UK regulator suspends Stakers license over 'a number of compliance issues'
The UK Gambling Commission announced Thursday that it commenced a review under section 116 of the Gambling Act 2005 and, under section 118 of the Act, has decided to suspend Operating Licence No 000-050185-R-328112-006 Combined Remote Operating Licence – Real Event and Virtual Betting Casino held by Stakers Limited whilst that review takes place. This is due to a number of compliance issues.
"We suspect that Stakers Limited has breached a condition of the license (section 116(2)(a) of the Act)) and is unsuitable to carry on the licensed activities (section 116(2)(c)(i)) of the Act)," the Commission said in a statement. "We, therefore, consider it appropriate to suspend the license with immediate effect pending the conclusion of the review."
The license suspension, effective from 4 March, makes it illegal for Stakers Limited to offer gambling services via its stakers.com website in Great Britain. The UKGC has instructed the operator to facilitate customers accessing their accounts to withdraw funds and advise customers not to place any bets through the Stakers website.
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