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UK Suspends Gameaccount Gambling License

4/1/10 - The UK Gambling Commission has commenced a review under section 116 of the Gambling Act 2005 and, under section 118 of the Act, has decided to suspend that part of Operating Licence number 000-002604-R-104107-004  issued to Gameaccount Global Limited relating to remote casino activity, whilst the review takes place.
 
The suspension is an interim measure, the need for which will be kept under consideration during the review.
 
The Commission will make no further comment until the review is complete.
 
GameAccount Global Limited is a mainly skill games operator that has online (remote) gambling interests in the CasinoRip.com online blackjack site.
 
According to section 120 of the Gambling Act of 2005, the Gambling Commission may suspend or revoke an operator’s licence if ‘a licensed activity is being or has been carried on in a manner that is inconsistent with the licensing objectives’. In addition, a licence may be delayed or withdrawn if ‘a condition of the licence has been breached’ or if the licensee has ‘failed to cooperate with a review under section 116’ or is ‘unsuitable to carry on the licensed activities’.
 
Suspension may also be invoked if a ‘licensee has failed to comply with a requirement of regulations under section 101’ or ‘has failed to submit the licence to the Commission for amendment in accordance with section 105’.
 
Finally, section 120 of the Gambling Act contains a provision when considering a licensee’s suitability that gives the Gambling Commission regard to ‘the integrity of the licensee or of any person who exercises a function in connection with or is interested in the licensed activities’.  If poker is your game get your exclusive PartyPoker Bonuscode. With our Partypoker BonusCodes your will get up to $500 free on your first deposit.

The body may also consider ‘the competence of the licensee or of any person who exercises a function in connection with the licensed activities to carry on the licensed activities in a manner consistent with pursuit of the licensing objectives’ along with the ‘financial and other circumstances of the licensee or of any person who exercises a function in connection with or is interested in the licensed activities and, in particular, the resources available for the purpose of carrying on the licensed activities’.
 
It is not known whether the GameAccount suspension has anything to do with an Advertising Standards Association finding recently (see previous InfoPowa report) that a GameAccount advertisement was deliberately misleading in implying greater rewards with less risk at its site than other online casinos.

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Gambling News :

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

SOUTH KOREANS BUSTED IN THAILAND ON ONLINE GAMBLING CHARGES - Those detained were named as Jeong Kyujin (35), Han Kyoreh (26), Choi Sung Ming (35) and Bae Jeonghwan (26), all of whom claimed that they had bene hired by a Korean man to operate online gambling sites.

China Lottery Sales Up in 2016 - The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).

New chairman and a new director for 500.com - Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.

Russian betting Sites to face rise in tax rates - Online bookies also pay a 1 percent commission on each transaction through the TSUPIS, and face levies at 5 percent of GGR to assist Russian sports federations.

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