Tag Archives: UKGC

Scott Longley: The £2 reckoning – betting & racing face their nightmare

SBC News Scott Longley: The £2 reckoning – betting & racing face their nightmare

Following the conclusion of this week’s local elections, the Conservative government will likely move to implement a £2 FOBTs wagering limit, impacting all UK betting stakeholders. SBC contributor Scott Longley assess whether the government understands the consequences of its drastic cut, or if it can justify its FOBTs policy logic… _________________ Politics has trumped economics in the final stages of …

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LeoVegas to pay over £600,000 for self-exclusion & ads failures

LeoVegas

LeoVegas Gaming Ltd is to pay a penalty package in excess of £600,000, after being sanctioned by the UK Gambling Commission for failings related to misleading advertising, and the handling of customers at the end of their self-exclusion period. The firm, who hold a remote operating licence authorising it to operate an online casino, and provide facilities for real event …

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Pinnacle withdraws UKGC licence application

SBC News Pinnacle withdraws UKGC licence application

Updating its social media channels, Malta & Curacao-licensed online betting operator Pinnacle (Pinnacle.com) has confirmed that it will no longer be seeking a UK Gambling Commission (UKGC) licence. The low-margin bookmaker published the following update on its Twitter feed and Facebook group. Customer announcement: Pinnacle has withdrawn its licence application to the UK Gambling Commission. pic.twitter.com/hXuCfFW1K7 — Pinnacle (@PinnacleSports) May …

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UKGC publishes ‘2019 Business Plan’ focusing on improving industry game protections

SBC News UKGC publishes '2019 Business Plan' focusing on improving industry game protections

Issuing an industry update, the UK Gambling Commission (UKGC) has published its ‘2019 Business Plan’ outlining its key strategic priorities and focuses for its sector 2018-2019 guidance. The Commission’s plan forms part of a ‘three-year strategy’, seeking to improve industry standards, consumer protections and further prevent gambling-related harm on consumers and the general public. A key development in the UKGC’s …

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Bookmakers make a last stand to Matt Hancock warning of ‘catastrophic FOBTs consequences’

SBC News Bookmakers make a last stand to Matt Hancock warning of ‘catastrophic FOBTs consequences’

The BBC has this weekend reported that UK betting bosses have penned a letter to Matt Hancock, Secretary of State for Culture, Media & Sport (DCMS), urging the government to drop its plans of implementing a £2 wagering limit on FOBTs machines. The letter to Hancock leader of DCMS, is supported by the leadership of GVC Holdings, William Hill, Betfred, Scotbet …

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Bookmakers hurt by reports that government will back FOBTs ‘£2 Nightmare Scenario’

SBC News Bookmakers hurt by reports that government will back FOBTs '£2 Nightmare Scenario'

The UK betting industry has been impacted by fresh speculation that the government will move to implement a £2 bet limit on FOBTs machine wagering. This morning, UK news sources reported that Chancellor Phillip Hammond had accepted the parliamentary recommendations put forward by the UK Gambling Commission (UKGC), moving to lower FOBTs wagering levels below £10s. On Monday, The Times …

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Waiting Game… Unsure Hammond delays industry FOBTs judgement

SBC News Waiting Game... Unsure Hammond delays industry FOBTs judgement

UK news sources have this morning, reported that the government will delay once more it’s pending triennial review judgement on industry FOBTs wagering and advertising standards. Parliament insiders have detailed that UK Chancellor Phillip Hammond, has put the government’s decision ‘on hold’, with the judgement to be made following the conclusion of England’s local council elections on 3 May. According …

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Comtrade’s Steven Valentine: A case for objective bonusing terms

bonusing - Copyright: netsay / 123RF Stock Photo

Regulatory attentiveness in 2017 held monumental bonusing based consequences for gaming operators in the UK, writes Steven Valentine, Director of Interactive at Comtrade Gaming. Whether it’s in the form of player acquisition, retention or re-engagement, it seems that the subjective nature of bonusing terms is no longer up to interpretation. According to the UKGC, trust in the gambling sector is …

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Scott Longley: Beyond the review, optimism for UK betting shops

SBC News Scott Longley: Beyond the review, optimism for UK betting shops

Is the betting sector being too pessimistic about the long-term future prospects of retail betting? Should stakeholders welcome the disruption as a chance to reinvent retail betting’s overall proposition? Scott Longley gets the lowdown for SBC. The perils for land-based gambling enterprises in the UK were all too evident in the profit warning issued by bingo-to-casino operator Rank in early …

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Neil McArthur takes full leadership of UKGC

SBC News Neil McArthur takes full leadership of UKGC

The UK Gambling Commission (UKGC) has this morning confirmed the appointment of Neil McArthur as Chief Executive. Since March, McArthur has been acting as UKGC interim CEO, following the departure of former Commission leader Sarah Harrison MBE. In previous executive roles for UKGC McArthur has served as the Commission’s General Counsel, leading the regulatory body’s legal oversight on licensing, enforcement …

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