Onisac Ltd Will Pay $1.13M Settlement to Gibraltar's Gambling Division

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AGCO Hits Woodbine Casino with $60K Penalty over Alleged Cheating Scheme

Image Source: Shutterstock.com In Ontario, just like in other regulated gambling jurisdictions, there are strict rules that require casino operators to combat criminal activities, including cheating during live games. The province's regulator, the Alcohol and Gaming Commission of Ontario (AGCO), constantly monitors the market and implements…

Incidents ・ 14 September 2023

iGaming Business

Casino Woodbine to pay CA$80,000 over dealer cheat scheme

Allegations recently arose that an electronic craps dealer at the Toronto-based casino was colluding with a group of patrons. In April, the Ontario Provincial Police Investigation and Enforcement Bureau charged five individuals in relation to the Casino Woodbine case. The AGCO's Regulatory Compliance Branch subsequently conducted a compliance…

Incidents ・ 14 September 2023

Enfield Independent

Online gambling firm In Touch Games has licences to operate in Britain suspended

Online gambling firm In Touch Games has had its licences to operate in Britain suspended by the industry regulator. The Gambling Commission suspended the firm's operating licences as it carries out a review under section 116 of the Gambling Act 2005. It said it suspects the operator failed to follow licence conditions related to money laundering,…

Incidents ・ 02 September 2023

World Casino News

Videoslots To Pay £2 Million for Non-Compliance

The UK Gambling Commission has issued a 2 million pound regulatory settlement for Videoslots Limited for the operator's failure to comply with the social responsibility and anti-money laundering (AML) procedures. The aforementioned amount imposed after the Commission's investigation of the Videoslots' operations will represent a part of the…

Law ・ 08 July 2023

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The Box Hub

The Legal and Regulatory Challenges of Online Gambling and Online Casinos

The online gambling and casino industry has endured exponential growth in recent years, with technological advancements and the increasing popularity of online gaming. However, this growth has also brought about concerns regarding legal and regulatory challenges that operators must navigate to ensure compliance and maintain an exceptional…

Industry ・ 29 May 2023

fticonsulting.com

A Moment of Truth for UK Online Gambling Operators

This is the first overhaul of the governing rules and regulatory approach to the complex UK gambling industry since 2005. The UK Gambling Commission ("UKGC") called it a "once-in-a-generation opportunity" to deliver positive change. UK-licensed online gambling operators are arguably the most affected group by the imminent implementation of the…

Industry ・ 18 August 2023

Vegas Slots Online

Kindred Group Gets $1m Swedish Gambling Regulator Fine

Kindred Group has been hit with an SEK10.9m ($1m) fine and an official warning by the Swedish Gambling Authority (SGA). The regulator discovered shortcomings in Kindred's Spooniker subsidiary when it came to safeguards against terrorist financing and anti-money laundering systems. failed to meet its enhanced due diligence requirements In a…

Law ・ 25 November 2022

World Casino News

Gambling Commission penalty for Petfre (Gibraltar) Limited

In the United Kingdom and the Gambling Commission regulator has announced that it has hit the operator behind the Betfred.com and OddsKing.com iGaming domains with a fine of £2.87 million ($3.12 million). The watchdog used a Wednesday press release to detail that the penalty against Petfre (Gibraltar) Limited was imposed after an official…

Gaming Authorities ・ 29 September 2022

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The Guardian

Gambling giant Entain could lose UK licence after record £17m fine

Entain, the gambling firm behind Ladbrokes and Coral, could lose its licence to operate in the UK after it was told to pay a record £17m settlement over its inaction as individual customers spent hundreds of thousands of pounds. The Gambling Commission highlighted multiple failings in Entain's online and high street business, all of which occurred…

Gaming Authorities ・ 17 August 2022

Mirror

Gambling giant that owns Ladbrokes, Coral and Foxy Bingo hit with huge £17million fine

Gambling giant Entain is to pay £17 million for social responsibility and anti-money laundering failures in the Gambling Commission's largest ever enforcement action. Entain Group will pay £14 million for failures at its online business LC International Limited, which runs 13 websites including ladbrokes.com, coral.co.uk and foxybingo.com. It will…

Bingo ・ 17 August 2022

Casino Guru

UK Gambling Commission imposes £630k fine against Smarkets

The Gambling Commission, the gambling regulator in the UK, announced it imposed a monetary penalty against Smarkets, the online gambling operator. The Commission said Thursday that it imposed a £630000 ($763374) financial penalty which comes after it discovered anti-money laundering and social responsibility breaches. In a statement released on…

Gaming Authorities ・ 11 August 2022

Gambling News

Gibraltar Government Issues Command Paper for New Gambling Act

Following its big plans to freshen up the 2005 Gibraltar Gambling Act, the territory's government has initiated the reform process by issuing a Command Paper inspired by the financial sector. Authorities have published a preliminary draft of the bill that would reform the industry by bringing in extra flexibility and expanding the types of licenses…

Law ・ 02 June 2022

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SBC News

Progress Play and Jumpman rack up £675k in UKGC penalties

The UK Gambling Commission (UKGC) has handed out a combined penalty of £657000 to two online gambling businesses due to social responsibility and AML shortcomings. Progress Play was charged £175718 whilst Jumpman Gaming will pay £500000, with the cash from both penalties directed towards the National Strategy to Reduce Gambling Harms. A UKGC…

Gaming Authorities ・ 17 May 2022

Yogonet

UKGC fines Rank and Annexio's online casinos $1.7M for social responsibility failures

The UK Gambling Commission announced on Thursday two online casinos will pay a total of £1.3 million ($1.7 million) after investigations carried out by the regulator revealed social responsibility failures at the businesses. Rank Digital Gaming (Alderney) Limited -trading…

Law ・ 25 January 2022

Vegas Slots Online

UKGC Fines Two Online Casino Operators a Total of £1.3m

The UKGC has fined two online casino operators a total of £1.3m ($1.77m) for regulatory violations. [Image: Shutterstock.com] The UK Gambling Commission (UKGC) has issued £1.3m ($1.77m) in total fines to two online casino operators. The UKGC announced these fines on Thursday, which come after the regulator's investigations found social…

Gaming Authorities ・ 20 January 2022

Gambling News

Luckywins is Warned by Gibraltar Regulator Over Suspicious Activities

The Gibraltar Gaming Division issued a warning to Luckywins.io casino over claims of suspicious activities involving large bogus bonus offers from the operator which players have flagged. In order for online casinos to legally provide gambling services to people, they need to possess a license by either domestic or an international regulator. In…

Trust and Safety ・ 14 December 2021

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Greentube Alderney (Admiralcasino and Bell Fruit Casino) paid the UKGC for lapses in AML and social responsibility

The Gambling Commission in Great Britain has levied a settlement action against Greentube Alderney for money laundering-related violations and social responsibility shortcomings. The NOVOMATIC company holds five license types in the UK and operates Admiralcasino and Bell Fruit Casino there. The Commission began a regulatory review of the operator…

Law ・ 06 December 2021

iGaming Business

Gambling Commission suspends BGO licence for “failing to protect consumers”

The review - carried out under Section 116 of the 2005 Gambling Act - "follows concerns that activities may have been carried out contrary to the Act, not in accordance with conditions of their licence and that the Licensee may be unsuitable to carry on the licensed activities". While the Gambling Commission could not yet provide full details of…

Gaming Authorities ・ 15 October 2021

Casino News Daily

UKGC Fines Lottoland £760K over AML, Responsible Gambling Deficiencies

EU Lotto, the operator of Lottoland's UK-facing website, has been slapped with a £760000 fine by the UK Gambling Commission over a series of social responsibility and money laundering failings. The operator is also set to undergo extensive independent auditing after the regulatory agency spotted deficiencies in its responsible gambling and…

Gambling Addiction ・ 25 September 2021

World Casino News

Gambling Commission hits Daub Alderney Limited with a massive fine

In the United Kingdom and the Gambling Commission regulator has ordered online casino operator Daub Alderney Limited to pay a £5.85 million ($8.06 million) fine for breaches of its social responsibility and anti-money laundering procedures. Daub Alderney Limited was purchased by British land-based gaming behemoth Rank Group in October of 2019 as…

Gaming Authorities ・ 02 September 2021

Casino News Daily

Online Gambling Op Mr Green Gets Hefty Fine in Sweden

William Hill-owned gambling operator Mr Green has been slapped with a hefty fine by Sweden's competent regulator, Spelinspektionen, over a series of failings, including poor anti-money laundering and know your customer policies and duty of care relating to responsible gambling. The Swedish Gambling Authority announced on Wednesday that it has fined…

Law ・ 26 August 2021

SBC News

IBAS argues ‘compelling case’ for gambling ombudsman in annual report

The Independent Betting Adjudication Service (IBAS) has published its annual report for the year 2019/20, reiterating calls for the creation of a gambling ombudsman to handle industry related complaints. Overall, IBAS found that the volume of formal requests for adjudication were reduced by approximately 15%, largely attributed to the closure of…

Gaming Authorities ・ 31 July 2021

Eminetra

Austrac Accuses A Range of Aussie Casinos for Money Laundering

Australian land based casino operators are feeling the heat after the Australian Transaction Reports and Analysis Centre (Austrac) raised serious concerns over potential money laundering taking place at multiple land based casinos throughout the country. Austrac is the financial watchdog in Australia and one of the responsibilities of this…

Incidents ・ 23 June 2021

Market Watch

Australian Casinos Probed For Possible Anti-Money Laundering Law Breaches

SYDNEY--Australia's two largest casino operators are facing fresh scrutiny from regulators after the government's financial intelligence agency uncovered potential breaches of anti-money laundering law. Crown Resorts Ltd., which is already facing multiple investigations from Australian authorities amid disquiet over its business practices in Sydney…

Incidents ・ 07 June 2021

Tunf

Spillehallen and Leovegas Online Casinos Cop To The Shortcomings Of Danish AML

Spillehallen and LeoVegas, both top online casino operators have been reprimanded (albeit lightly) by the gambling regulator of Denmark for failing to observe AML (anti-money laundering) obligations. This Monday, Spillemyndigheden regulatory agency of Denmark reported that it issued a warning for non-compliance to LeoVegas for errors in its…

Law ・ 07 May 2021