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Gambling Commission issues ICO warning regarding GlobeCas

In an unusual move, the Gambling Commission has published on its website a warning by way of “information notice” that states as follows: “We have been made aware that a company seeking investment in an Initial Coin Offering (“ICO”) operation is claiming to be licensed by the Gambling Commission. We would like to make it clear that GlobeCas does […]

32Red to pay £2million penalty package for AML and social responsibility failure

In a public statement published by the Gambling Commission today (that can be downloaded below), it has been revealed that online gambling business 32Red has been heavily penalised for not protecting a consumer from gambling-related harm and for money laundering failures. The Gambling Commission investigation focused on 32Red’s dealings with a customer who, between November […]

We comment on speculative media reports of a 2 year reprieve for FOBTs but earlier increase in RGD

An article in The Times on 15 June entitled “Bookies won’t have to curb fixed-odds stakes for two years” has resulted in a flurry of gambling industry media articles, including in SBC News entitled “UK Government to implement online tax rise before FOBT stake cuts” and on CalvinAyre.com entitled “UK to hike remote gaming duty before slashing FOBT […]

FOBT revenue shortfall to be covered by increased RGD

Somewhat hidden by today’s news of the reduction of FOBT maximum stakes to £2 is an announcement on the DCMS website that says: “In order to cover any negative impact on the public finances, and to protect funding for vital public services, this change will be linked to an increase in Remote Gaming Duty, paid by online […]

Government announces FOBT maximum stake is to be cut to £2

The Government has just published its review of gaming machines and social responsibility measures (that can be downloaded below, together with its accompanying Impact Assessment). As part of the review, the Government has decided that it will reduce the maximum stake on an FOBT [B2 gaming machine] from £100 to £2. Insofar as timing is concerned, […]

US Federal ban on sports betting is ruled unconstitutional

The US Supreme Court has today delivered its opinion in the case of Murphy v. National Collegiate Athletic Association. The Court’s 6-3 ruling has determined that the federal ban on sports betting as established by the Professional and Amateur Sports Protection Act of 1992 (PASPA) is unconstitutional. The opinion of the Court (that you can read here) was […]

Gambling Commission proposes increased regulation in its “Online Gambling Review”

The Gambling Commission has today published its “Online Gambling Review” (that can be downloaded below) in which it sets out its “new plans to make gambling online in Britain safer than ever before”. Those plans include: further protecting children by banning operators from providing free-to-play demo games until a consumer’s age has been determined, improving the […]

Gambling Commission maintains reduction of risk stance on gaming machines and social responsibility

The Gambling Commission has today published its advice to support the Government with its review of gaming machines and social responsibility measures (that can be downloaded below, together with the accompanying letter sent to the Secretary of State for Digital, Culture, Media and Sport on 28 February 2018). In what is a comprehensive package of measures that, taken together, […]