Wednesday, May 18, 2022

Tag: fines

UK betting companies paid £19.7m in fines last year

Gambling Commission Neil McArthur
UK betting operators paid a record £19.7m in penalty fees last year as regulators toughened stance against those failing to adequately deal with problem gamblers and money laundering. A UK Gambling Commission report announced the regulator brought fines against nine operators in the 12 month period. Overall gambling fines increased from £18.4m handed out in 2018 and £1.7m in 2017. Online...

Ireland puts fines first in regulatory update

Ireland, fines, first, regulatory update
The Irish government has stated that the country’s newly proposed gambling authority will be granted the power to impose seven-figure fines on operators who disobey upcoming regulations. Despite the legislation currently having no date of enactment, junior justice minister David Stanton has drafted a bill to expand the reach of the regulator in order for it to levy million Euro...

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...