Tag Archives: UK Gambling Commission

UKGC – Betfred to pay over £800,000 following licence review

The UK Gambling Commission has informed the market that Betfred will pay more than £800,000 in compensation and in contribution towards socially responsible causes as part of a regulatory settlement following a licence review. This payment follows failures by the operator in its anti-money laundering and social responsibility policies. The Gambling Commission’s investigation follows a court case that resulted in …

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FanDuel waits on UK license approval for August launch

FanDuel have confirmed that they are working towards a target date for launch in the UK, but stressed that ‘the date is not set in stone and still provisional’. The company already have a license to operate remote gambling software but are still waiting on approval for their UK license application. As reported on CalvinAyre.com, FanDuel CEO Nigel Eccles told Bloomberg last …

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10Bet and RealDealBet to exhibit at LAC with Evander Holyfield

10Bet and RealDealBet will be exhibiting for the first time at iGB’s London Affiliate Conference and plan to make a strong impression thanks to five-time heavyweight champion Evander Holyfield. Evander Holyfield is the face of RealDealBet and will be joining 10Bet and RealDealBet at Stand K20 to close deals and take some photos. One of the world’s most legendary athletes …

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Yggdrasil Gaming obtains UK licences

Gaming and software developer Yggdrasil Gaming has been awarded the necessary licences by the UK Gambling Commission to enable the firm to offer its services to British residents. Yggdrasil has recently extended its offerings across Europe with a host of deals signed in the latter part of this year. The firm has offices in both Malta and Poland, and will look …

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iSoftBet gains UKGC Level 3 Certification

online and mobile games supplier iSoftBet is pleased to announce that its entire gaming portfolio has successfully achieved full UK Level 3 certification from the UK Gambling Commission. iSoftBet acquired its UK continuation licence in November 2014, after which it was allotted a 12-month period to bring its gaming suite to level 3 compliance for the UK. The supplier was …

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UKGC – Have your say on new controls to prevent crime in gambling

Operators and members of the public are being invited to take part in a consultation on proposed regulation changes aimed at preventing crime linked to gambling. The proposals focus on improving practices to keep gambling free from crime and being associated with crime. A spokesperson for the Gambling Commission said: “Advances in technology and changes in consumer preference are posing …

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666Bet notifies customers to open Skrill accounts for withdrawal payments

Following more than a month without being able to process its player withdrawals following its temporary license suspension by the UK Gambling Commission. Embattled sports betting operator 666Bet has issued a statement on its website instructing customers to open third party payment provider accounts with online wallet Skrill in order for the company to begin processing its payments The statement …

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Ladbrokes withdraws from Switzerland, Hungary and Norway

Ladbrokes is set to withdraw its betting services from Switzerland, Hungary and Norway as the operator reviews its international operations. The operator stated that it would leave these jurisdictions after undertaking legal and regulatory reviews of European igaming frameworks. The withdrawal from the above mentioned territories comes as the United Kingdom prepares for the start of the new Point of …

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Trader conflict of interest sees ABB members review terms

The UK Gambling Commission has been working with the Association of British Bookmakers (ABB)  and betting operators to reduce the risk of potential conflicts of interest when a trader encounters information that might indicate suspicious betting activity. This follows unusual betting activity at horse races early this year. As a result ABB members have agreed to adjust their betting terms …

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