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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Neil McArthur, Chief Executive of the UK Gambling Commission (UKGC), has written to betting leadership urging the industry to maintain the highest operating standards during ‘uncertain and unsettling times’. Updating stakeholders, McArthur explained that the UKGC’s executive team is carrying out an assessment of the industry-wide impact of the coronavirus, which will influence the Commission’s regulatory approach during 2020. McArthur …
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The UK Gambling Commission (UKGC) will assess its licensee data and information requirements, after confirming the launch of its new industry stakeholder consultation. The new consultation aims to evaluate operator data requirements and reporting procedures adhering to conditions established by the Commission’s Licence Conditions and Codes of Practice (LCCP). In addition, the consultation will require stakeholders to submit the details …
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As I write this, we are just two weeks into the new year – or indeed the new decade, as some would have us believe. Either way, what a start it’s been for the UK gambling industry! We ended 2019 with confirmation that the newly elected Conservative Party government intends to act speedily to fulfil its General Election manifesto promise …
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There are times when writing a monthly column for SBC News presents a challenge. This is one of those months. It’s not because of the paucity of potential content. It’s because of the sheer volume of potential content. As it happens, there is a common thread running through all that I write about below, particularly with a General Election looming …
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HM Revenue and Customs (HMRC) has published its national statistics update on duties generated by the industry’s seven different tax verticals – Bingo Duty, Gaming Duty, General Betting Duty (GBD), Lottery Duty, Machine Games Duty (MGD), Pool Betting Duty (PBD) and Remote Gaming Duty (RGD). Reporting betting & gaming tax statistics for the six month period of April-to-September 2019, HMRC reports …
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The UK Gambling Commission (UKGC) has reminded industry stakeholders of new rules related to alternative dispute resolution (ADR) measures, customer interactions and funding requirements as part of its updated licence conditions & codes of practice (LCCP). The Commission’s latest LCCP changes have been mandated following an open consultation seeking to improve industry standards and operator transparency. Updating stakeholders, the Commission reminds …
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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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The UK Gambling Commission has recently announced forthcoming changes to its Licence Conditions and Codes of Practice (“LCCP”) intended to: raise standards for alternative dispute resolution – coming into force on 31 October 2019, strengthen requirements on how licensees identify and interact with customers who may be at risk of or experiencing gambling harms – also coming into force on 31 October 2019 …
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