Gambling Industry Fines
Total Fines so far in 2020: £44,714,211
Boylesports Enterprise Fined £2,800,000
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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GAN PLC Fined £46,000
Regulator hits GAN PLC with £46,000 fine due to social responsibility, risk assessment and AML failures
Details: social responsibility, risk assessment and AML failures
Regulator: UK Gambling Commission - United Kingdom
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NetBet Fined £748,000
Netbet fined £748k after 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
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BGO Entertainment Fined £2,000,000
Social responsibility and AML control failures lead to £2,000,000 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
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Glitnor Services Ltd, Fined £34,068
Swedish Regulator fines Glitnor’s Lucky Casino for unauthorized live casino online games
Details: The regulator found fault with LuckyCasino offering several products from live casino technology specialists Evolution Gaming, including its Dream Catcher, Monopoly Live and Deal or No Deal titles. Spelinspektionen noted that these products aren’t covered by Glitnor’s local online casino and sports betting license.
Regulator: Spelinspektionen. - Sweden
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Triplebet Ltd Fined £740,000
Betting exchange Matchbook Parent Company Fined £740,000 after 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
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Caesers Entertainment UK Fined £13,000,000
Systemic failings at Caesars Entertainment leads to the departure of three senior managers and sanctions of £13m
Details: Social responsibility failings - including Inadequate interaction with a customer who was known to have previously self-excluded and lost £240,000 over a 13-month period. Money laundering failings including not carrying out adequate source of funds checks on a customer who was allowed to drop around £3.5 million and lose £1.6 million over a period of three months.
Regulator: UK Gambling Commission - United Kingdom
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Kindred Group Fined £8,596,250
Kindred Group,hit with SEK100 million fine by Swedish Regulator
Details: Spooniker Ltd, a wholly owned subsidiary of Kindred Group received a warning and a sanction fee in the sum of SEK 100 million (USD 9,5m) by the Swedish Gambling Authority (SGA) for offering customers financial incentives which are in breach of the new gambling legislation.
Regulator: Spelinspektionen. - Sweden
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Betway Fined £11,600,000
Record £11.6m UK gambling fine meted out to Betway
Details: " Betway will pay a record £11.6m settlement for accepting stolen money from high-spending “VIP” customers, some of whom were displaying clear signs of gambling addiction."
Regulator: UK Gambling Commission - United Kingdom
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Mr Green Fined £3,000,000
William Hill Owned Company Mr Green fined for 'systemic failings'
Details: "The online gambling company Mr Green, owned by William Hill, has been fined £3m for “systemic failings” in its measures to stop money laundering and problem gambling."
Regulator: UK Gambling Commission - United Kingdom
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GVC Australia Fined £106,773
GVC Australia hit with record New South Wales fine
Details: "GVC owned Ladbrokes and Neds brands guilty of offering betting bonuses to people who opened new betting accounts."
Regulator: NSW Liquor & Gaming - Australia
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Blackrock Media Fined £2,043,120
Malta MGA fines Blackrock Media €2.4m for servicing unauthorised transactions
Details: Blackrock Media is a subsidiary brand of Netherlands based Blackrock Entertainment, which operates the Wild Sultan online casino brand under a Curaçao licence.. "the MGA and Malta’s Executive Police force".."uncovered that Blackrock Media had processed payments to and from players as part of gaming services which were not duly authorised.
Regulator: Malta Gaming Authority - Malta
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