moment for the online gambling sector. It’s not a moment it could have foreseen, nor is it a moment it has actively sought! However, whilst it has not been slow to identify an unexpected opportunity to market its non-sports betting wares to a new audience, it is essential that it fully recognises the associated threats to …
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As the UK enters its third week of lockdown, Regulus Partners assess the devastating impact of Covid-19, in which reality indicates that betting incumbents will never see a ‘return to normal’… NB – Helping industry stakeholders, Regulus Partners has produced a free UK sector-by-sector guide to impact which we will update due to the fluidity of the situation. Email Regulus directly for …
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GVC Holdings has underlined its support for the Betting and Gaming Council’s (BGC) ‘coordinated approach’ to provide consumers with the safest gambling environments during the current Covid-19 pandemic and beyond. The FTSE250 betting group has emphasised the need for greater responsibility during a period in which a ‘quarter of the global population in some form of lock-down’. This could lead …
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