Archive | August, 2022

Online operator Spreadex to pay £1.36million for AML and social responsibility failings

Just eight days after announcement of the record £17 million regulatory sanction incurred by Entain for AML and social responsibility failings, the Gambling Commission has today (25 August 2022) announced that, pursuant to a regulatory settlement, remote gambling business Spreadex Limited is to pay £1.36 million for similar types of failing. Today’s announcement by the Commission reads as […]

‘Public Health Policies and interventions to reduce harmful gambling’ study is heavily criticised

On 1 October 2021, Public Health England (‘PHE’) published an evidence review of gambling-related harms in England which – it claimed – “reveals harms associated with gambling estimated to cost society at least £1.27 billion a year”. Subsequently, this report became widely regarded as flawed, as is explained in an iGaming Business article entitled ‘The flaw […]

BGC joins call for urgent action on energy crisis

The Betting and Gaming Council has published on its website a call for urgent action by the next Prime Minister to protect the hospitality, leisure and gambling sectors from ‘catastrophic’ energy price hikes, stating as follows: Betting and Gaming Council joins call for urgent action on energy crisis to protect hospitality and leisure industries Urgent […]

Industry reaction to Entain paying £17m to the UKGC over social responsibility and AML failures

Comments by David Clifton feature in an EGR Compliance article entitled ‘Industry reaction to Entain paying £17m to the UKGC over social responsibility and AML failures’, carrying the sub-heading ‘As the UK’s gambling watchdog enforces its largest ever censure of an operator, how was the news greeted around the sector?’. You can find full details […]

Record £17million payment to be made to the UKGC following AML and social responsibility failings by Entain

The Gambling Commission has today (17 August 2022) announced a regulatory settlement involving the largest payment ever made by a UK licensed gambling operator in lieu of a financial penalty. The operator is Entain Group which will pay a total of £17million (to be directed towards socially responsible purposes), made up of: LC International Limited […]

Smarkets (Malta) Limited fined £630,000 for AML and social responsibility failings

The Gambling Commission has announced that remote betting intermediary, Smarkets (Malta) Limited has incurred the following sanctions after a review of its operating licence disclosed anti-money laundering and social responsibility failings: a warning under section 117(1)(a) of the Gambling Act 2005 in respect of the breaches identified an additional condition has been attached to its […]

UKGC publishes ‘market impact data on gambling behaviour – operator data to June 2022’

The Gambling Commission has published its ‘Market impact data on gambling behaviour – operator data to June 2022’ (that you can download below) Market impact data on gambling behaviour – operator data to June 2022 The Gambling Commission has published further data showing how gambling behaviour is reacting to current environmental factors in Great Britain. […]

ASA ruling underlines that ads must not suggest gambling is a way to solve financial concerns and achieve financial security

In a ruling published yesterday (3 August 2022), the Advertising Standards Authority has upheld a complaint in relation to an in-app ad for a mobile app casino game (prepared by an affiliate organisation for Rank Digital Gaming (Alderney) Limited) suggesting that gambling was a way to solve financial concerns and achieve financial security. By reason of […]