UKGC Suspends Stakers Licence Over Unstated Compliance Issues

Due to a number of unstated compliance issues, the UK Gambling Commission placed an indefinite suspension on the licence of igaming and sports betting operator Stakers.

Stressing that a study has been initiated pursuant to section 1Sport16 of the Gambling Act 2005, the UKGC has taken a decision to’ suspend the Stakers Limited Combined Remote Operating License–Real Event and Virtual Betting Casino.’

Stakers is no longer allowed to offer gambling services via its website in Great Britain as a result of the ban, which has become effective immediately.

The business has also been instructed to make it easier for consumers who access their accounts to withdraw funds and to warn players not to place bets on the website.

In a media release, the regulator states that it believes that Stakers has infringed a condition of licence (section 116(2)(a) of the Gambling Act 2005) and that it is illegal to carry on the approved activities (section 116(2)(c)(i) of the Gambling Act 2005), with a suspension of the licence pending the completion of a study.

Section 116(2)(a) of the Gambling Act 2005 provides that the Commission may investigate any matter relating to the provision of gambling facilities as permitted by an operating licence where the Commission ‘ has reason to suspect that activities may have been carried on in purported reliance on the licence but not in accordance with a condition of the licence.”

In addition, section 116(2)(c)(i) specifies that the UKGC may request a licence investigation if it “suspects that the licensee may be unsuitable to carry on the licenced activities”.