UKGC Suspends Lotteries.com License Over Responsibility Concerns
The UK Gambling Commission has suspended Multi Media Entertainments Limited’s operating license, affecting its Lotteries.com and thelotterycentre.com websites.
According to reports, the Gambling Commission suspended the firm’s license due to AML (Anti-money laundering) and social responsibility concerns. However, no further details from the Commission nor Multi Media Entertainments Limited has been confirmed.
As a result, the firm’s betting and casino licenses were suspended this week as the Gambling Commission launches a review into the operator. As of now, the operator’s Lotteries.com website is no longer allowed to operate in the UK and offer services to players based in the jurisdiction.
In an official statement from the Commission, the regulatory body cited section S116 of The Gambling Act 2005 and section 118(2) of the Act, which allows the Commission to suspend licenses over a firm’s failure to adhere to the Commission’s license requirements.
The commission said in a statement: “The suspension of International Multi Media Entertainments Limited takes effective immediately. We have instructed the operator to ensure that it facilitates customers’ accessing their accounts to withdraw any funds and we remain in contact with them regarding the need for clear and updated messaging for consumers.”
The Commission’s Recent Suspensions
Multi Media Entertainments Limtied’s suspensions is one of the most recent from the Gambling Commission. Over the last few weeks, the Commission has been imposing fines and suspensions on various gambling operators across the country.
Since last month, the Commission has suspended Triplebet’s operating license after an investigation by the firm found that the operator is no longer fit to offer gambling services to customers based in the UK. Also suspended was Stakers’ betting license for similar reasons.
Meanwhile, the Commission suspended Addison Global’s gambling license after the regulatory body discovered that it was struggling to pay outstanding debts to affiliates. Shortly after Addison Global’s UK license was suspended, the company was declared insolvent.
More recently, it was reported that Betway was fined a record-high penalty of £11.6 million by the Commission for multiple failings regarding high-spending customers and money laundering. The giant fine breaks 888 Casino’s previous record-high fine of £7.8 million.
Finally, Mr Green Casino was fined £3 million last month for regulatory failers. According to the commission, this included failure to prevent money laundering and harm to customers via its social responsibility interactions with those who have been classed as vulnerable.