StakeSpin
StakeSpin is an online casino operating under a UK Gambling Commission licence, running on the ProgressPlay Limited platform. The operator behind the site received a £1,000,000 regulatory fine in 2025 for anti-money laundering and social responsibility failures, giving it an F-grade trust rating that consumers should be aware of before playing.
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About
StakeSpin operates at stakespin.casino as a whitelabel casino site, meaning it runs on an existing third-party platform rather than its own proprietary technology. According to its website, it offers online slots, table games, and live dealer options to UK players. The site holds an active UKGC regulator status, and its SSL certificate is issued to a strong standard with TLS 1.3 support.
The site is operated under licences held by ProgressPlay Limited, which has been licensed by the UK Gambling Commission since 1 November 2014. That's over 11 years of continuous licensing, covering casino, sports betting, and bingo products. But the operator's record isn't clean. In May 2025, the Commission imposed a £1 million financial penalty on ProgressPlay Limited after finding breaches of anti-money laundering rules and social responsibility code provisions, alongside a formal warning and an additional licence condition requiring a third-party audit.
That enforcement action is a serious concern for anyone considering playing on StakeSpin. The fine wasn't for a minor technical breach — AML and social responsibility failures go to the heart of how an operator protects vulnerable players and prevents financial crime. Consumers should weigh that regulatory history carefully.
Features & Offerings
Incentives
According to their website (checked 22 Feb 2026):
Welcome Offers
New players at StakeSpin can claim a deposit match bonus on their first deposit. It's a single welcome offer with a modest cap.
Conditions Explained
The bonus is 25% of your first deposit, up to a maximum of £50. A wagering requirement applies, which means you must bet the bonus amount 10 times over before you can withdraw any winnings from it. You have 30 days to meet that requirement. The maximum you can withdraw from this bonus is 1x the bonus amount, so if you received £50 in bonus funds, you can withdraw at most £50 in converted winnings. Deposits made via Skrill or Neteller don't qualify. Requesting a withdrawal cancels any active bonus. This offer is also shared across a network of up to 5 brands, meaning you can only claim it once across all of them combined.
Ongoing Promotions
Existing players at StakeSpin have access to a range of weekly promotions, including free spins wheels on weekdays and weekends, a recurring deposit code offer, and periodic leaderboard tournaments with cash prizes.
SWEET25WKND500Conditions Explained
Most promotions require opting in and depositing with a promo code. The Mystery Box and Midweek Wheel of Prizes both require a minimum deposit of £20 and can be claimed once per day on their respective qualifying days. Any free spins won from these promotions must have their winnings wagered 10 times within 7 days before you can withdraw. The maximum you can withdraw from free spin winnings is £20 per offer. The Up to 75 Free Spins offer (code SWEET25) can be used up to 3 times and runs from Thursday to Wednesday each week, with the same £20 withdrawal cap. As with the welcome offer, Skrill and Neteller deposits are excluded across all promotions, and withdrawal requests cancel any active bonuses. The Game of the Week promotion has no published terms, so treat it with caution as the conditions aren't clear.
Can You Trust StakeSpin?
Positive Signals
- UKGC licensed since 2014 — over 11 years of continuous licensing by the UK's primary gambling regulator
- SSL Grade A with TLS 1.3 encryption on the site
- eCOGRA, IBAS, and Resolver registered for alternative dispute resolution
- DMARC email authentication is in place
Concerns
- £1,000,000 fine issued to the operator in May 2025 for AML and social responsibility breaches
- F-grade operator trust score (49/100) reflecting the severity of the enforcement action
- No SPF or DKIM email security records, and no DNSSEC or CAA domain protection
- WHOIS not transparent — domain registration details are not publicly available
- F-grade domain score (49/100) — technical transparency gaps remain
UKGC Licence Status
ProgressPlay Limited holds three active UKGC licences covering StakeSpin's operations. The Remote Casino licence, granted 1 November 2014, permits online slots, table games, and live dealer games. The General Betting Standard (Real Event) licence, granted 17 December 2018, covers sports betting on real-world events. A Bingo licence was added on 23 August 2024, permitting online bingo products. All three licences are currently active.
ProgressPlay Limited is registered with three Alternative Dispute Resolution providers: eCOGRA, IBAS, and Resolver. ADR schemes give players an independent route to escalate unresolved complaints — if a dispute with StakeSpin can't be settled directly, consumers can refer it to one of these bodies without going to court.
Regulatory Actions
On 9 May 2025, the UK Gambling Commission imposed a £1,000,000 financial penalty on ProgressPlay Limited, the operator behind StakeSpin. The Commission found the operator had breached anti-money laundering code provisions and social responsibility requirements. In addition to the fine, the UKGC issued a formal warning and attached an extra condition to the operator's licence requiring a third-party audit of its compliance systems. This is a significant enforcement outcome — AML and social responsibility failures are among the most serious categories of regulatory breach.
Site Assessment
Licensed Operator
StakeSpin is operated by ProgressPlay Limited, a gambling company that has held a UK Gambling Commission licence since 1 November 2014. Over more than 11 years, the company has built a broad portfolio of whitelabel casino and betting sites across the UK market. Its licence category is classified as mixed, covering casino, betting, and bingo products.
Despite the long licensing history, ProgressPlay Limited's regulatory record is now materially affected by the 2025 enforcement action. A million-pound fine, a formal warning, and a mandated third-party audit represent a serious level of regulatory intervention. The operator's trust grade sits at F (49/100), driven by that enforcement outcome.
Other Sites by ProgressPlay Limited
ProgressPlay Limited operates a large number of whitelabel brands across the UK market, including BetStorm, Betmorph Casino, and Aced Bet among others. All fall under the same operator licences and share the same enforcement history.
