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Blackbet license suspended after UKGC review

The UK Gambling Commission (UKGC) has instigated a review of the online gaming and betting license held by platform supplier FSB Technology and used for one of its licensees – Blackbet.co.uk.

The website, offering casino and sportsbook, has voluntarily suspended all activities. Blackbet.co.uk has become the second issue for FSB within the region in recent weeks after fellow white-label partner and well-know European sportsbook 1xBet shut down its UK-facing site following “Sunday Times” investigation.

“Due to regulatory concerns, the Gambling Commission has instigated a review under s116 of the Gambling Act into FSB Technology (UK) Limited,” the UKGC said in the statement. The regulator also clarified that suspension “will not prevent the operator from paying out customers”, as players still have access in order to withdraw funds.

Section 116 of the Gambling Act allows the United Kingdom Gambling Commission to instigate a license review when it suspects that activities may have been carried out in breach of the license condition, when a licensee has acquired a conviction, or if it suspects that the licensee may be unsuitable to carry on the licensed activities.

“The UK Gambling Commission (UKGC) has recently expressed concerns over the levels of due diligence performed on a small number of our white label partners. These partners and FSB are now fully cooperating with the UKGC, and we anticipate comprehensive resolution of those concerns in short order,” said FSB CEO David McDowell in the company’s statement.

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