The UK Gambling Commission (UKGC) has announced that it will begin to require licensees to provide data in respect of their group companies’ activities in other jurisdictions. The change is driven by concerns surrounding revenues generated from “grey markets” and a need to “keep crime out of gambling,” CMS Law-Now reports:
“Upon applying for an operating licence, B2C businesses must […] disclose any market from which they derive 3% or more of their total revenue from players, or in the case of businesses with a total revenue of less than £5m per annum, markets which they are targeting where the revenue is more than 10% of their total revenue. For each of these markets the Commission requires the applicant to confirm why they think provision of gambling facilities is not illegal (whether as a result of being licensed there or having satisfied themselves that it is the case). The Commission also asks applicants to inform them of any other markets (irrespective of whether or not they meet the 3%/10% thresholds) that they are actively targeting in order to grow their business.”
