Tag Archives: UKGC

David Clifton: Licensing Expert – No surprises from UKGC’s review of online gambling

It can surely have come as no surprise that, after all that has happened in recent months, the Gambling Commission has announced proposals designed to provide greater protections for children, reduce problem gambling risks to vulnerable customers and act on its long-held perception that operators have not been doing enough to properly know their customers and to intervene at an …

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UKGC mulls credit betting restrictions

UK gambling policy stakeholders are considering banning or severely restricting betting transactions undertaken through credit verticals, in a move to protect national gambling consumers. The UK Gambling Commission (UKGC) is reported to be considering drastic actions on limiting credit cards with a view to reducing ‘the risk that consumers will gamble more than they can afford’. “We will consider prohibiting …

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Marc Wood: Pay360 – Meeting 2018’s compliance demand…

As industry operators are being further pressured to improve their AML and compliance disciplines, all stakeholders face a tough balancing act in servicing betting consumers’, verification, customer services, payment and UX options.  Speaking at BOFCON2018, Marc Wood Head of Gaming at Pay360 details how industry leaders should approach 2018’s AML and Compliance conundrum _____________________ SBC: Hi Marc. In 2018, why …

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$50 million charges deep cut 888 Holdings 2017 results

The governance of FTSE250 listed 888 Holdings, is assessing its future strategic options as regulatory charges of $50 million have drastically impacted the firm’s full-year 2017 profits. Publishing its FY2017 results, 888 reported a 4% group revenue increase to $541 million, supported by the double-digit growth of its sports betting division up 45% to $75.5 million (FY2016: $51.9 million). Despite …

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David Clifton: Licensing Expert – First thoughts on UKGC’s FOBTs & social responsibility recommendations

It’s been a long wait, and an even longer debate, but in an announcement that will undoubtedly have a very strong influence on Government gambling policy, the UK Gambling Commission has advised that whilst a stake reduction for FOBT (category B2) machines is appropriate to reduce the risk of gambling-related harm, that alone is unlikely to have more than a …

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UKGC supports CMA withdrawal restrictions investigation

Copyright: gioiak2 / 123RF Stock Photo

The Competition and Markets Authority (CMA) has launched a further investigation into gambling firms withdrawal procedures. Detailing “enforcement action” being launched against a “number of online gambling firms,” concerns have been raised regarding unfair obstacles that may be placed in the way of people withdrawing their money, whether that be part of promotion or not. In its statement the CMA …

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Standards Matter… William Hill’s Bowcock seeks to follow Flint’s path

 Scott Longley details why industry leaders Philip Bowcock (Group CEO of William Hill Plc) and Richard Flint (CEO of Sky Betting & Gaming) share an aligned vision and solidarity in raising industry social responsibility standards. In 2018, the betting industry has more to lose than just a punishing FOBTs judgement… ______________ William Hill has just endured one of those weeks. …

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Ladbrokes Coral researches Arcade strategy

Bookmaker Ladbrokes Coral may adapt its retail strategy, focusing on converting a number of its betting shops into Adult Gaming Centres (AGC), commonly referred to as arcades. At present, the FTSE betting group has the highest betting shop exposure, in relation to the government’s pending triennial review crackdown on FOBTs wagering levels and sector advertising standards. Should the government impose a …

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GambleAware calls for creative pitch for new TV marketing campaign

Crystal Palace

Industry charity GambleAware seeks a new creative marketing agency, to lead its £7 million TV advertising account. GambleAware is currently planning its next UK marketing campaign, focusing on raising public awareness of problem gambling, targeting ‘low-level players’ who may be at risk of becoming addicts. The industry charity will run its creative marketing pitch through the Incorporated Society of British …

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