iGaming Business – The London law firm Jeffrey Green Russell has allowed iGaming Business to publish its latest industry update concerning developments in the UK’s move to regulate and license remote gambling on a point of consumption basis. The information below assumes a degree of knowledge regarding the ongoing process and while the Bill is directed at remote gambling and is of particular interest to that sector, there are associated changes taking place to the Licence Conditions and Codes of Practice attaching to ALL UK licenses, which those already licensed here also need to be aware of.
The Gambling Commission has issued a note summarising its responses to a number of common questions raised over the last few weeks by prospective UK remote gambling licence applicants and their legal advisers, shedding some further light on the Commission’s thinking and requirements.
On existing grey market business/territories: they want B2C applicants to inform them of markets making up at least 3% of revenues, but for operators with less than £5M total revenue only those markets which comprise more than 10%.
The Commission will require an explanation for each such jurisdiction as to why the operator thinks it is not acting unlawfully.
Where the applicant has no licence in the relevant jurisdiction the Commission wants to understand the legal rationale of transacting with end users there. Where legal advice has been taken, they want to know who advised, but do not expect to see the advice.
