Friday, September 25, 2020

Tag: betfair

Commission hits two operators hard for SR breaches

gambling-commission levels fines
The Gambling Commission has levelled £2.7 million in fines to two key operators for breaches of SR and AML rules. It’s been a busy week at the Gambling Commission which has handed out two considerable fines to operators considered to be at the harder end of the gambling spectrum. First the Rank Group, at £500,000, for failing to intervene in problem...

Paddy Power Betfair downplays FOBT cut

Gambling giants Paddy Power Betfair has claimed that it can weather the £2 stake cut to FOBTs, standing in stark opposition to many other sires of ruin within the industry. The bold assertion comes as the company reported a four per- cent rise in profits for the first half of 2018 with totals hitting £106m. A statement from the firm...