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Compliance Updates

UKGC Appoints Andrew Rhodes as Interim CEO

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UKGC Appoints Andrew Rhodes as Interim CEO
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The UK Gambling Commission (UKGC) has appointed Andrew Rhodes as its new interim CEO.

With over 20 years of private and public sector experience, Andrew will join the Gambling Commission later this month to take up the post for an 18-month period. The Commission’s previous chief executive, Neil McArthur, left his role in March.

Andrew joins the Commission from Swansea University where he was Registrar and COO. Prior to his role in Swansea University, Andrew has held senior roles at a range of organisations including the Department for Work and Pensions, Food Standards Agency and the DVLA.

Andrew Rhodes said: “The Gambling Commission is one of the world’s highest profile and most respected regulators so I am delighted to join the team at such an important time. Protecting the public and players from gambling harm will continue to be central to our work and I am looking forward to meeting people from across the industry and those with lived experience to understand the issues and opportunities which lay ahead.

“This is a great time to have the opportunity to work in gambling regulation. The Government’s Gambling Act Review represents a fantastic opportunity to deliver real and sustained improvements in the way gambling is provided and regulated. As the regulator we have a unique and important role to play at the forefront of that change.”

Bill Moyes, Chairman of UKGC, said: “Andrew has a first-class track record of delivery, strong leadership and innovation both in the private sector and in the civil service.

“I have no doubt he will prove to be an exceptional appointment here at the Commission and it comes at a time when the spotlight is on gambling regulation and operators. I am looking forward to working closely with Andrew as I prepare to hand over to a new chair in September.”

Compliance Updates

Spinomenal secures B2B UKGC licence

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Spinomenal secures B2B UKGC licence
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Spinomenal, the leading iGaming content provider, has secured its B2B licence from the UKGC to open further opportunities within one of the world’s premium markets.

Spinomenal’s rich roster of slot games is now readily available for UK operators, which includes Lucky Jack – Lost Jungle, Wolf Fang, Demi Gods III as well as the revolutionary shared Spinomenal Universe.

The star content provider now boasts gaming licences for a wave of the most highly coveted regulated territories. The UKGC licence joins approval from the Malta Gaming Authority, Sweden, Netherlands and Romania.

Retro Gaming, a classic slots studio powered by Spinomenal, is now also in position to extend its reach and allow partners to diversify their offering with nostalgic entertainment.

Spinomenal’s Head of Partnerships Olga Sirokha, commented: “Securing our UK gaming licence is a huge moment as it allows us to share our outstanding slots library with partners working in this prestigious market. Our Retro Gaming project is gaining momentum all the time and we expect this to accelerate now we’re able to target UK-licensed operators with its range of classic entertainment products.”

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Compliance Updates

Smarkets Fined £630,000 for AML and Social Responsibility Failings

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The UK Gambling Commission (UKGC) has handed a £630,000 fine to betting exchange Smarkets after identifying a series of anti-money laundering and social responsibility failings, including letting a player deposit a six-figure sum without appropriate checks.

According to UKGC, Smarkets allowed customers to gamble without carrying out sufficient source-of-funds checks, while the operator was also found to have failed to identify and interact with customers at risk of experiencing harm.

Specific examples published by the Commission included one customer being allowed to deposit £395,000 during a four-month period, without appropriate source of funds checks being carried out by Smarkets.

The Commission also highlighted a case where an individual was able to transfer significant levels of funds between accounts without scrutiny or source-of-funds checks.

Sarah Gardner, Commission Deputy CEO, said: “This case was identified through compliance checks and once again highlights how we will take action against gambling operators who fail their customers.

“Our investigation into Smarkets unearthed a variety of failures where customers were put at risk of gambling harm.

“It was obvious that poor systems and processes were in place which contributed to these breaches, driven by the company’s failure to effectively implement its policies and controls.”

The operator has also received a formal warning and will undergo an audit to ensure it is effectively implementing its anti-money laundering and social responsibility policies, procedures and controls, in line with section 117(1)(b) of the Gambling Act 2005.

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Openbox Gaming offers gateway to Asia

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Openbox Gaming offers gateway to Asia
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New provider will deliver fresh content opportunitues to both operators and suppliers

Openbox Gaming, a fast-growing distributor of iGaming content across Asia and other markets, has been issued an IOM OGRA Software Supplier licence by the Isle of Man Gambling Supervision Commission (GSC).

Having secured the Software Supplier licence, one of the industry’s newest iGaming distributors with a unique USP will be in a position to supply a portfolio of online casino games from a variety of internal and external suppliers, to licensed B2B gaming partners and B2C operators.

Richard Hogg, CEO of Openbox Gaming, commented: “We are excited to be able to continue in our mission to deliver gaming content to regulated jurisdictions worldwide and see this as a major step in achieving those objectives. We selected the Isle of Man Gambling Supervision Commission due to its established and proven reputation and its robust licensing process, which provides the ideal platform for our expansion into regulated markets.”

Tony Ure, Head of eGaming, Digital Isle of Man added: “It is a pleasure to welcome Openbox Gaming to the Island. Ensuring that the Island has a supportive ecosystem for gaming companies to operate their business, whilst maintaining our reputation as a highly regulated jurisdiction that prides itself on player protection is key to continuing the growth of this sector on the Isle of Man. I wish Openbox Gaming every success with their future ventures.”

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