Lee Charles Nicholas
The UK Gambling Commission issued a formal warning to Lee Charles Nicholas, a Personal Management Licence holder. The action, dated 30 August 2024, resulted from his failure to ensure compliance at Eaton Gate Gaming Limited.
Summary
What This Means for Consumers
This action holds a senior manager accountable for a company's failings. While it doesn't directly impact the operator's licence, it shows the regulator's focus on individual responsibility for consumer protection.
Full Details
On 30 August 2024, the UK Gambling Commission (UKGC) issued a formal warning to Lee Charles Nicholas, who holds a Personal Management Licence (PML). The action followed a review into his conduct as the Chief Executive Officer of Eaton Gate Gaming Limited. The regulator found he didn't uphold the conditions of his personal licence.
The investigation identified several compliance failures at Eaton Gate Gaming Limited between 2020 and 2021. The UKGC determined that Lee Charles Nicholas failed to take all reasonable steps to ensure the company met its obligations. These breaches included shortcomings in anti-money laundering procedures (Licence Condition 12.1.1), customer interaction rules (SRCP 3.4.1), and marketing requirements (SRCP 5.1.9).
A warning is a formal sanction that's recorded on an individual's licence history. It doesn't carry a financial penalty, but it serves as an official notice of misconduct. The UKGC noted that Lee Charles Nicholas was open and transparent throughout the process.
Key Findings
- Formal warning issued to Personal Management Licence holder Lee Charles Nicholas.
- Action taken by the UKGC on 30 August 2024.
- Failures related to his role as CEO of Eaton Gate Gaming Limited.
- Breaches involved anti-money laundering, customer interaction, and marketing rules.
Timeline
| Action Date | 30 August 2024 |
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