UKGC reviews 888’s license
The UKGC is reviewing online gambling operator 888’s license and its compliance with social responsibility measures and problem gamblers exclusion.
UK.- The United Kingdom Gambling Commission (UKGC) is reviewing 888’s online gambling license in order to examine its obedience of social responsibility regulations and its efficiency in problem gambler exclusion programs around its platforms. The measure follows other reviews to fellow operators like Betfred, Gala Coral and Paddy Power.
“The company is dedicated to providing players with a responsible as well as enjoyable gaming experience and the licensee will be proactively engaged in a cooperative and collaborative manner with the UKGC throughout this review,” said 888 in a statement on the review. The company, that could be fined by the Commission, added: “The company will make a further announcement as and when appropriate.” 888’s stock value has dropped by more than 10 percent since the announcement.
The British regulator had already found flaws in Paddy Power Betfair in February 2016, when it discovered it wasn’t standing by anti-money laundering regulations and standards of social responsibility. Back then, the operator had to pay a settlement of £280,000 to socially responsible causes. Another company, Betfred, also paid £800,000 in June 2016 after the UKGC found similar flaws.
