UK

Entain to Pay £17M Penalty for Online and Retail Failures

 The HALLO ECHO
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  Entain, the global sports betting, gaming and interactive entertainment Group, has confirmed that it has agreed a regulatory settlement with the UK Gambling Commission (UKGC) in respect of alleged historical licensing breaches. The regulatory settlement amounts to £14m in respect of Entain’s digital business and £3m in respect of its retail business. Entain has…

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Stakelogic Live now broadcasting in the UK

 The HALLO ECHO
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  Stakelogic Live continues to establish itself as a leading provider of premium live casino content in core regulated jurisdictions after being awarded a supplier licence by the UK Gambling Commission, allowing it to enter the market for the very first time. Stakelogic Live is already certified in Malta and the Netherlands and has built…

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UKGC: Entain to pay £17 million for regulatory failures

 The HALLO ECHO
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  A gambling business is to pay £17 million for social responsibility and anti-money laundering failures at its online and land-based businesses. 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 also pay £3 million for failures…

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Regulatory expert warns operators that Gambling Commission is increasing number of compliance inspections

 The HALLO ECHO
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  Richard Bradley of Poppleston Allen, says firm are noticing an increase in enquiries relating to potential compliance failings  Richard Bradley, Partner and gambling industry compliance expert at Poppleston Allen said: “Our advice to operators, over and above the obvious reminder to regularly review compliance processes meticulously, with a particular focus on monitoring customer accounts…

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Spinomenal secures B2B UKGC licence

 The HALLO ECHO
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  Spinomenal, the leading iGaming content provider, has secured its B2B licence from the UKGC to open further opportunities within one of the world’s premium markets. Spinomenal’s rich roster of slot games is now readily available for UK operators, which includes Lucky Jack – Lost Jungle, Wolf Fang, Demi Gods III as well as the…

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Smarkets Fined £630,000 for AML and Social Responsibility Failings

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has handed a £630,000 fine to betting exchange Smarkets after identifying a series of anti-money laundering and social responsibility failings, including letting a player deposit a six-figure sum without appropriate checks. According to UKGC, Smarkets allowed customers to gamble without carrying out sufficient source-of-funds checks, while the operator was…

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