Online casino fined over €1m for betting failures and breaking major anti-money laundering rules
$5,000 Welcome Bonus
AN online casino with a remote bookies’ licence in Ireland has been fined over €1million in the UK for betting failures.
LeoVegas must pay the huge penalty for breaking social responsibility and anti-money laundering rules.
The operator — which runs leovegas.com, slotboss.co.uk, pinkcasino.co.uk, betuk.com and 21.co.uk — will also receive an official warning and undergo an audit to ensure it follows policies and controls in future.
Leanne Oxley, of the UK Gambling Commission, said: “We will continue to take action against other operators if they do not learn the lessons our enforcement work is providing.”
Failures included setting spend triggers for a customer review “significantly higher” than appropriate, and not acting on its police of interacting with punters “exhibiting indicators of harm”.
It also set financial triggers for anti-money laundering reviews too high and unrealistic “to effectively manage money laundering and terrorist financing risks”.
Barry Grant, of Extern Problem Gambling, said the latest fine is the “latest in a long line”.
He added: “In the last financial year, the Commission handed out €38million in fines to companies — many of whom are licensed to operate in Ireland.
“We need to see urgent action by government to put a gambling regulator in place.”
Elsewhere, shocking videos show the devastating effects of flash floods that once again hit iconic casinos on the Las Vegas strip Thursday night.
The natural disaster comes just two weeks after some of the most famous casinos - Circa Resort, Caesars Palace, Planet Hollywood Casino, and the LINQ Hotel - were flooded due to monsoon rains.
Social media users posted harrowing footage of water pouring into casinos, flooding blackjack tables in the populated Nevada city.
One Twitter user wrote: "You're not going to believe this, but I'm not sure if it's raining more inside @PHVegas or outside," tagging the famous casino Planet Hollywood.
Las Vegas was hit with .58 inches of rainfall Thursday, bringing the monsoon season rainfall to a total of 1.28 inches, the National Weather Service said.
This comes just two weeks after bystanders posted videos on social media of the previous flooding, showing the destruction along Las Vegas Boulevard.
In one video, water can be seen collecting on the floor after it broke through a screen at Circa Resort & Casino.
