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Monday, 22 October, 2018

Online casino operators may face licence reviews after Gambling Commission probe

Gambling Commission chief executive Sarah Harrison: "We will be relentless"
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Five online casino operators could face a licence review by the Gambling Commission and a further 12 are being investigated owing to concerns about the sector's approach to anti-money laundering and social responsibility.

The industry regulator has written to all online casino operators about their concerns following a review of how well operators are meeting their obligations.

A licence review is one of the strongest sanctions the Gambling Commission can use, giving it powers to impose a financial penalty and suspending or even ultimately withdrawing an operator's licence.

None of the operators under threat has been named by the regulator.

Outgoing commission chief executive Sarah Harrison said: "It's vital the gambling industry takes seriously its duty to protect consumers and keep crime out of gambling.

'We will be relentless'

"The Gambling Commission’s new strategy sets out our vision for a fairer and safer gambling market. The action we are taking to examine online casino operators' compliance with money laundering and customer interaction requirements is just one example of how we will be relentless in turning that vision into reality."

The commission is already carrying out a wider review of online gambling, while the industry is also waiting to hear what action the Competition and Markets Authority plans to take over operators' terms and conditions and other practices that have come under fire.

Harrison added: "As the online sector continues to grow, and now accounts for a third of the British gambling market, it is right that we maintain a sharp focus on online gambling.

"That is why, in addition to our work on compliance among online casino operators, we've also been conducting a wider-ranging review of online gambling, looking at how the market has evolved and to identify where further action can be taken to make gambling fairer and safer for consumers."


Members can read the latest exclusive interviews, news analysis and comment available from 6pm daily on racingpost.com


 

It is vital the gambling industry takes seriously its duty to protect consumers and keep crime out of gambling
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