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The UK Gambling Commission has suspended Stakers Limited’s license. The Commission cited Section 116(2)(a) of the Act, which permits a review if the regulator “has reason to suspect that activities may have been carried on in purported reliance on the licence but not in accordance with a condition of the licence”.
According to the Commission it was appropriate to suspend the license with immediate effect, pending the conclusion of the review. After the suspension it is illegal for Stakers to offer gambling services via its Stakers.com website in the UK. Also, the Commission has instructed Stakers to allow customers to access their accounts to withdraw funds, as well as to advise players not to place any bets through Stakers.com, and to no longer accept new customers in the UK.
Stakers had been operating within the UK under a Combined Remote Operating License, which covered real event and virtual betting casino activities. The operator also holds a license from the Malta Gaming Commission, where it is headquartered.
