In Touch Games Licenses Suspended by Regulatory Bodies
In a significant development in the online gambling industry, In Touch Games, a prominent online gambling company operating in Great Britain, has faced the suspension of its operating licenses. The decision, jointly executed by the Gambling Commission and the Betting & Gaming Council, was prompted by concerns surrounding potential violations of the Gambling Act.
Investigation into Violations of the Gambling Act
The Gambling Commission has initiated a comprehensive review under section 116 of the Gambling Act 2005. Adding to the gravity of the situation, there are growing suspicions that In Touch Games might have been operating in breach of the conditions stipulated in its license. This has raised questions about the company’s suitability to continue its licensed activities. The primary areas of concern include alleged non-compliance with essential license conditions related to anti-money laundering measures, maintaining transparent terms and practices, and the timely reporting of significant events.
During the suspension period, the Gambling Commission has communicated its expectations to In Touch Games. The emphasis has been on the fair treatment of consumers and the necessity to keep them informed about any developments that might impact them. Despite the suspension, which is effective immediately, consumers are not restricted from accessing their accounts or making withdrawals.
Brands
In Touch Games is known for operating several online gambling platforms, including Bonusboss, Cashmo, mfortune, Casino 2020, Dr Slot, Jammy Monkey, Mr Spin, Pocket Win, and Slot Factory.
The Betting and Gaming Council, in a statement, said, “Following the suspension of their operating license by the Gambling Commission, consistent with our strict rules, we are immediately suspending In Touch Games Ltd’s membership of the BGC while the details of the case are investigated. As the standards body representing the regulated industry, our top priority is ensuring that the interests of In Touch Games’ customers are protected.”
