Gaming

In Touch Games Has License Suspended After Years of Fines

Gambling Commission announces suspension The UK Gambling Commission announced a suspension of In Touch Games Limited’s gaming license on Friday. The suspension will remain in effect while the commission conducts a review under section 116 of the Gambling Act 2005. We have suspended the operating licences of online gambling business In Touch Games Limited. It is suspected the operator failed

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Gaming

UK Government Won’t Categorize Crypto Trading as Gambling Despite Report Recommendations

The UK government has no plans to categorize cryptocurrency trading as a form of gambling for regulatory purposes. more closely resemble gambling than a financial service.” A report from the House of Commons Treasury Committee advised that the characteristics of cryptocurrency trading “more closely resemble gambling than a financial service.” However, Economic Secretary to the Treasury Andrew Griffith stated that

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Betfred Failed to Intervene When Bettor Staked £517,499 in Two Months, Says UKGC Ruling

The UK Gambling Commission (UKGC) has fined sports betting operator Betfred £3.3m ($4.3m) for social responsibility and anti-money laundering failures. It’s actually not the first time the company has had to pay for faults in the UK space, forking out £2.9m ($3.8m) in 2022 for similar mistakes. insufficient controls to protect new customers This time around, Done Bros, the company

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Gaming

Star Racing Latest UK Operator Penalized for AML and Social Responsibility Failings, Fined £594,000

Star Racing Limited is the latest gambling operator to be hit with a fine from the UK Gambling Commission (UKGC) over anti-money laundering (AML) and social responsibility failings. The company has to pay a £594,000 ($777,482) penalty and adhere to additional licensing conditions on the back of the UKGC decision. The violations took place between March 2020 and May 2021,

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Gaming

Videoslots Fined £2m by the UKGC for Failing to Properly Protect Players

Videoslots Limited must pay a £2m ($2.6m) financial penalty after the UK Gambling Commission (UKGC) took action as a result of various anti-money laundering (AML) and social responsibility failings. The company, which operates numerous online gambling platforms, has accepted the regulator’s findings. not implementing its risk-based processes One of the main social responsibility issues was not having a good system

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Gaming

Cheltenham Festival likely contributor to GB online gross gaming yield from January to March 2023 hitting £1.30 billion

Online total gross gambling yield (GGY) in Great Britain reached £1.30 billion (€1.51 billion/$1.62 billion) in the last quarter of the financial year (Q4), climbing five percent from the same period the year prior, while improvement was also seen in GGY for the brick-and-mortar sector, according to a recent gambling behavior report published by the UK Gambling Commission (UKGC) The

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Gaming

888 Facing Record UKGC Fine of £20m+, According to Reports

Monster fine in the cards Online gambling operator 888 Holdings is facing a record-breaking fine from the UK Gambling Commission (UKGC) following an investigation into the company’s anti-money laundering and social responsibility obligations. set aside £15m ($17m) to cover the penalty According to the Daily Mail, the global betting giant has set aside £15m ($17m) to cover the penalty. Industry

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Gaming

UKGC Fines Sportsbook 10Bet £620,000 for Online Violations

The UK Gambling Commission (UKGC) has fined the parent company of online sportsbook 10Bet £620,000 ($748,000) after the firm breached social responsibility licensing rules from November 2019 to June 2021. The UK regulator found negligence in the Blue Star Planet-owned sportsbook’s money laundering and responsible gambling structures, as well as issues in its reporting. 10Bet did not “did not act

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Gaming

UKGC Hits In Touch Games With £6.1m Fine, Bringing Operator’s Bill to £11.7m Since 2019

In Touch Games is a repeat offender in the UK gambling market. The UK Gambling Commission (UKGC) has made the operator cough up cash two times before, and it has just announced a new financial penalty totaling £6.1m ($7.5m). In Touch Games operates 11 gambling websites, including bonusboss.co.uk, cashmo.co.uk, and drslot.co.uk, among others. According to a UKGC release on Wednesday,

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Gaming

Allwyn Gets All Clear for Camelot UK Takeover, Camelot CEO Exits

Ready to proceed The UK Gambling Commission (UKGC) has given the green light to Allwyn Entertainment’s acquisition of Camelot UK Lotteries. Allwyn is set to take over as the operator of the UK National Lottery from Camelot in February 2024. help make sure that the transition of the UK National Lottery license is smooth The company initially agreed to acquire

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Gaming

UKGC Fines Estonian Operator TonyBet £442,750 Over Unfair Terms for Winners

The UK Gambling Commission (UKGC) has dished out another financial penalty, this time to Estonia-based sportsbook operator TonyBet. demanded identification documents for “all withdrawals” The gaming regulator announced the £442,750 ($546,305) fine in a press release on Wednesday. TonyBet will pay the fine as a result of “unfair terms” published on its website. Among its rules, TonyBet demanded identification documents

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