Tuesday, January 25, 2022

Tag: Gambling Commission

Flutter becomes late UK Lotto runner via Sisal acquisition

Flutter late UK lotto runner via Sisal acquisition
Flutter’s E1.9bn acquisition of Italian operator Sisal is a bet on online gambling achieving the same dominance there as it has in the UK - and may make it the favourite to run the UK’s National Lottery from 2024.

YGAM’s Safer Gambling Training programme is raising standards

Ian Shanahan YGAM Safer Gambling training programme is raising standards
Ian Shanahan has recently joined the Senior Leadership Team at YGAM in the role of Director of Business Development and Fundraising. He also heads up the pioneering Safer Gambling Training programme which provides expert training to customer-facing teams working in the gambling industry. Having spent many years working for Rank, Shanahan is now using his industry knowledge and experience to help raise standards in player protection.

UKGC: “The overall problem gambling rate has decreased significantly”

Gambling Commission data problem gambling
The UK Gambling Commission’s latest survey of problem gambling for the quarter ending September 2021 has revealed that the rate has halved in the past year from 0.6 per cent to 0.3 percent. It’s now at its lowest ever level.

Puerto Rico to fast-track betting launch with new advisory panel

Puerto Rico fast track betting launch new advisory panel
The director of the Puerto Rico Gambling Commission, Orlando Rivera, is to head a new advisory group tasked with speeding up the groundwork ahead of a sports betting market launch.

UK licensees face 55 percent fee hike from October

UK licence fees increase from October
British-facing gambling businesses will be charged 55 percent in licence fees from October, after the UK’s Department for Digital, Culture, Media and Sport approved the regulator’s proposals

BetConstruct Given the Green Light to Provide Blast and Striker under its UKGC Licence

BetConstruct Blast Striker UKGC Licence
SoftConstruct (Malta) Limited has successfully registered the Blast & Striker games with the UKGC. Given approval for providing these engaging solutions to our UK and White Label partners, BetConstruct has made a major step forward in its global expansion.

Netherlands’ KSA gears up for October igaming launch

Netherlands KSA October igaming launch
Pitted to be one of the most explosive market launches this year, authorities in the Netherlands are readying licensees and regulations for online play to begin on 1 October.

BetConstruct Given the Green Light to Provide Talisman & Big Hi-Lo under its UKGC Licence

BetConstruct green light Provide Talisman & Big Hi-Lo under its UKGC Licence
SoftConstruct (Malta) Limited is pleased to inform about the successful registration of Talisman & Big Hi-Lo with the UKGC.

Football Index failure exposes regulatory shortfalls

Football Index
The collapse of sportsbook-cum-trading-platform, Football Index, has shone a light on the gap between financial and gambling regulation - and whether firms should enjoy the reputation of one and the inferior oversight of another.

Sazka hires UK’s Olympic bid-winner for National Lottery effort

Sazka hires Sir Keith Mills National Lottery bid
Czech gambling operator, Sazka, has hired the chairman of London’s 2012 Olympic bid to support its application to run the UK's National Lottery.

UK gambling: What’s next for high-value players?

UK VIPs Gambling What's next for High Value Players
With the Gambling Commission’s consultation on VIPs now closed, industry observers predict what future regulations will govern how firms interact with their most valued customers.

Pragmatic Solutions granted a B2B remote operating licence in the UK

Pragmatic Solutions granted UK b2b licence
Rapidly growing iGaming platform technology provider, Pragmatic Solutions, has obtained a Remote Operating Licence to support their service to UK-licenced gaming operators.

Covid recovery splitting into winners and losers

Covid recovery
Developed economies are noticing huge disparities between which sectors are recovering after lockdowns, and which are not - a K-shaped trend which the gambling industry is struggling to escape.

Gamblers Anonymous: Overlooked and undermined?

Warwick Bartlett Gamblers Anonymous
Warwick Bartlett, chief executive of Global Betting and Gaming Consultants, highlights a lesser-known but longer-standing, successful and self-funded alternative to Gamble Aware - but whose existence is threatened by competition from this state-backed leviathan

Push for UK online stake limits advances in leaked report

online slots stake limits leaked report
The Gambling Commission is weighing up advice to introduce a £1 maximum stake for online slots, according to a leaked report.

Operators and affiliates need to work together on compliance

Operators and Affiliates work together compliance
With regulators turning the screws on the unscrupulous through covid-19, James Ashton, head of content at FindMyUKCasino.com, says affiliates must up their game when it comes to responsible gambling – but greater collaboration with operators is required.

UKGC settlements continue to rise, amid questions over how funds are allocated

UKGC regulator Betway Peter Hannibal Comment
As the UK regulator’s penchant for penalties continues to grow, GBG’s Peter Hannibal questions whether these cash piles are being allocated to their most efficient ends.

Amazon talks for UK National Lottery licence break down

Amazon Lottery UK Gambling Commission
The tech retail giant Amazon was reportedly in talks with the UK Gambling Commission over a potential tender to operate the National Lottery.

UK regulator shows gladitorial muscle with Caesars

Caesars Entertainment
Caesars Entertainment has been ordered to pay a £13m regulatory settlement following a Gambling Commission investigation into its UK casinos.

Markets spooked ahead of UK gambling review

Markets UK Gambling Review
Investors have been offloading gambling stock through February amid concerns that political appeasement may trump the diligence that a rare rewriting of gambling legislation deserves.   British gambling stocks have still not recovered from a £500m sell-off mid-February, triggered by fears that £2 maximum stakes may also apply online. This one measure alone is estimated to reduce the UK’s online sector by...

Only three charities qualify for RET contributions

RET Contributions
The UK Gambling Commission has published its list of just three approved charities to which licensed operators must direct their annual contributions for..

UK market weighs impact of credit card betting ban

UK Credit Card betting ban
While intuitive and politically popular, the UK’s ban on betting with credit cards has been criticised as yet another simplistic solution to a complex problem, with dubious benefits for vulnerable groups.

Bidders line up for UK National Lottery tender

National Lottery tender
Several big names have already thrown their hats in the ring for a licence to run the UK’s largest gambling operator, the National Lottery.

Underage gambling in the regulatory crosshairs for 2020

underage gambling 2020
The New Year promises further regulatory tightening in mature markets; the impact of gambling on the young and under-aged is becoming a dominant theme. As..

Regulus: The UK and its gambling growth myth

Regulus UK gambling growth
Crowing about growth may attract talent and investors, but as we’ve seen in the UK gambling market, too much success can also raise the wrong eyebrows..

Betting with borrowed money on borrowed time

Credit Cards
British consumers could soon be facing a ban on betting with credit cards. But is credit card betting really any less safe than taking out short-term..

Ladbrokes Coral Group to pay £5.9m for failings in anti-money laundering and social responsibility

ladbrokes coral
The Ladbrokes Coral Group has been ordered by the Gambling Commission to pay £5.9m for failings in anti-money laundering and social responsibility practices. An investigation by the Gambling Commission found that between November 2014 and October 2017 Ladbrokes and Coral failed to put in place effective safeguards to prevent consumers suffering gambling harm and against money laundering, with this failing...

UK betting companies paid £19.7m in fines last year

Gambling Commission National Strategy
UK betting operators paid a record £19.7m in penalty fees last year as regulators toughened stance against those failing to adequately deal with problem gamblers and money laundering. A UK Gambling Commission report announced the regulator brought fines against nine operators in the 12 month period. Overall gambling fines increased from £18.4m handed out in 2018 and £1.7m in 2017. Online...

Britain’s opposition party demands licence reapplication for all UK firms

Tom Watson MP online UK Licence reapplication
The opposition Labour Party has called for all online operators in the UK to be forced to reapply for their licences. Deputy Labour leader Tom Watson made

UKGC to ‘drive up standards’ in 2020 plan

Neil McArthur Gambling Commission
The UK Gambling Commission has outlined plans to continue driving up standards in consumer protection and harm prevention in its business plan for the..

STAY CONNECTED

171FansLike
526FollowersFollow

SECTOR NEWS