UKGC announces tougher licensing conditions for online operators
The?Gambling Commission, responsible for?regulating gambling and supervising gaming law in the UK, have?imposed tighter?licensing conditions?for online operators?in bid to raise standards.??
The news came following an investigation on three online gambling operators by the Gambling Commission, namely?BGO Entertainment Limited, GAN PLC and NetBet Enterprises Limited, for?money?laundering?and?irresponsible gambling claims. ?
Following the investigation,?BGO and Gan PLC reviewed?their?practices and?have?implemented?improvements?in?order to?ensure?the safety of their customers.??
This?also entails making payments to support the work of the National Strategy to Reduce Gambling Harms,?currently?standing?at?￡2m for BGO,?￡748,000 for?NetBet Enterprises Limited, and?￡146,000 for GAN PLC.?
Additionally, in line with the UKGC’s push for social responsibility, NetBet Enterprise Limited, for instance, are mandated to note the log-in time of their customers during responsible gambling customer assessments. They are also requiring?to place limits on customers showing signs of?problem?gambling by introducing an affordability calculator.?
In the meantime, the Gambling Commission will be reviewing the actions of the individual Personal?Management Licence holders for the three operators.??
Richard Watson, executive director at the Gambling Commission, notes:?
Licensees must protect consumers from harm and treat them fairly. Our recent investigations uncovered a variety of consumer protection and anti-money laundering failings at each of these three operators and as a result we are using a range of enforcement tools against them.? We will continue to crack down on failing operators through our tough and proactive compliance and enforcement work.?
SiGMA Group is excited to announce the launch of its newly?revamped website. The website is currently available in 5 languages, English, Russian, Mandarin, Portuguese, and Spanish with plans to add another 5 languages over the coming months – namely French, Thai, Korean, Japanese, and Hindi.
Following the investigation,?BGO and Gan PLC reviewed?
Licensees must protect consumers from harm and treat them fairly. Our recent investigations uncovered a variety of consumer protection and anti-money laundering failings at each of these three operators and as a result we are using a range of enforcement tools against them.? We will continue to crack down on failing operators through our tough and proactive compliance and enforcement work.
