Posts Tagged :

UK Gambling Commission

UKGC Imposes £450,000 Fine on VGC Leeds Limited

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has announced that it has fined VGC Leeds Limited, the company that runs Victoria Gate Casino, a total of £450,000 following an investigation that revealed social responsibility and anti-money laundering failures at the casino. Helen Venn, Executive Director of UKGC, said: “These failings were identified as part of our…

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Sorare to Be Investigated Because of Unlicensed Gambling Platform

 The HALLO ECHO
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  As a result of an unlicensed gambling platform, Sorare will be investigated. Sorare is currently under investigation by the UK Gambling Commission because it does not have a gambling license to operate in the country. The Gambling Commission will look into whether Sorare needs a gambling license and whether the business is legal or…

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Regulatory action against EU Lotto

 The HALLO ECHO
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  A gambling business must pay a £760,000 fine and undergo extensive independent auditing after a Commission investigation revealed social responsibility and money laundering failures. EU Lotto – which operates the lottoland.co.uk website – has also received a formal warning for the failures which occurred between October 2019 and November 2020. Social responsibility requirement failures…

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UKGC Responds to Independent Inquiry into BetIndex

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has announced that it will make changes to the way it regulates innovative digital gambling products. The announcement follows publication of the Independent Review of the Regulation of BetIndex Limited. The Review highlighted areas where the approach of both the Commission and the Financial Conduct Authority (FCA) could be…

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Parliamentary Group Launches Inquiry into Conduct of UK Gambling Commission

 The HALLO ECHO
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  The Parliamentary All Party Betting & Gaming Group has decided that for the year 2021/2022 it shall focus some of its time undertaking an investigation into the competence and effectiveness of the regulator of British gambling, the Gambling Commission. ​The Gambling Commission was widely criticised in a number of reports published in 2020 by…

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UK Gambling Commission Wins IAGR Regulatory Excellence Award

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has won the Regulatory Excellence award in IAGR’s inaugural International Regulatory Awards. The Gambling Commission got the award for their wide-scale collaboration with the industry on three areas of concern, leading to a fast track of consumer protection changes. Those areas were: incentives for High-Value Customers, or VIP schemes…

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