UKGC investigates Smart Live Gaming
Published on by Becky M.
The operating licence of television gambling provider Smart Live Gaming is under threat. The UK Gambling Commission (UKGC) is progressing towards removing Smart Live Gaming’s license on a temporary basis.
Investigation
On 8th August, the UKGC released their recent market news. This news contained a declaration that the gambling regulators would be conducting an investigation into the activities of the parent company of Smart Live Gaming: Smart TV Broadcasting Limited.The UKGC investigation into Smart TV Broadcasting Limited relates to section 116 of the UK Gambling Act, and representatives from the Commission have said that Smart Live Gaming is currently ‘unsuitable to carry on licensed activities ‘.Because of this lack of suitability, the UKGC considers that they have appropriate justification to ‘suspend the licenses with immediate effect’. Smart Live Gaming will not be allowed to resume operations until the gambling regulators have concluded their investigation, and are satisfied that all potential issues have been addressed.
UK License Removed
Smart Live Gaming will now have its UK remote operating license removed by the UKGC, and this will remain the situation until the Commission has conducted a thorough review of all activities of the gambling provider.Smart Live Gaming are required by the UKGC to demonstrate that they are complying with their investigations and review. To do this, the TV gambling operator must pay their customers any amounts that are outstanding, on products that relate to the review.The regulators have stated that they are aware that there is currently a number of Smart Live customers who are owed various amounts by the operator. Highlighting the uncertainty of this position, the UKGC said ‘Regrettably, at this point, we have no further information on the position of customer funds’.The UK Gambling Commission has said that customers and the gambling industry will be made aware of the results of their investigations into Smart TV Broadcasting.








