The UK’s regulator is reportedly reviewing potential black-market activity.  



Key points:  

- The UK’s Gambling Commission has launched an investigation into Evolution Gaming

- The inquiry relates to suspected black-market activity

- Evolution has clarified that it is cooperating fully with the review  

The Gambling Commission has launched an investigation into supplier Evolution Gaming for suspected black-market activity, which could potentially places the company’s UK licence under review.  

More specifically, the review has been initiated following the Commission’s identification that Evolution’s gaming portfolio is, in fact, currently accessible via several unlicensed operaters on British shores.  

Subsequently, all Evolution content has already been removed from the unlicensed platforms, as the supplier has stated that it is cooperating fully with the requirements of the investigation.

Commenting on the investigation, Evolution CEO, Martin Carlesund, said: “Evolution embraces the objectives of the review by the Commission. We are committed to support the licensed UK market as well as preventing unlicensed traffic.

“We are now taking forceful action using all technical tools available to us to ensure that our games only are available in the UK through Commission licensed operators. We believe that a close collaboration to address our joint concerns will lead to swifter and better results. As always, we remain committed to an open and transparent relationship with our regulators.”

The investigation has a number of potential outcomes, each ranging in their respective severity. Potentially, there will be no action taken by the commission; however, it is also possible that the regulator will impose financial sanctions, conditions to the supplier’s licence, or suspension and potential revocation of the licence.  

Good to know: Around 3% of Evolution’s revenue comes from the UK market

After posting a Q3 revenue figure of €579m ($602.8m), Evolution went on to announce a partnership extension with FanDuel last month. Further, the company also announced over the summer its intention to acquire Galaxy Gaming for a sum of $85m.  

Last week, the Gambling Commission also announced the appointment of Charles Counsell as its Interim Chair.  

Regarding this latest announcement, the Commission provided Gambling Insider with the following: “We have nothing further to add to the Evolution statement.”

Evolution also provided Gambling Insider with further comment, stating: "This review concerns the UK market and our license there. The Commission has requested a number of actions to be taken. These includes IP-blocking of the UK market with the exception of licensed sites. All the actions suggested by the Commission have been implemented. We are now working actively to ensure these actions are effective.

"We have also in the past worked with the UKGC and removed our games when they have pointed out sites that they see as targeting the UK without a license. As said earlier we have already taken action against the sites the Commission has pointed out to us and will cooperate fully with the Commission in this review going forward."

Evolution's share price has fallen 11.8% in response to the news; it currently stands at SEK 806.80 ($73.11).

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