This story was published more than 1 year ago.
The UK Gambling Commission has announced the suspension of the gaming license of Stakers Limited pending a full investigation of the company's business practices.
The company is citing Section 116(2)(a) of the Gambling Act 2005 for the reasoning of the suspension, which reads that the UKGC can suspend licenses if it: "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".
A secondary provision was also cited, which claims that the UKGC can put in a review if the licensee may not be suitable to carry on licensed activities.
Under the terms of the suspension, Stakers may not offer their online betting services to customers in Britain until the review is completed. Players are advised to pull funds out of the site if they have a positive balance.
For their part, Stakers hasn't issued a comment. Casino Listings News is following this story and will update readers as it develops.