BGO Entertainment has had its UK gambling license suspended after reports found the company had not been responsible for carrying out standards set out by the UK regulator.
Gambling Act 2005
Under section 118 (2) of the Gambling Act 2005, the UKGC decided to take immediate action in removing BGO’s license until further notice. The company responsible for BGO Casino and Bgo Bingo brand along with Chilli Casino, PowerSpins, and VegasLuck informed its casino players through the platforms, they could no longer make deposits but they could withdraw funds. Affiliates who promote BGO brands were also notified to stop promoting with immediate effect. The UKGC had concerns BGO was not operating under the regulator’s conditions stipulated in the license agreement and therefore deemed the operator not suitable to carry on the activities set out by the license.
Previous Dealings with the UKGC
This is not the first time BGO Entertainment has had dealings with the UK regulator. It was found AML controls and customer care failures lead to BGO being hit with a new set of restrictions last year. The failures were reported between September 2018 to March 2020. A statement by the UKGC said, “The review and consequent suspension follow concerns that activities have been carried out contrary to the Act, not in accordance with conditions of their license and that the Licensee may be unsuitable to carry on the licensed activities. Failings to protect customers were a key consideration in the suspension decision.” BGO had a £2million settlement to face and continue with more stringent due diligence checks on 250 of its most valued customers in accordance with the Money Laundering Regulations of 2017 by the UK.
No Further Information
The UKGC has not provided further information on the suspension of BGO’s license, apart from BGO must inform its customers and affiliates. Subsequently, a statement was issued across all platforms operated by BGO informing them of the suspension.