Legal
December 16, 2020
Does Iain Smith Want to Ban the UK Gambling Commission?
In a recent publication, conservative MP Iain Smith proposed the UK Gambling Commission be replaced with an independent regulatory body that monitors the industry. Furthermore, in light of the ongoing review by the Government of the Gambling Act, Smith urged for bold actions. Can an Independent Regulatory Body Replace the UKGC? UK MP Iain Duncan […]
Industry
December 4, 2020
Gambling Review in the UK Starts on Monday, December 7
The United Kingdom will begin its Gambling Act review on Monday, December 7 in what is the broadest regulatory move the gambling industry on the island has seen since 2005. Gambling Act Review Begins on Monday The long-anticipated review of the Gambling Act will launch this coming week and it will put up several important […]
Industry
December 1, 2020
UKGC Statistics Report Showed 8.1% Rise in Online Gambling
The UK Gambling Commission (GC) published its bi-annual gambling industry statistics report showing growth in online gambling. The remote sector with its £5.7 billion in gross gaming yield (GGY) represented 39.9% of the total £14.2 billion generated by the industry during the reported period of April 2019 to March 2020. The overview report in terms […]
Industry
December 1, 2020
Guardian: Punters Bet £700m Less on Gambling Since FOBTs Changes
Provisional data by the UK Gambling Commission has revealed that punters wagered £700 million between April 2019 and March 2020. Yet, the Betting and Gaming Council believes the industry impact has been much bigger than reported. FOBTs Numbers Don’t Drop as Badly, Says The Guardian A new article published in The Guardian argues that punters […]
Sports
November 14, 2020
UK Sports Betting Increase in September, Gambling Commission Says
The UKGC sees increased sports betting activity in September owing to live sports return and reports higher gross gambling yield (GGY) in the month. September’s Live Sports Betting Increases, UKGC Says The United Kingdom has seen a small spike in the country’s sports betting activity, following the return of the Premier League. According to new […]
Business
November 13, 2020
UK Slots Gross Gaming Yield Low in September
Recent data revealed by the Gambling Commission in the UK outlines that the slots gross gaming yield (GGY) in September decreased by 4% when compared to August. In contrast, sports betting GGY in September marked a 15% increase, reaching £189 million. Slots GGY in September Reaches New Low Point Recent numbers by the Gambling Commission […]
Legal
November 11, 2020
UKGC Fines BoyleSports £2.8m for Reported AML Failures
BoyleSports has been fined by the UK Gambling Commission over anti money-laundering compliance failures. The sportsbook has accepted the fine and assisted the regulator throughout the investigation. BoyleSports Fined £2.8m over AML Failure The UK Gambling Commission (UKGC) has issued a stiff penalty to BoyleSports, imposing a £2.8 million fine. The penalty comes in the […]
Industry
November 9, 2020
GC: KYC and Affordability Checks Need Further Improvement
The gambling industry watchdog in the UK outlined further improvements for the areas of Know Your Customer (KYC) and affordability checks are needed, as current efforts from licensees continue to fall short of the regulator’s expectations. The British Gambling Commission (GC) released its annual Compliance and Enforcement Report, along with the first ever National Strategic […]
Legal
November 7, 2020
UKGC Urges Gambling Operators for Responsibility during Lockdown
The COVID-19 pandemic brought a new lockdown effective in England from this Thursday through December 2. Considering that casinos, as well as many other businesses, are now closed and a big part of the population will spend more time at home, the Gambling Commission asked the operators in the country to conduct online business responsibly. […]
Legal
November 5, 2020
UKGC Considers £100 Loss Limits, Calls on Stakeholders for Evidence
The UK Gambling Commission (UKGC) has asked for evidence from stakeholders whether a proposed £100 loss limit is justifiable. A Proposed £100 Loss Limit Sends Scares in the UK Market The UK Gambling Commission (UKGC) is flirting with a new idea that has sent chills down the spines of gambling firms. Will a potentially industry-ending […]