Tag Archives: UK Gambling Commission

Lindar Media faces UKGC regulatory action for AML & social responsibility failures

UK

Lindar Media Limited, the operator of online casino Mr Q, is facing regulatory action by the UK Gambling Commission and has been ordered to pay £690,947 for social responsibility and anti-money laundering failures. The regulatory action follows an investigation by the UKGC into Lindar Media, which found failings in the operator’s processes aimed at preventing money laundering and protecting individuals …

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BetConstruct: meeting the regulatory requirements for new markets

SBC News BetConstruct: meeting the regulatory requirements for new markets

Acquiring a licence and remaining compliant with different regulatory requirements is arguably one of the most important factors to consider when setting up an online gambling company.  However, something that must be considered is the intricacies of each individual market. How long does it take to acquire a licence? What are the costs associated with acquiring a licence? What products …

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UK National Lottery contributes over £500m to good causes during Q2 FY22/23

The UK National Lottery’s contribution to good causes has broken the £500m mark for the second time in five quarters after increasing by 18.7% sequentially

The UK National Lottery’s contribution to good causes has broken the £500m mark for the second time in five quarters after increasing by 18.7% sequentially.  The UK Gambling Commission (UKGC) noted that Camelot, operator of the National Lottery,  contributed £501.8m to good causes for the three-month period ending September 30, up 18.7% on Q1’s total of £422.9m.   Meanwhile, the contribution …

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UKGC updates T&Cs guidance to stop unfair consumer practices

SBC News UKGC updates T&Cs guidance to stop unfair consumer practices

The UK Gambling Commission (UKGC) has updated its guidance on ‘fair and transparent terms and practices’ used by licensed operators. The update was deemed necessary as the Commission has found that licensees have often used terms of play that can be deemed as unfair and ‘in some cases’ will provide operators with ‘undue discretion’ to decide outcomes and disputes. The …

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Slotegrator: How to get a UK online gambling licence

SBC News Slotegrator: How to get a UK online gambling licence

Slotegrator, the igaming software and business solution provider for online casino and sportsbook operators, has produced a comprehensive guide for companies seeking a UK online gambling licence. Titled How to get a gambling licence in the UK 2022, it covers in detail the scope and cost of all five types of online gambling licences available (casino, virtual events, real events, pool …

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Campaigners call for National Lottery restructuring due to good causes funds

SBC News Campaigners call for National Lottery restructuring due to good causes funds

Gambling reform advocates, including MPs, have called for an overhaul of the National Lottery – specifically in relation to the funding of good causes according to The Guardian. The outlet has reported that politicians such as Sir Iain Duncan Smith have called for a fixed percentage of the National Lottery operator’s revenue to be directed towards civic causes.   With the …

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UKGC fines VGC Leeds £450,000 for customer care and AML failures

uk gambling commission (UKGC)

The UK Gambling Commission (UKGC) has handed a £450,000 penalty package to Leeds’s Victoria Gate Casino (VGC Leeds), trading as Global Gaming Ventures, having confirmed extensive duty of customer care failures. An investigation undertaken by the regulator, concerning the casino venue, identified failings in the way it identified and managed customers who were at higher risk of money laundering and gambling-related harm. …

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Whittingdale exits DCMS as gambling awaits Ministerial re-assignment

SBC News Whittingdale exits DCMS as gambling awaits Ministerial re-assignment

John Whittingdale, the DCMS minister overseeing the review of the 2005 Gambling Act, has been removed from his position in PM Boris Johnson’s latest cabinet reshuffle. The minister will be returning the backbenches, and will allegedly be replaced by former Cabinet Office Parliamentary Secretary Julia Lopez, MP for the Greater London constituency of Hornchurch and Upminster. Despite her promotion to …

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Gambling Act Review: VIP schemes reportedly face ban

SBC News Gambling Act Review: VIP schemes reportedly face ban

Sports betting operators’ VIP schemes have been reportedly targeted by government Ministers, according to the Daily Mail, as a new outcome of the overhaul of the 2005 Gambling Act. Citing government sources, the Mail detailed that the practice has been reportedly described as ‘immoral’ by gambling law reform advocating Ministers, who have argued that VIP schemes encourage problem gambling. Under …

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