Fairbetter Limited
Fairbetter Limited is an online casino operator that was licensed in the UK from April 2020. It held Remote Casino and Linked Gambling Software licences. The UKGC revoked its right to operate in December 2024 due to multiple licence condition breaches.
Positive Signals
- Incorporated in the UK since 2018
Concerns
- Licence revoked by the UKGC in December 2024
- Breached anti-money laundering rules
- Failed to provide fair and transparent terms
Overview
Operator Type: Online casino operator
Fairbetter Limited is a UK-based company that was incorporated on 11 July 2018. The company is directed and wholly owned by Timothy Russel Wheals. It entered the UK gambling market when the Gambling Commission (UKGC) first granted it an operating licence on 22 April 2020.
The company held two types of remote licences which allowed it to run an online casino. Its operations were conducted through the website fairbetter.co.uk, which is now inactive. The operator's history is short and defined by a significant regulatory failure.
On 12 December 2024, the UKGC took the serious step of revoking Fairbetter's licence to operate. This action followed a review which found the company had broken several important rules.
The regulator identified breaches of licence conditions related to anti-money laundering (AML) prevention, fair and transparent terms for customers, and required technical standards. As a result, the company can't legally offer gambling services in Great Britain.
Where Is This Operator Based?
Understanding where an operator is based matters for regulatory accountability. UK-based operators are subject to UK courts and consumer protection laws.
This operator is headquartered in the UK and registered with Companies House. They are fully subject to UK courts, consumer protection laws, and regulatory oversight.
Licence Details
The company held a Remote Casino licence and a Linked Gambling Software licence. Both licences, granted on 22 April 2020, are now listed as Revoked by the UKGC. This means Fairbetter Limited isn't permitted to offer any gambling services to customers in Great Britain.
| Licence Type | Status | Granted |
|---|---|---|
| Casino | Revoked | |
| Linked Gambling Software | Revoked |
Enforcement & Compliance History
The UK Gambling Commission took severe action against this operator. On 12 December 2024, the regulator revoked Fairbetter Limited's licence. The decision followed a review that found breaches related to technical standards, fair terms, and anti-money laundering prevention.
The Gambling Commission revoked Fairbetter Limited's operating licence following a review. The operator was found to have breached several licence conditions and social responsibility codes, includ...
Corporate Structure
FAIRBETTER LTD was incorporated on 11 July 2018 and its Companies House status is active. The sole director is Timothy Russel Wheals, who is also the person with significant control, owning between 75% and 100% of the company.
FAIRBETTER LTD
Active- Company Number
- 11458279
- Incorporated
- 11 July 2018
- Registered Address
- 11 Fifth Floor, Leadenhall Street, London, EC3V 1LP
Directors & Officers
| Name | Role | Residence | Appointed |
|---|---|---|---|
| WHEALS, Timothy Russel | director | 🇬🇧 United Kingdom | 11 July 2018 |
Associated Domains
The company operated one known website, fairbetter.co.uk. This domain is currently listed as inactive by the regulator. There isn't any available public data on its past security certificates or customer review scores.
| Domain | Brand | Status | Site Type |
|---|---|---|---|
| fairbetter.co.uk | - | Inactive | - |