Tag Archives: UKGC

As England takes on Spain in the Women’s World Cup final on Sunday, the UKGC has shared findings shedding light on the impact of major sporting events on the betting industry Looking into the men’s version of the global tournament, the group commissioned Yonder to collect data on the gambling activity that took place, as well as what happened after …

Post White Paper, UK gambling enters its ‘consultation phase’, as the government seeks relevant feedback on key policy proposals to govern the sector. Licensing Expert David Clifton details how consultation questions asked by the Gambling Commission reveal a new approach to the risk assessment & financial vulnerability of customers. ____________________ On 26 July, the UKGC launched its first set of …

The reference of ‘cryptoassets’ in the White Paper, reflects the UK government’s undecided stance on governing cryptocurrency adoption as such DCMS cites the absence of specific laws barring their use for online gambling firms. Hilary Stewart-Jones, technology and digital consultant at Harris Hagan, provides an expert end-to-end breakdown on crypto disciplines remit and boundaries within UK gambling laws. ___________ Adopting …

John White, CEO of bacta, the trade association for the UK’s amusement and gaming machine industry – has stated that more must be done to accommodate consumers who still wish to utilise everyday cash.  Speaking to PaymentExpert, White reflected on the current “cash vs. cashless” debate impacting the British public and their access to services and social mobility. Changing dynamics …

GambleAware has initiated an application process to protect the funding of gambling harm prevention, support and treatment projects and programmes across the UK.  The initiative is required as the funding of gambling harm prevention projects/programmes enters a transition period from a voluntary to a statutory levy – established as a guaranteed outcome of the Gambling Review. Stakeholders were notified that …

The UK Gambling Commission (UKGC) has allocated £32,844,197.31 to GambleAware for the creation of a ‘system stabilisation’ in regards to a transition period from voluntary funding to a statutory levy. This is the latest allocation of funds gained by the UKGC through regulatory settlements, and is intended to “stabilise the system of gambling harm prevention, support and treatment” during the changeover. …

Brigid Simmonds, Chair of the Betting & Gaming Council (BGC) reflects on the trade body’s development since its inception in 2019, navigating the crossfire of UK Gambling’s journey towards its regulatory resolution in 2023.  A headline speaker of the SBC Summit Barcelona (19-21 September), Simmonds cites that UK Gambling shares a ‘common experience’ with other European markets awaiting regulatory settlement. …

The Board of 888 Holdings has confirmed this afternoon that it has terminated all ongoing discussions with FS Gaming Investments LLC.  FS Gaming is the investment vehicle of former GVC Holdings (formerly Entain Plc) leadership duo Kenneth Alexander (CEO) and Lee Feldman (Chairman) – who last month acquired a 6.5% stake in the LSE Gambling Group. Further to the investment, …

The UK Gambling Commission (UKGC) has welcomed the appraisal of the Information Commissioner’s Office (ICO) which backs the need for data collaboration to protect gambling consumers better. Yesterday the ICO published its response to a query by financial services trade body UK Finance on the legal boundaries of data collaboration between gambling and financial services firms.   The ICO, which serves …

The UK Gambling Commission (UKGC) has penalised Star Racing Limited, the operating company of the Star Sports betting brand, £594,000 for anti-money laundering (AML) and social responsibility failings.  This morning, the Commission notified that it has summoned an official warning on Star Racing, which will have further conditions applied to its licence operating Star Sports in the UK. The filing …