BetFred

BetFred in Anti Money Laundering Failings

Petfre ( Gibraltar ) Limited who own and operate BetFred are the latest in a long line of UKGC licensed iGaming operators that have been found by the Gambling Commission to have failings in their anti money laundering procedures.  With the Gambling Commission announcing that Petfre ( Gibraltar ) Limited have been ordered to pay a ‘penalty package’ amounting to the sum of £322,000. After an investigation carried out by the UKGC, it was subsequently found that BetFred failed to carry out adequate anti money laundering and source of wealth checks, on a customer that deposited in total £210,000 in […]

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Norway

Norway Regulator Lottstift Remove over 200 Operators from its Register

The Norwegian regulator responsible for policing gambling in Norway, Lottstift ( Lotteri- og stiftelsestilsynet ), have announced the removal of 211 organisations from its register of gambling operators. This move has come about due to the operators who were approved to offer bingo and lottery games, failing to file their accounts within a specified time frame set by Lottstift. A press release issued on Lottstift’s site on the 4th October 2019 which can be viewed here, states that  there were 211 voluntary organisations that did not submit accounts before the given deadline. This has resulted in Lottstift deleting these organisations […]

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Loot Boxes

Loot Boxes – Should they be considered as a Gambling Product?

There has been much discussion concerning loot boxes in the main stream media over the past few months, as to whether they should be considered as a gambling product and be regulated accordingly. Indeed back at the beginning of 2018, the live casino comparison site, Live Casino Comparer, published a study and results of a survey that they undertook in December 2017, gauging as to whether loot boxes should be classed as gambling and regulated as such. For interest the survey results which were published on 12th January 2018, can be viewed here and show that 60% of those surveyed, […]

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ASA

Advertising Standards Authority Censure Operator over Adwords Ad

The Advertising Standards Authority have this morning censured an online casino operator for using google adwords to promote an online slot game, that the ASA felt could attract the interest of children under 18. The adwords advertisement in question was published by 32Red and targeted the search term ‘Jack and the Beanstalk’ in relation to the slot game developed by NetEnt of the same name. In light of the changes to the LCCP that came into force on 7th May concerning the promotion of free play games only to those individuals of 18 and over, plus the fact that games […]

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Holland

Remote Gambling in Holland to open for Business on 1st January 2021

Earlier this year on 19th February 2019, the Dutch Senate passed a draft bill on Remote Gambling in the Netherlands, which in doing so will allow the regulation of remote ie. online gambling. A date has not been set in stone as to when online gambling will be legalised and regulated, but the regulator, Kansspelautoriteit, expect it to be 1st January 2021. Currently it is still illegal for iGaming operators to target and market their products to Dutch residents and the KSA ( Kansspelautoriteit ) take a dim view on any operator doing so. To this extent, several well known […]

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spelinspektionen

Spelinspektionen to Hold Meeting with Operators

At the start of this week the Swedish Gaming Regulator, Spelinspektionen, have invited all current holders of a license to provide gaming services in the country to a meeting on Tuesday 17th September 2019, to discuss various aspects of regulation within the country. As well as key members from Spelinspektionen, in attendance will also be  individuals representing the Swedish Tax Agency, Gaming Inspectorate, Financial Police and the Swedish Consumer Agency. Items on the agenda for discussion will include money laundering, responsible gambling and match fixing, with purpose of the meeting to create a greater understanding as to what is expected […]

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Credit Cards

UKGC Consultation on Gambling with Credit Cards

The UKGC commenced a consultation process with regards being able to gamble online using credit cards as a method of deposit on the 14th August. The consultation process which will run until 6th November later this year, is a result of calls to ban the practice of players being able to use forms of credit to fund their gambling activity online. Earlier this year the Gambling Commission called for evidence on gambling with credit cards between the months of February and May. This came about after advice from the Responsible Gambling Strategy Board, that gambling with borrowed monies was an […]

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Marketing and Compliance

An email was sent out recently by the Gambling Commission concerning compliance with the regulations laid down by the commission and the marketing activities undertaken by licensees. In the email the UKGC focused on the need for licensees to put compliance with their regulations above everything else, including the marketing activities an operator undertakes. “The role of regulatory compliance carries responsibility for ensuring that the licensee acts in accordance with its regulatory obligations and that the licensee puts the licensing objectives at the heart of its operations.” It is therefore of paramount importance that operators ensure any promotions of their […]

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Multiple Bonus Offers Not Acceptable in Sweden

The offering of multiple bonuses to Swedish customers is an area that the regulator Spelinspektionen frowns upon, which has seen them hand out penalties and fines to operators who have been found to breach this rule. Spelinspektionen have been clear with regards this, stating: “Gaming companies with a Swedish license may only offer their customers a bonus at the first game opportunity.” This new ruling which forms part of the regulations Swedish licensees have to adhere to, came into force on 1st January 2019. However, the issue of offering bonuses and the subsequent penalties meted out by Spelinspektionen to several […]

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Free Play Games for UK Residents a No Go

After 7th May earlier this year, the facility for iGaming operators and also their affiliates  to provide free play casino games to their visitors who reside in the UK is no longer allowed, unless a suitable age verification system has been put in place. The changes in this particular area to the LCCP ( License Conditions and Code of Practice ), came about due to concerns that free play casino games and the unrestricted ability to play them, was encouraging under age gambling. Operators who hold a license from the UKGC have been quick off the mark to deal with […]

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