Gambling companies pay high salaries to the executives and management and some appear to not fully understand the nature of the gambling industry. Poor decisions have been made and the cost is deferred to the employees and the customer but that's OK, money grows on trees, right?.
Malta MGA fines Blackrock Media €2.4m for servicing unauthorised transactions
Blackrock Media Limited (the ‘company’) has paid a total financial penalty of €2.34 million for operating a gaming service through a Maltese legal entity without being in possession of the necessary authorisation. Joint investigations by the Malta Gaming Authority and the Executive Police resulted in the determination that the company was processing payments to and from players as part of a gaming service that was not duly authorised.
Regulator: Malta Gaming Authority - Malta
In the biggest ever fine of its kind in NSW, Ladbrokes and Neds were yesterday convicted and ordered to pay a total of $207,500 for offering illegal gambling inducements to NSW residents.
Under current NSW law, wagering operators found guilty of promoting inducements to gamble, face fines of up to $110,000 per offence and company directors can be criminally prosecuted.
Regulator: NSW Liquor & Gaming - Australia
William Hill Owned Company Mr. Green fined for 'systemic failings'
Mr Green will pay £3m to the National Strategy to Reduce Gambling Harms because it failed to have effective procedures aimed at preventing harm and money laundering.
Regulator: UK Gambling Commission - United Kingdom
Record €12.8m UK gambling fine meted out to Betway
Details: Betway is to pay £11.6m, alongside implementing a package of measures, for a series of social responsibility and money laundering failings linked to dealings with seven of its high spending customers.
Regulator: UK Gambling Commission - United Kingdom
Kindred Group hit with €10 million fine by Swedish Regulator
Details: The Swedish Gambling Authority has issued a SEK 100m to the Kindred Group after its Spooniker subsidiary was found to be non-compliant with the country’s new Gambling Act.
Regulator: Spelinspektionen. - Sweden
Systemic failings at Caesars Entertainment leads to the departure of three senior managers and sanctions of €14.4m
Caesars Entertainment UK Limited is to pay £13m and must implement a series of improvements following a catalogue of social responsibility, money laundering and customer interaction failures including those involving ‘VIPs’.
As a result of this investigation, three senior managers at the company surrendered their personal licences.
Regulator: UK Gambling Commission - United Kingdom
Betting exchange Matchbook Parent Company Fined €820,000 after an investigation reveals serious failings
Details: The UK gambling authority found “serious failings” in Triplebet's approach to anti-money laundering, the monitoring of business relationships and due diligence checks into members of gambling syndicates.
Regulator: UK Gambling Commission - United Kingdom
Swedish Regulator fines Glitnor’s Lucky Casino for unauthorized live casino online games
Details: Glitnor Services Limited receives a warning and penalty fee of SEK 400,000 after offering games that are not covered by the company's Swedish license for commercial online games.
Regulator: Spelinspektionen. - Sweden
Social responsibility and AML control failures lead to €2,200,000 Fine
Details: systemic failings with its social responsibility and AML controls, which affected a number of customers playing on its online casino properties.
Regulator: UK Gambling Commission - United Kingdom
Netbet fined €828k after the regulator finds inadequate AML controls and significant shortcomings for its responsible gambling policies and procedures.
Details: Regulator found inadequate AML controls and significant shortcomings for its responsible gambling policies and procedures.
Regulator: UK Gambling Commission - United Kingdom
Regulator hits GAN PLC with €51,000 fine due to social responsibility, risk assessment and AML failures
Details: Social responsibility, risk assessment and AML failures
Regulator: UK Gambling Commission - United Kingdom
The Licensee’s failure to provide full and proper explanations with supporting evidence timeously the Commission is not satisfied as to the source of funds (SOF) used to acquire and support the Licensee at the time of the change of corporate control or to whom future profits of the Licensee would be paid. The UK regulator is now informed that Silverbond Enterprises Ltd has appealed against the decision to revoke its licence and therefore licence revocation is stayed until the outcome of that appeal.
Details: Anti-Money-Laundering failures
Regulator: UK Gambling Commission - United Kingdom
BoyleSports fined for Anti-Money-Laundering failures
Details: The regulator revealed that the operator failed to have an appropriate money laundering risk assessment in place. It was also found that its anti-money laundering policies, procedures and controls were unsuitable and therefore could not be implemented effectively.
Regulator: UK Gambling Commission - United Kingdom
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