• Latest
  • Trending
  • All
  • BUSINESS
  • ENTERTAINMENT
  • POLITICAL
  • TECHNOLOGY

December 22, 2024
Indices: Already not extreme fear

Indices: Already not extreme fear

April 24, 2025
Eurozone: Tariff reversal is some relief, but no game changer – ABN AMRO

Eurozone: Tariff reversal is some relief, but no game changer – ABN AMRO

April 24, 2025
US: The US has already lost the trade war – ABN AMRO

US: The US has already lost the trade war – ABN AMRO

April 24, 2025
Predictive Analytics Promise the End of ‘Gut Feelings’ in Construction

Predictive Analytics Promise the End of ‘Gut Feelings’ in Construction

April 24, 2025
First Border Wall Contracts of Second Trump Term Awarded in Texas, San Diego

First Border Wall Contracts of Second Trump Term Awarded in Texas, San Diego

April 24, 2025
Construction Economics for April 28, 2025

Construction Economics for April 28, 2025

April 24, 2025
AI startups backed to boost construction productivity

AI startups backed to boost construction productivity

April 24, 2025
Why is building safety litigation on the rise?

Why is building safety litigation on the rise?

April 24, 2025
Severfield to cut 6 per cent of staff despite ‘solid’ order book

Severfield to cut 6 per cent of staff despite ‘solid’ order book

April 24, 2025
Bovis promotes operations head to board

Bovis promotes operations head to board

April 24, 2025
China expresses condolences over death of Pope Francis, World News

China expresses condolences over death of Pope Francis, World News

April 24, 2025
Pope Francis’ body taken in procession to St Peter’s for lying in state, World News

Pope Francis’ body taken in procession to St Peter’s for lying in state, World News

April 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, May 15, 2025
No Result
View All Result
  • HOME
  • BUSINESS
  • ENTERTAINMENT
  • POLITICAL
  • TECHNOLOGY
  • ABOUT US
  • Login
  • Register
  • HOME
  • BUSINESS
  • ENTERTAINMENT
  • POLITICAL
  • TECHNOLOGY
  • ABOUT US
No Result
View All Result
Huewire
No Result
View All Result
Home ENTERTAINMENT AFRICAN AMERICAN (E)

by huewire
December 22, 2024
in AFRICAN AMERICAN (E), ASIAN (E), ENTERTAINMENT, HISPANIC (E), INDIAN (E), MIDDLE EASTERN (E), NATIVE AMERICAN (E)
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The UK Gambling Commission has launched a review of Evolution’s operating licence in the UK, as the regulator has found its games are being provided to unlicensed operators in the country.

In a statement released this evening (20 December), live dealer specialist Evolution said it was “cooperating fully” with the Commission. It has “taken requested immediate actions to remedy the situation”, the supplier added.  

Evolution’s games were taken down from the illegal website. It will actively work with the Commission to resolve the matter, it added.

However it now goes into the festive period with the threat of enforcement action. Depending on its outcome, the review could result in no penalty. Equally, Evolution could face a financial sanction or licence suspension of revocation in the UK.  

The UK counts for roughly 3% of Evolution’s reported revenue, the supplier said.  

Evolution “committed to supporting licensed UK market”

Evolution embraces the objectives of the Gambling Commission review, said CEO Martin Carlesund. The company is “committed to supporting the licensed UK market, as well as preventing unlicensed traffic,” he added.  

“We are now taking forceful action using all technical tools available to us to ensure that our games are only available in the UK through Commission-licensed operators.  

“We believe that a close collaboration to address our joint concerns will lead to swifter and better results. As always we remain committed to an open and transparent relationship with our regulators,” he concluded.  

Commission urges operators to monitor suppliers’ actions

In November Gambling Commission CEO Andrew Rhodes warned operators in the UK to carry out due diligence on their supplier partners. This, he said, was to ensure they aren’t supporting black market activity.

“The Commission’s strategy on combatting illegal gambling is to cause as much up-stream disruption as we can, which is why we have focused on ISPs (internet service providers), payment providers, search engines, software suppliers and more,” Rhodes told the GC’s annual gambling industry CEOs meeting.

However, stakeholders pushed back against the warning, telling iGB it would be incredibly difficult for operators to monitor their B2B partners’ actions. Trade body representatives from both Germany and Sweden agreed it is up to the regulator to ensure stakeholders are fully compliant in their licensed market.

Evolution’s activity in Asia

The new of the GC’s review follows a damning report in Josimar which claimed Evolution was providing its services to a number of Asia-based operators which provide unlicensed services across Europe. A few of these operators have sponsorship agreements with a handful of UK Premier League teams.

In Q3 Evolution reported that Asia accounted for around 40% of its business. It also said in its Q3 earnings that regulated revenues made up 39% of the entire group during the period. This was down slightly from 40% in Q3 and Q4 2023.

At the time a Regulus Partners note warned: “Evolution’s period of easy Asian growth with few questions asked and no local response now seems to be over.

“Being on the wrong side of ‘unregulated’ markets in Asia can be a painful experience,” the advisor said. The comment was made in response to Evolution being impacted by targeted cyber-attacks in Asia during the period.

Share196Tweet123
huewire

huewire

Recent Comments

No comments to show.

Recent Posts

  • Indices: Already not extreme fear
  • Eurozone: Tariff reversal is some relief, but no game changer – ABN AMRO
  • US: The US has already lost the trade war – ABN AMRO
  • Predictive Analytics Promise the End of ‘Gut Feelings’ in Construction
  • First Border Wall Contracts of Second Trump Term Awarded in Texas, San Diego
Huewire

Copyrights © 2024 Huewire.com.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • BUSINESS
  • ENTERTAINMENT
  • POLITICAL
  • TECHNOLOGY
  • ABOUT US

Copyrights © 2024 Huewire.com.