Sheldon Adelson Applies for Online Gambling License
All operators and software suppliers who obtain a licence to access the UK market will be required to comply with any such new and amended LCCP, so their application is likely to be much wider than the existing version.
The amendments which the Commission intends to make are currently open for consultation, with responses requested by 4 December 2013 see for the full consultation documents.
This strengthens the current obligation to identify separate accounts held by the same customer.
Customers would also be required, at the point of depositing funds for the first time, to confirm that they have read and understood the potential risk to their funds.
Any changes in the operator's policy for protection of customer funds would have to be notified to the customer in advance.
This will apply to all gambling operators other than small-scale operators.
So watch this space!
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Gambling Commission strategy 2018 - 2021
Apply to the Gambling Commission for a personal gambling licence or a gambling operating licence if you run or manage a gambling business. The Gambling ...
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