Tag Archives: UK Gambling Commission (UKGC)

A range of betting and gaming stakeholders, as well as those in the treatment sector, have been asked to provide evidence to government and UK Gambling Commission (UKGC) consultations. The discussions are a fundamental objective of the Gambling Act review White Paper, published back in April, which laid out a number of recommendations for the regulatory future of the UK …

The UK will not treat cryptocurrency trading and investment as a form of gambling, according to Economic Secretary to the Treasury Andrew Griffith MP.  Back in May, the House of Commons Treasury Committee recommended that the government enact such a policy due to the volatility of cryptocurrency trading, which is likened to a form of betting. In response, Griffith stated …

UK customers’ capability to withdraw funds from their accounts must not be hindered, the UK Gambling Commission (UKGC) has asserted, but restrictions to deposits can occur. The regulator is currently engaged in discussions with UK betting industry stakeholders as the sector continues to digest the recommendations of the Gambling Act review. Full implementation of the review’s outcomes is expected next …

The UK Gambling Commission (UKGC) has undertaken enforcement against Betfred. The operator is being forced to pay £3.25m after an investigation revealed social responsibility and anti-money laundering failures. Betfred, registered as Done Bros (Cash Betting) Limited, breached licence conditions between January 2021-December 2022. The firm is an omnichannel operator, maintaining a high-street portfolio of 1,750 betting shops, a website and …

The latest UK Gambling Commission (UKGC) data has shown a steady increase in betting activity during Q4 of the 2022/23 financial year, partly influenced by key wagering events taking place during the quarter. Commission data showed a 5% increase in gross gambling yield (GGY) from January to March 2023 against the previous year to £1.3bn (2021/22: £1.18bn), with a 9% …

The licence holder of Paddy Power Betfair has been charged £490,000 by the UK Gambling Commission (UKGC) in the regulator’s second enforcement action of this week. PPB Counterparty Services Limited, which trades as the Paddy Power and Betfair sports betting brands, was the subject of UKGC enforcement for sending promotional push notifications to devices linked with self-excluded customers. Customers either …

The UK Gambling Commission (UKGC) has set out its strategic direction for the next three years, unveiling its Evidence Gaps and Priorities programme for 2023-2026. In the aftermath of the Gambling Act Review White Paper publication, the regulator has highlighted an ‘opportunity’ over the coming years to make UK betting and gaming safer, fairer and crime-free. Six aspects of the …

Skill on Net has become the latest firm to face regulatory action from the UK Gambling Commission (UKGC), finding itself under the spotlight for social responsibility and anti-money laundering failures. The Commission has charged the company £305,150 as part of a regulatory settlement, having determined that the firm had ‘breached several terms’ of the Licence Conditions and Codes of Practice …

Sarah Gardner, Deputy Chief Executive of the UK Gambling Commission (UKGC), projects that the UK gambling sector will learn the results of some planned consultations soon enough. One of the main conclusions the sector was able to glean from the Gambling Act review White Paper was that there really aren’t many conclusions. Although suggesting numerous proposals, the need for further proposals …

An NHS report into the prevalence of gambling participation, behaviour and problem gambling in UK society has been released, amid continued discussion around the sector’s regulatory future. At a time when the extent of problem gambling in the UK has been a major talking point around the publication of the Gambling Act review White Paper, the NHS stats have drawn …