Online gambling

UKGC suspends online gambling operator’s license for failing to participate in GAMSTOP

The UK Gambling Commission has revealed that it has suspended an online gambling company from transacting with UK customers after the operator has not participated in GAMSTOPthe nation’s safer gambling self-exclusion program.

Since November 3, 2022, LEBOM Limitedwhich trades from the platform, has been suspended from trading with immediate effect until the UKGC obtains evidence that the firm has fully integrated the GAMSTOP program. In addition, the gambling watchdog disclosed that it had launched a review of LEBOM’s operating license. under section 116 of the UK Gambling Act 2005.

The Gambling Commission has informed LEBOM Limited that during the suspension of its licence, the company should stay focused on treating our customers fairly. The gaming operator is also required to keep its users fully informed of any development that may affect them.

The suspension of LEBOM Limited’s operating license No. 057417-R-333051-002 does not prevent the gaming company from allowing its customers to access their accounts and withdraw their potential earnings.

As Casino caretaker previously reported, the GAMSTOP self-exclusion program was specifically for people who have trouble controlling their gambling habits and need help quitting. Two years ago, in 2020, the UK gambling regulator made it mandatory for everyone online game operators who are targeting UK customers to implement the scheme to ensure better protection for local players.

GAMSTOP self-exclusion services unveiled to help problem gamblers in the UK

UK Gambling Regulator’s Executive Director of Operations Kay Roberts highlighted the fact that GAMSTOP provides a self-exclusion service which is extremely important for people who know they suffer from negative effects of gambling-related harm. This is why the UKGC finds it totally unacceptable for an online gambling company not to participate in the scheme and ensure that their customers are well protected against gambling-related harm.

The UKGC has already demonstrated its determination to enforce stricter rules and sanction gambling companies that do not operate in accordance with their obligations under the existing legislative framework. So far, the Gaming Commission has imposed heavy fines on some of the largest online gambling operators in the country, including hear, Bet, Marketsetc

Most recently, in September 2022, the country’s gambling regulator imposed a fine of £408,915 on Betwaya popular sports betting brand for the company’s alleged promotion of products to underage audiences by adding its hyperlinked logo on the children’s pages of the West Ham United FC website

Just a month earlier, in August, the Gambling Commission had ordered betting and gaming giant Entain to pay a £17million fine after the operator was found to have failed to comply with certain anti-money laundering procedures and social responsibility obligations. And in July, another online game company – Markets – suffered a regulatory backlash after the UKGC hit him with a £630,000 fine, formal warning and independent audit order over anti-money laundering breaches money and social responsibility.

Olivia Cole

Olivia Cole has been working as a journalist for several years now. Over the past two years she has written about a number of industries and developed an interest in the UK gaming market.

Daniel Williams