GamblersPost Gamblers Post is a dedicated news and networking portal in the online gambling industry which features news, opinions, interviews as well as product and software reviews.
The UK Gambling Commission followed Gibraltar regulator and suspended the license of Addison Global and its sports betting site MoPlay, while conducting a review of the operator. The suspension means that Addison Global will be prohibited to offer gambling services to customers across the UK.
The suspension comes as the UKGC suspected ‘that Addison Global Limited has breached a condition of the licence (section 120(1)(b) and is unsuitable to carry on the licensed activities (section 120(1)(d) of the Act).’
In a statement on its website, the UKGC said: “In accordance with section 118(4)(c) of the Act the Licensee is authorised to settle any outstanding winning bets that it has accepted in reliance of the above operating licences and return any outstanding balances to customers. We have informed Addison Global Limited that we expect clear messaging to consumers regarding their accounts.”
Addison Global is thought to owe significant sums to multiple affiliate partners, while reports state that the company is facing serious financial problems. Addison Global is currently without a management team since most of the executive members have resigned.
