The UK government wants to stop unlicensed betting operators from sponsoring UK sports teams and events… and is prepared to change the law to make it happen. Their Department for Culture, Media and Sport (DCMS) has launched a consultation this week that will seek responses to the question: should offshore gambling firms be allowed to […]
Regulation
Gambling Commission Officially Green Lights Controversial Financial Risk Assessments
Big spending punters will now be subject to financial risk assessments after the Gambling Commission finally green lit the scheme. The checks were expected to be implemented earlier this year following what the regulator described as a ‘successful’ pilot scheme. However, after facing a volley of criticism over the lack of parliamentary or independent scrutiny, […]
Stakelogic Fined £122,835 for Running Slot Games Too Quickly
The casino game supplier Stakelogic is one of the first companies to breach the Gambling Commission’s directive on slowed-down slots. The regulator’s Remote Technical Standards (RTS) have been updated to make it a licence requirement for a gap of at least 2.5 seconds to be implemented between spins in slot games supplied to UK casinos. […]
Operators to Be Given Longer to Implement New Deposit Limit Rules
Bookmakers and betting operators will be given until September to implement the new rules on deposit limits in their websites and apps. The original deadline was June 30, however following feedback from operators, it became clear that more time was needed to roll-out the technical aspects of the new requirements. That will conclude the second […]
Gambling Commission Delays Decision On Financial Checks Following Ferocious Backlash
The UK Gambling Commission has confirmed that they are delaying the roll-out of their controversial financial risk assessments. It had been assumed that the regulator would green light their policy, abbreviated to FRAs, at their board meeting yesterday. However, after a ferocious backlash, which saw trade bodies, MPs from both sides of the political divide […]