Tag Archives: UK Gambling Commission

Betfred Gibraltar to pay £322,000 after UKGC AML investigation

OPTIMA

Betfred’s Gibraltar trading subsidiary ‘Petfre’ has been forced to pay £322,000 as part of a ‘regulatory settlement’ having been found to have ‘shortcomings in the application of its AML controls and its policies and procedures.’  The Gibraltar unit is due to make the payment in lieu of a financial penalty following an investigation by the UK Gambling Commission (UKGC). The UKGC investigation …

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Rank finalises Stride Gaming takeover

London-listed gambling operator The Rank Group (Rank) has confirmed this morning that it has successfully completed its take over of online gambling group Stride Gaming. Confirmed in a statement, Rank will now hold the entire issued ordinary share capital of Stride, which was valued at £115.3m in May of this year. John O’Reilly, Rank Chief Executive, commented on the announcement: …

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UKGC reminds licensees of expectations when leaving the market

The UK Gambling Commission (UKGC) has reminded all licensees that it should have measures in place to ‘make sure that consumers are not unnecessarily disadvantaged’ if the licensee leaves the market. The reminder comes a little over six months after Irish sports betting operator BetBright’s closure meant that a number of customers were left in limbo as to the status …

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IGRG to promote ‘open and inclusive conversation’ during Responsible Gambling Week 2019

The Industry Group For Responsible Gambling (IGRG) has outlined plans to bring the UK and Irish gambling industries together as part of this year’s Responsible Gambling Week 2019. The aim of the campaign, which will take place from November 7 – November 13, is to promote an industry-wide conversation regarding safer gambling methods, as well as the promotion of tools, …

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On-course bookmakers ‘concerned’ about age-verification failures

Following the announcement that seven UK on-course bookmakers would be having their licences reviewed by the UK Gambling Commission (UKGC), representatives from the racing sector have called for further information on age verification measures to address under-age gambling.  The seven bookmakers had reportedly allowed a 16-year old to place a bet at this year’s Royal Ascot, which took place in …

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BBC Panorama reports rise in complaints to UK bookmakers

According to a BBC Panorama documentary due to air tonight, UK Gambling Commission statistics have reported a 5,000 per cent rise in the number of complaints made about UK bookmakers over the last five years.  The Panorama investigation, Addicted to Gambling, will be hosted by Bronagh Munro, and will be broadcast at 8.30pm on BBC1 on Monday. The UKGC figures …

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UKGC outlines changes to LCCP following open consultation

The UK Gambling Commission (UKGC) has outlined a number of new licence conditions and codes of practice (LCCP) following an open consultation with the wider industry.  The new LCCPs will look at ‘raising standards for alternative dispute resolution (ADR), strengthening requirements on how licensees identify and interact with customers who may be at risk of or experiencing gambling harms, and …

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UKGC reviews on-course age verification in new crackdown

Seven on-course bookmakers are having their gambling licences reviewed by the UK Gambling Commission after it was found they had allowed a 16-year old to place a bet at this year’s Royal Ascot. Following numerous age verification checks carried out between the Royal Borough of Windsor and Maidenhead, supported by the Gambling Commission and Trading Standards, seven of the 17 …

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Andrew Morgan, ICS: The Premier League bonus race is over

Premier League

Content and not bonuses is the most effective player acquisition tool ahead of the 2019/2020 Premier League season, says Andrew Morgan, International Director at ICS Media Group. The countdown to the kick-off of the 2019/2020 English Premier League is very much underway and over the next few weeks we will see online sportsbook operators unlock their marketing war-chests as the …

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UKGC ‘constrained by the current legislation’ on loot boxes

The UK Gambling Commission (UKGC) has disclosed to MPs that it currently does not have measures in place to oversee the sale of ‘in-game content’ such as Fifa ‘player packs’ and video game loot boxes due to the lack of clarity on how such customer engagements are monetised.  As it stands, such products are not defined as gambling due to the …

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