Key Takeaways
- UKGC consultation on changes to license conditions launched in advance of new gambling laws.
- Third party relationships, implementing new EU directives and customer protection are key updates.
- All gambling software providers must be licensed when the new laws come into force.
- A disconnect between definitions of players subject to tax and those subject to regulation could cause major problems if it is not resolved before the two new laws on Gambling and Finance are passed.
In addition to the consultation on player fund protection, the UK Gambling Commission (UKGC) has also announced a consultation on proposed amendments to the Licence Conditions and Codes of Practice (LCCP) for gambling operators.
The big ticket items in the Commission’s list of proposed changes relate to poker networks and software providers, the consistent theme being to ensure that outsourced operations—which are, by definition, not so tightly controlled by operators themselves—should also meet the Commission’s licensing standards. Similarly, the Commission proposes changes to marketing, particularly when conducted by affiliates.
