By The Weekly Edge desk ·
iGaming Today reported that UKGC will direct all future regulatory settlements to the government’s Consolidated Fund. The change ends allocations to gambling-related projects and follows a consultation on financial-penalty principles.
Gambling-related projects will no longer receive money through future regulatory settlements.
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The suspensions halt betting at both operators while requiring them to preserve customer withdrawals and communicate changes affecting customers.
The Commission’s policy, research, statistics and National Lottery regulation functions will be led by a senior DCMS gambling and lotteries leader.
The appointment transfers policy, research and lottery oversight responsibilities to Fox.
Fox’s secondment covers policy and research responsibilities as Miller prepares to leave.
UKGC licence suspensions affect Bet St George and BresBet, with Bet St George suspended five months after launch.
UKGC advises Bet St George customers who believe the operator owes them funds to contact BTG following the administrator appointment.